GC Strategy with Trend Filter and Sudden Move Profit TakingBYBIT:BTCUSDT.P 15M
Situation Assessment with Three Moving Averages
The strategy uses the crossover of the 5SMA and 25SMA as entry signals.
Additionally, the 75SMA is used as a filter. Long entries are only allowed when the price is above the 75SMA, and short entries are only allowed when the price is below the 75SMA.
ADX Filter
The Average Directional Index (ADX) is used to check the strength of the trend. Entry signals are only activated when the ADX is above 20. This ensures that trades are only executed when the trend is strong.
Sudden Move Detection
The strategy detects sudden price movements. If a sudden move occurs, the position is closed to lock in profits.
Entry
Long Entry: When the 5SMA crosses above the 25SMA, the price is above the 75SMA, and the ADX is above 20.
Short Entry: When the 5SMA crosses below the 25SMA, the price is below the 75SMA, and the ADX is above 20.
Exit
Positions are closed if a sudden move occurs. Positions are also closed if an opposing entry signal is generated.
This strategy aims to confirm the strength of the trend using moving average crossovers and ADX and to lock in profits based on sudden price movements.
３本の移動平均線による状況判断
5SMAと25SMA のクロスオーバーをエントリーシグナルとして使用します。
さらに、75SMAをフィルターとして使用し、価格が75SMAの上にある場合のみロングエントリーを許可し、75SMAの下にある場合のみショートエントリーを許可します。
ADXフィルター
ADX（平均方向性指数）を使ってトレンドの強さを確認します。
ADXが20より大きい場合のみ、エントリーシグナルを有効にします。これにより、トレンドが強い時にのみ取引を行うことができます。
急激な変動検知
価格の急激な変動を検出します。
急激な変動があった場合には、ポジションをクローズして利益を確定します。
エントリー
ロングエントリー
5SMAが25SMAを上にクロスし、価格が75SMAの上にあり、ADXが20を超えているとき。
ショートエントリー
5SMAが25SMAを下にクロスし、価格が75SMAの下にあり、ADXが20を超えているとき。
エグジット
急激な変動があった場合、ポジションをクローズします。
反対のエントリーシグナルが発生した場合にも、ポジションをクローズします。
このストラテジーは、移動平均のクロスオーバーとADXを使ってトレンドの強さを確認し、急激な変動に基づいて利益を確定することを目的としています。
Pine utilities
Fibonacci Retracements & Trend Following Strategy V2This Pine Script strategy generates trading signals using Fibonacci levels and trend-following indicators.
1. Strategy Summary
This strategy analyzes price movements using a combination of Fibonacci levels and trend-following indicators, providing potential trading signals. The strategy includes Fibonacci levels as well as EMA (Exponential Moving Average) and ADX (Average Directional Index) indicators.
2. Indicators and Parameters
Fibonacci Levels
Fibonacci Level 1, Level 2, Level 3, Level 4: Used as Fibonacci retracement levels. These levels are typically set at 0.236, 0.382, 0.618, and 0.786. Users can adjust these values according to their preferences.
Trend-Following Indicator
Trend Length: The period for calculating the EMA used as the trend-following indicator. For example, if set to 20, the EMA will be calculated over 20 periods.
ADX (Average Directional Index)
ADX Length: The period for calculating the ADX. ADX measures the strength of the price trend and is usually set to 14 periods.
ADX Threshold: A threshold value for the ADX. This value determines when trading signals will be activated.
3. Usage Steps
Displaying the Indicator on the Chart:
On the TradingView platform, paste the code into the Pine Editor and click the "Add to Chart" button to add it to the chart.
Analyzing the Indicators:
Fibonacci Levels: Show retracement levels of price movements. When the price reaches one of these levels, potential reversals may occur.
Trend-Following Indicator: EMAs determine the direction of the trend. Green EMA represents an uptrend, while red EMA represents a downtrend.
ADX: Measures the strength of the trend. When ADX surpasses the threshold value, it indicates a strong trend.
Trading Signals:
Long Signal: Generated when the price is above the second Fibonacci level and the trend is upward. Additionally, the ADX value must be above the set threshold.
Short Signal: Generated when the price is below the second Fibonacci level and the trend is downward. Additionally, the ADX value must be above the set threshold.
Target Prices:
Long Targets: Determines upward targets based on Fibonacci levels. These targets indicate expected prices if the price reverses from Fibonacci levels.
Short Targets: Determines downward targets based on Fibonacci levels. These targets indicate expected prices if the price reverses from Fibonacci levels.
4. Chart Displays
Trend Up (Green Line): Shows the rising EMA.
Trend Down (Red Line): Shows the falling EMA.
Fibonacci Levels (Blue Lines): Shows Fibonacci retracement levels.
Long Targets (Green Circles): Shows targets for long positions.
Short Targets (Red Circles): Shows targets for short positions.
Long Signal (Green Label): Buy signal.
Short Signal (Red Label): Sell signal.
5. Important Notes
Retracement and Target Levels: Fibonacci levels can act as potential retracement or support/resistance levels. However, they should always be used in conjunction with other technical analysis tools.
Trend and ADX: ADX is used to determine the strength of the trend. Be aware that when ADX is low, trends may be weak.
6. Example Scenarios
Example 1: If the trend is upward (green EMA) and the price is above the second Fibonacci level, you may receive a long position signal. If the ADX value is above the threshold, the signal may be stronger.
Example 2: If the trend is downward (red EMA) and the price is below the second Fibonacci level, you may receive a short position signal. If the ADX value is above the threshold, the signal may be stronger.
This updated version contains significant improvements in both technical aspects and user experience. Innovations such as ADX calculations and dynamic Fibonacci levels make the strategy more robust and flexible. The code's readability and comprehensibility have been enhanced, and errors have been corrected.
This guide will help you understand the basic operation of the strategy. It is always recommended to conduct your own research and test the strategy before using it.
GOOD LUCK. // halilvarol
Relationship Exchange Rate and Inflation in UruguayThis Pine Script indicator, titled "Relationship Between Exchange Rate and Monthly Inflation in Uruguay," is designed to analyze the interaction between the exchange rate of the Uruguayan Peso (UYU) against the US Dollar (USD) and the monthly inflation rate in Uruguay.
Data Retrieval:
The script fetches the monthly exchange rate data for UYU/USD.
It also retrieves the Consumer Price Index (CPI) data for Uruguay.
Monthly Inflation Calculation:
The script calculates the monthly inflation rate using the CPI data by determining the percentage change from the previous month.
Formula Calculation:
A specific formula is calculated by dividing the inverse of the exchange rate by the monthly inflation rate.
Conditional Coloring:
The resulting value is plotted on the chart with a conditional color: green if the exchange rate is greater than the inflation rate, otherwise red.
This indicator provides a visual representation of how the exchange rate compares to the inflation rate, helping traders and analysts understand the economic dynamics between currency value and inflation in Uruguay.
World Clock [VHX]Keeping track of local times across different time zones has always been a challenge, especially when working with global markets.
But worry no more, as we now have a solution tailored for this very need. With this indicator, you can effortlessly add two different time zones to your chart, making it easier than ever to stay on top of market activity. The indicator not only shows the current date and time for the selected time zones but also integrates seamlessly with your chart, ensuring that you’re always aligned with the right market timings, no matter where you or your trades are based.
Unfortunately, the clock won't function when the market is closed.
Volatility Projection Levels (VPL)### Indicator Name: **Volatility Projection Levels (VPL)**
### Description:
The **Volatility Projection Levels (VPL)** indicator is a powerful tool designed to help traders anticipate key support and resistance levels for the E-mini S&P 500 (ES) by leveraging the CBOE Volatility Index (^VIX). This indicator utilizes historical volatility data to project potential price movements for the upcoming month, offering clear visual cues that enhance swing trading strategies.
### Key Features:
- **Volatility-Based Projections**: The VPL indicator uses the previous month’s closing value of the VIX, normalizing it for monthly analysis by dividing by the square root of 12. This calculated percentage is then applied to the E-mini S&P 500’s closing price from the last day of the previous month.
- **Upper and Lower Projection Levels**: The indicator calculates two essential levels:
- **Upper Projection Level**: The previous month’s closing price of the E-mini S&P 500 plus the calculated volatility percentage.
- **Lower Projection Level**: The previous month’s closing price of the E-mini S&P 500 minus the calculated volatility percentage.
- **Continuous Visualization**: The VPL indicator plots these projection levels on the chart throughout the entire month, providing traders with a consistent reference for potential support and resistance zones. This continuous visualization allows for better anticipation of market movements.
- **Previous Month's Close Reference**: Additionally, the indicator plots the previous month’s closing price as a reference point, offering further context for current price action.
### Use Cases:
- **Swing Trading**: The VPL indicator is ideal for swing traders looking to exploit predicted price ranges within a monthly timeframe.
- **Support & Resistance Identification**: It aids traders in identifying critical levels where the market may encounter support or resistance, thus informing entry and exit decisions.
- **Risk Management**: By forecasting potential price levels, traders can set more strategic stop-loss and take-profit levels, enhancing risk management.
### Summary:
The **Volatility Projection Levels (VPL)** indicator equips traders with a forward-looking tool that incorporates volatility data into market analysis. By projecting key price levels based on historical VIX data, the VPL indicator enhances decision-making, helping traders anticipate market movements and optimize their trading strategies.
Made by Serpenttrading
Raj - Mark Minervini Stage 2 with RSTitle: Mark Minervini Stage 2 Screener with Custom RS
Description:
This script is designed to identify stocks that meet the criteria for Mark Minervini's Stage 2 trend setup, incorporating custom relative strength (RS) ranking.
Key Features:
Moving Averages: Tracks the 50-day, 150-day, and 200-day Simple Moving Averages (SMA) to identify trend alignment.
Price Conditions: Ensures the stock price is above key moving averages, is within 25% of its 52-week high, and is at least 25% above its 52-week low.
Custom Relative Strength (RS): Compares the stock's performance against a benchmark (e.g., S&P 500) to ensure it has a strong relative strength. The RS is normalized on a 0-100 scale, and only stocks with an RS above 70 are highlighted.
Visual Indicators: The script plots moving averages on the chart and labels points where all conditions for the Stage 2 setup are met.
Usage:
Apply this script to your charts to find stocks that are in a strong uptrend and meet Mark Minervini's Stage 2 criteria.
Customize the benchmark symbol for the RS calculation to fit your market or preference
csv_series_libraryThe CSV Series Library is an innovative tool designed for Pine Script developers to efficiently parse and handle CSV data for series generation. This library seamlessly integrates with TradingView, enabling the storage and manipulation of large CSV datasets across multiple Pine Script libraries. It's optimized for performance and scalability, ensuring smooth operation even with extensive data.
Features:
Multi-library Support: Allows for distribution of large CSV datasets across several libraries, ensuring efficient data management and retrieval.
Dynamic CSV Parsing: Provides robust Python scripts for reading, formatting, and partitioning CSV data, tailored specifically for Pine Script requirements.
Extensive Data Handling: Supports parsing CSV strings into Pine Script-readable series, facilitating complex financial data analysis.
Automated Function Generation: Automatically wraps CSV blocks into distinct Pine Script functions, streamlining the process of integrating CSV data into Pine Script logic.
Usage:
Ideal for traders and developers who require extensive data analysis capabilities within Pine Script, especially when dealing with large datasets that need to be partitioned into manageable blocks. The library includes a set of predefined functions for parsing CSV data into usable series, making it indispensable for advanced trading strategy development.
Example Implementation:
CSV data is transformed into Pine Script series using generated functions.
Multiple CSV blocks can be managed and parsed, allowing for flexible data series creation.
The library includes comprehensive examples demonstrating the conversion of standard CSV files into functional Pine Script code.
To effectively utilize the CSV Series Library in Pine Script, it is imperative to initially generate the correct data format using the accompanying Python program. Here is a detailed explanation of the necessary steps:
1. Preparing the CSV Data:
The Python script provided with the CSV Series Library is designed to handle CSV files that strictly contain no-space, comma-separated single values. It is crucial that your CSV file adheres to this format to ensure compatibility and correctness of the data processing.
2. Using the Python Program to Generate Data:
Once your CSV file is prepared, you need to use the Python program to convert this file into a format that Pine Script can interpret. The Python script performs several key functions:
Reads the CSV file, ensuring that it matches the required format of no-space, comma-separated values.
Formats the data into blocks, where each block is a string of data that does not exceed a specified character limit (default is 4,000 characters). This helps manage large datasets by breaking them down into manageable chunks.
Wraps these blocks into Pine Script functions, each block being encapsulated in its own function to maintain organization and ease of access.
3. Generating and Managing Multiple Libraries:
If the data from your CSV file exceeds the Pine Script or platform limits (e.g., too many characters for a single script), the Python script can split this data into multiple blocks across several files.
4. Creating a Pine Script Library:
After generating the formatted data blocks, you must create a Pine Script library where these blocks are integrated. Each block of data is contained within its function, like my_csv_0(), my_csv_1(), etc. The full_csv() function in Pine Script then dynamically loads and concatenates these blocks to reconstruct the full data series.
5. Exporting the full_csv() Function:
Once your Pine Script library is set up with all the CSV data blocks and the full_csv() function, you export this function from the library. This exported function can then be used in your actual trading projects. It allows Pine Script to access and utilize the entire dataset as if it were a single, continuous series, despite potentially being segmented across multiple library files.
6. Reconstructing the Full Series Using vec :
When your dataset is particularly large, necessitating division into multiple parts, the vec type is instrumental in managing this complexity. Here’s how you can effectively reconstruct and utilize your segmented data:
Definition of vec Type: The vec type in Pine Script is specifically designed to hold a dataset as an array of floats, allowing you to manage chunks of CSV data efficiently.
Creating an Array of vec Instances: Once you have your data split into multiple blocks and each block is wrapped into its own function within Pine Script libraries, you will need to construct an array of vec instances. Each instance corresponds to a segment of your complete dataset.
Using array.from(): To create this array, you utilize the array.from() function in Pine Script. This function takes multiple arguments, each being a vec instance that encapsulates a data block. Here’s a generic example:
vec series_vector = array.from(vec.new(data_block_1), vec.new(data_block_2), ..., vec.new(data_block_n))
In this example, data_block_1, data_block_2, ..., data_block_n represent the different segments of your dataset, each returned from their respective functions like my_csv_0(), my_csv_1(), etc.
Accessing and Utilizing the Data: Once you have your vec array set up, you can access and manipulate the full series through Pine Script functions designed to handle such structures. You can traverse through each vec instance, processing or analyzing the data as required by your trading strategy.
This approach allows Pine Script users to handle very large datasets that exceed single-script limits by segmenting them and then methodically reconstructing the dataset for comprehensive analysis. The vec structure ensures that even with segmentation, the data can be accessed and utilized as if it were contiguous, thus enabling powerful and flexible data manipulation within Pine Script.
Library "csv_series_library"
A library for parsing and handling CSV data to generate series in Pine Script. Generally you will store the csv strings generated from the python code in libraries. It is set up so you can have multiple libraries to store large chunks of data. Just export the full_csv() function for use with this library.
method csv_parse(data)
Namespace types: array
Parameters:
data (array)
method make_series(series_container, start_index)
Namespace types: array
Parameters:
series_container (array)
start_index (int)
Returns: A tuple containing the current value of the series and a boolean indicating if the data is valid.
method make_series(series_vector, start_index)
Namespace types: array
Parameters:
series_vector (array)
start_index (int)
Returns: A tuple containing the current value of the series and a boolean indicating if the data is valid.
vec
A type that holds a dataset as an array of float arrays.
Fields:
data_set (array) : A chunk of csv data. (A float array)
RSI - ARIEIVhe RSI MAPPING - ARIEIV is a powerful technical indicator based on the Relative Strength Index (RSI) combined with moving averages and divergence detection. This indicator is designed to provide a clear view of overbought and oversold conditions, as well as identifying potential reversals and signals for market entries and exits.
Key Features:
Customizable RSI:
The indicator offers flexibility in adjusting the RSI length and data source (closing price, open price, etc.).
The overbought and oversold lines can be customized, allowing the RSI to signal critical market zones according to the trader’s strategy.
RSI-Based Moving Averages (MA):
Users can enable a moving average based on the RSI with support for multiple types such as SMA, EMA, WMA, VWMA, and SMMA (RMA).
For those who prefer Bollinger Bands, there’s an option to use the moving average with standard deviation to detect market volatility.
Divergence Detection:
Detects both regular and hidden divergences (bullish and bearish) between price and RSI, which can indicate potential market reversals.
These divergences can be customized with specific colors for easy identification on the chart, allowing traders to quickly spot significant market shifts.
Zone Mapping:
The script maps zones of buying and selling strength, filling the areas between the overbought and oversold levels with specific colors, highlighting when the market is in extreme conditions.
Strength Tables:
At the end of each session, a table appears on the right side of the chart, displaying the "Buying Strength" and "Selling Strength" based on calculated RSI levels. This allows for quick analysis of the dominant pressure in the market.
Flexible Settings:
Many customization options are available, from adjusting the number of decimal places to the choice of colors and the ability to toggle elements on or off within the chart.
Maximum Bar Range in TicksThis is a simple indicator that gives the maximum range of any bar on the chart in ticks. I found it useful when sizing arrays and it might also be valuable when working out risk parameters.
Fibonacci-Only StrategyFibonacci-Only Strategy
This script is a custom trading strategy designed for traders who leverage Fibonacci retracement levels to identify potential trade entries and exits. The strategy is versatile, allowing users to trade across multiple timeframes, with built-in options for dynamic stop loss, trailing stops, and take profit levels.
Key Features:
Custom Fibonacci Levels:
This strategy calculates three specific Fibonacci retracement levels: 19%, 82.56%, and the reverse 19% level. These levels are used to identify potential areas of support and resistance where price reversals or breaks might occur.
The Fibonacci levels are calculated based on the highest and lowest prices within a 100-bar period, making them dynamic and responsive to recent market conditions.
Dynamic Entry Conditions:
Touch Entry: The script enters long or short positions when the price touches specific Fibonacci levels and confirms the move with a bullish (for long) or bearish (for short) candle.
Break Entry (Optional): If the "Use Break Strategy" option is enabled, the script can also enter positions when the price breaks through Fibonacci levels, providing more aggressive entry opportunities.
Stop Loss Management:
The script offers flexible stop loss settings. Users can choose between a fixed percentage stop loss or an ATR-based stop loss, which adjusts based on market volatility.
The ATR (Average True Range) stop loss is multiplied by a user-defined factor, allowing for tailored risk management based on market conditions.
Trailing Stop Mechanism:
The script includes an optional trailing stop feature, which adjusts the stop loss level as the market moves in favor of the trade. This helps lock in profits while allowing the trade to run if the trend continues.
The trailing stop is calculated as a percentage of the difference between the entry price and the current market price.
Multiple Take Profit Levels:
The strategy calculates seven take profit levels, each at incremental percentages above (for long trades) or below (for short trades) the entry price. This allows for gradual profit-taking as the market moves in the trade's favor.
Each take profit level can be customized in terms of the percentage of the position to be closed, providing precise control over exit strategies.
Strategy Backtesting and Results:
Realistic Backtesting:
The script has been backtested with realistic account sizes, commission rates, and slippage settings to ensure that the results are applicable to actual trading scenarios.
The backtesting covers various timeframes and markets to ensure the strategy's robustness across different trading environments.
Default Settings:
The script is published with default settings that have been optimized for general use. These settings include a 15-minute timeframe, a 1.0% stop loss, a 2.0 ATR multiplier for stop loss, and a 1.5% trailing stop.
Users can adjust these settings to better fit their specific trading style or the market they are trading.
How It Works:
Long Entry Conditions:
The strategy enters a long position when the price touches the 19% Fibonacci level (from high to low) or the reverse 19% level (from low to high) and confirms the move with a bullish candle.
If the "Use Break Strategy" option is enabled, the script will also enter a long position when the price breaks below the 19% Fibonacci level and then moves back up, confirming the break with a bullish candle.
Short Entry Conditions:
The strategy enters a short position when the price touches the 82.56% Fibonacci level and confirms the move with a bearish candle.
If the "Use Break Strategy" option is enabled, the script will also enter a short position when the price breaks above the 82.56% Fibonacci level and then moves back down, confirming the break with a bearish candle.
Stop Loss and Take Profit Logic:
The stop loss for each trade is calculated based on the selected method (fixed percentage or ATR-based). The strategy then manages the trade by either trailing the stop or taking profit at predefined levels.
The take profit levels are set at increments of 0.5% above or below the entry price, depending on whether the position is long or short. The script gradually exits the trade as these levels are hit, securing profits while minimizing risk.
Usage:
For Fibonacci Traders:
This script is ideal for traders who rely on Fibonacci retracement levels to find potential trade entries and exits. The script automates the process, allowing traders to focus on market analysis and decision-making.
For Trend and Swing Traders:
The strategy's flexibility in handling both touch and break entries makes it suitable for trend-following and swing trading strategies. The multiple take profit levels allow traders to capture profits in trending markets while managing risk.
Important Notes:
Originality: This script uniquely combines Fibonacci retracement levels with dynamic stop loss management and multiple take profit levels. It is not just a combination of existing indicators but a thoughtful integration designed to enhance trading performance.
Disclaimer: Trading involves risk, and it is crucial to test this script in a demo account or through backtesting before applying it to live trading. Users should ensure that the settings align with their individual risk tolerance and trading strategy.
Total Bars CalculatorThis indicator simply plots how much bars are available to the user in the respective chart.
For Example if plot shows 5000 , therefore you have total 5000 bars of OHLC available.
Custom Text DisplayThe "Custom Text Display" indicator allows users to display customizable text in a fixed position in the bottom-right corner of their chart. Each text entry can have its own color, which can be set in the indicator's settings. Follow these steps to set up and use the indicator effectively:
Adding the Indicator to Your Chart:
Apply the "Custom Text Display" indicator to your chart from the indicators list.
Configuring Text and Colors:
Open the settings for the indicator.
Enter the desired text for each of the five text fields labeled "Text 1", "Text 2", etc.
Choose a color for each text entry using the color pickers labeled "Color 1", "Color 2", etc.
Selecting the Active Text:
In the indicator settings, find the "Select Active Text" dropdown menu.
This menu offers six options: "0" (None), "1" (Text 1), "2" (Text 2), "3" (Text 3), "4" (Text 4), and "5" (Text 5).
Select the number corresponding to the text you want to activate. Only one text can be active at a time.
Viewing the Active Text on the Chart:
The selected active text will be displayed in the bottom-right corner of the chart with the corresponding background color.
If no text is selected (option "0"), no text will be displayed.
Optimized Bullish and Bearish Structure IndicatorThis Pine Script indicator is designed to identify specific bullish and bearish structures on a price chart based on user-defined conditions. The indicator highlights buy and sell signals and allows customization through input checkboxes to include or exclude additional conditions for generating these signals.
Key Features:
User Input Checkboxes:
Use Additional Buy Condition: Enables or disables an extra condition for buy signals.
Use Additional Sell Condition: Enables or disables an extra condition for sell signals.
Bullish Structure (Case 01):
The closing price of the candle 2 bars ago is greater than the closing price of the candle 1 bar ago.
The current candle's closing price is greater than the opening price of the candle 1 bar ago.
Additional Buy Condition: The closing price of the candle 2 bars ago is less than the closing price of the candle 1 bar ago.
Bearish Structure (Case 01):
The closing price of the candle 1 bar ago is greater than the closing price of the candle 2 bars ago.
The current candle's closing price is less than the opening price of the candle 1 bar ago.
Additional Sell Condition: The closing price of the candle 1 bar ago is less than the closing price of the candle 2 bars ago.
Signal Tracking:
The script tracks whether it is currently in a long (buy) or short (sell) state to avoid consecutive identical signals.
Only one buy signal is allowed until a sell signal is generated, and vice versa.
Plotting Signals:
Buy signals are plotted as green labels below the bar.
Sell signals are plotted as red labels above the bar.
Background colors are used to highlight bars where signals are generated:
Green for buy signals.
Red for sell signals.
Previous Candle Plotting:
Signals are plotted on the previous candle to clearly indicate where the signal conditions were met.
Script Usage:
Overlay:
The indicator is plotted directly on the price chart (overlay=true).
User Inputs:
Users can toggle the additional conditions for buy and sell signals through the checkboxes provided in the input settings.
Customization:
The indicator can be customized further to suit different trading strategies or market conditions by modifying the conditions and input parameters.
Example Usage:
Add the indicator to your TradingView chart.
Use the input checkboxes to include or exclude additional conditions for buy and sell signals.
Observe the plotted signals and background highlights to identify potential buy and sell opportunities based on the defined conditions.
This indicator provides a flexible tool for traders to identify specific bullish and bearish market structures and helps in making informed trading decisions.
Large Shadow Detector V.1Large Shadow Detector for TradingView
This Pine Script indicator highlights candles with shadows (wicks) exceeding a customizable threshold in points on the XAU/USD chart, specifically for the 1-hour timeframe.
Key Features:
Customizable Shadow Threshold: An input field allows users to set the threshold for detecting large shadows. The default is set to 3400 points.
Upper and Lower Shadows Calculation: The script calculates the upper and lower shadows of each candle.
Condition Checks: It checks if the shadows exceed the defined threshold.
Visual Indicators: Red triangles are plotted above candles with large upper shadows, and green triangles are plotted below candles with large lower shadows.
BB Position CalculatorPosition Size Calculator Instructions
Overview
The Position Size Calculator is designed to help traders automatically determine the appropriate lot size based on the dollar amount they are willing to risk. It includes features for automatic lot sizing, fixed lot risk calculations, take profit calculations (both automatic and fixed), max run-up, and max drawdown. Calculated values are displayed in ticks, points, and USD.
Key Features
• Automatic Lot Sizing: Automatically calculates lot size based on the amount of money you are willing to risk.
• Fixed Lot Risk Calculations: Provides risk calculations for fixed lot sizes.
• Take Profit Calculations: Offers both automatic and fixed take profit calculations.
• Max Run-Up and Max Drawdown: Monitors and displays the maximum run-up and drawdown of your trade.
• Detailed Metrics: Displays all calculated values in ticks, points, and USD.
Setup Instructions
1. Add and Remove for Each Position: The calculator is designed to be added to your chart for each new position. Once your preferences are set the first time, save them as your default to retain your settings for future use.
2. Adding the Indicator to Favorites:
• Use the TradingView keyboard shortcut “/” then type “pos.”
• Use the arrow key to select the Position Size Calculator and press enter.
• Close the indicator selection pop-up.
3. Setting the Trigger Price:
• A blue pop-up labeled “SET TRIGGER PRICE” will appear at the bottom of the chart.
• Click on the chart at the price level where you want to enter the trade.
4. Setting the Stop Loss:
• The pop-up will change to “SET STOP LOSS.”
• Click on the chart at the price level where your stop loss will be set.
5. Setting the Take Profit:
• The pop-up will change to “SET TAKE PROFIT.”
• Click on the chart at the price level where you want to take profit. If you have selected the option to overwrite with a set risk/reward ratio (R:R), the calculation will use this price level.
6. Setting the Trade Window Start:
• The pop-up will change to “SET TRADE WINDOW START.”
• Click on the bar in time where you want the indicator to start monitoring for price to trigger the position.
7. Adjusting the Position:
• Clicking on any part of the indicator will display draggable lines, allowing you to fine-tune the position that was previously plotted by the first four chart clicks.
Additional Notes
• Compatibility: This calculator has only been tested with futures trading.
• Customization: Once your preferences are set, save them as your default to make setup quicker for future trades.
• Support: If you have any questions or feature requests, please feel free to reach out.
1000SATS and ORDI Market Cap RatioSure! Here is a detailed description and usage guide for your TradingView indicator:
### Indicator Description
**Title**: 1000SATS/ORDI Market Cap Ratio
**Description**: The "1000SATS/ORDI Market Cap Ratio" indicator calculates and visualizes the market capitalization ratio between 1000SATS and ORDI. This indicator allows traders and investors to analyze the relative market strength and valuation trends of 1000SATS compared to ORDI over time. By tracking this ratio, users can gain insights into market dynamics and potential trading opportunities between these two assets.
### Indicator Usage
**Purpose**:
- To compare the market capitalizations of 1000SATS and ORDI.
- To identify potential undervaluation or overvaluation of 1000SATS relative to ORDI.
- To assist in making informed trading and investment decisions based on market cap trends.
**How to Use**:
1. **Add the Indicator to Your Chart**:
- Open TradingView and navigate to your chart.
- Click on the "Indicators" button at the top of the chart.
- Select "Pine Editor" and paste the provided script.
- Click "Add to Chart" to apply the indicator.
2. **Interpret the Ratio**:
- The indicator will plot a line representing the ratio of the market capitalization of 1000SATS to ORDI.
- A rising ratio indicates that the market cap of 1000SATS is increasing relative to ORDI, suggesting stronger market performance or higher valuation of 1000SATS.
- A falling ratio indicates that the market cap of 1000SATS is decreasing relative to ORDI, suggesting weaker market performance or lower valuation of 1000SATS.
3. **Analyze Trends**:
- Use the indicator to spot trends and potential reversal points in the market cap ratio.
- Combine the ratio analysis with other technical indicators and chart patterns to enhance your trading strategy.
4. **Set Alerts**:
- Set custom alerts on the ratio to notify you of significant changes or specific thresholds being reached, enabling timely decision-making.
**Example**:
- If the ratio is consistently rising, it may indicate a good opportunity to consider 1000SATS as a stronger investment relative to ORDI.
- Conversely, if the ratio is falling, it may be a signal to reevaluate the strength of 1000SATS compared to ORDI.
**Note**: Always conduct thorough analysis and consider other market factors before making trading decisions based on this indicator.
### Script
```pinescript
//@version=4
study("1000SATS and ORDI Market Cap Ratio", shorttitle="1000SATS/ORDI Ratio", overlay=true)
// Define the circulating supply for ORDI and 1000SATS
ORDI_supply = 21000000 // Circulating supply of ORDI
SATS_1000_supply = 2100000000000 // Circulating supply of 1000SATS
// Fetch the price data for ORDI
ordi_price = security("BINANCE:ORDIUSDT", timeframe.period, close)
// Fetch the price data for 1000SATS
sats_1000_price = security("BINANCE:1000SATSUSDT", timeframe.period, close)
// Calculate the market capitalizations
ordi_market_cap = ordi_price * ORDI_supply
sats_1000_market_cap = sats_1000_price * SATS_1000_supply
// Calculate the market cap ratio
ratio = sats_1000_market_cap / ordi_market_cap
// Plot the ratio
plot(ratio, title="1000SATS/ORDI Market Cap Ratio", color=color.blue, linewidth=2)
```
This description and usage guide should help users understand the purpose and functionality of your indicator, as well as how to effectively apply it in their trading activities on TradingView.
Biquad Low Pass FilterThis indicator utilizes a biquad low pass filter to smooth out price data, helping traders identify trends and reduce noise in their analysis.
The Length parameter acts as the length of the moving average, determining the smoothness and responsiveness of the filter. Adjusting this parameter changes how quickly the filter reacts to price changes.
The Q Factor controls the sharpness of the filter. A higher Q value results in a narrower frequency band, enhancing the precision of the filter. However, be cautious when setting the Q factor too high, as it can induce resonance, amplifying certain frequencies and potentially making the filter less effective by introducing noise.
Key Features of Biquad Filters
Biquad filters are a type of digital filter that provides a combination of low-pass, high-pass, band-pass, and notch filtering capabilities. In this implementation, the biquad filter is configured as a low pass filter, which allows low-frequency signals to pass while attenuating higher-frequency noise. This is particularly useful in trading to smooth out price data, making it easier to spot underlying trends and patterns.
Biquad filters are known for their smooth response and minimal phase distortion, making them ideal for technical analysis. The customizable length and Q factor allow for flexible adaptation to different trading strategies and market conditions. Designed for real-time charting, the biquad filter operates efficiently without significant lag, ensuring timely analysis.
By incorporating this biquad low pass filter into your trading toolkit, you can enhance your chart analysis with clearer insights into price movements, leading to more informed trading decisions.
[INVX] Trailing StopDescription:
The Adjustable Trailing Stop Indicator is a practical tool designed to enhance your trading strategy by allowing for automatic modifications of stop-loss orders according to your specified parameters. This indicator provides a dynamic alternative to the traditional static stop-loss orders, assisting in managing your potential profits and curbing possible losses.
Features and Functionality:
The Trailing Stop Indicator provides three main inputs for customization:
"Trailing Stop Start Date" : This input enables you to set the start date for the trailing stop. From this date forward, the indicator begins tracking price changes and adjusts the stop-loss order in response.
"Trigger Delta (%)" : This represents the percentage for the trailing stop. It denotes the set percentage at which the stop order adjusts.
"Order" : This input determines whether the trailing stop applies to a Buy or Sell order. Depending on the selection, the indicator adjusts the stop price as the price escalates (for Sell order) or declines (for Buy order).
How Does the Trailing Stop Indicator Work?
The Trailing Stop Indicator functions by dynamically adjusting the stop price in line with market fluctuations. If the market price rises (for Sell order), the stop price automatically ascends, securing potential profits. In a declining market (for Buy order), the stop price descends according to the market.
This indicator eliminates the need for constant manual adjustments, reducing the impact of emotional trading and helping traders maintain their risk management strategy. By using this tool, traders can implement a more disciplined and systematic approach to trading.
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.
Ultimate UT Bot ScreenerWhat Does the Ultimate UT Bot Screener Do?
Ultimate UT Bot Screener will help you navigate UT Bot signals and backtest results for up to 40 instruments simultaneously. It scans the market for provided UT Bot indicator parameters, calculates essential metrics, and displays the information in 1 fully customizable table.
How Does It Work?
Market Scanning : The screener scans multiple instruments for the selected timeframe, ensuring you never miss an opportunity.
Customizable Parameters : Adjust the UT Bot parameters to fit your unique trading style and risk tolerance.
Filtering and Sorting : Use advanced filtering and sorting options to narrow down the results based on your specific criteria.
Alerts and Notifications : Set up custom alerts to stay updated on important market movements and potential trades.
Visual Customization : Tailor the screener's visual appearance to suit your preferences, making data interpretation effortless.
Currently, Ultimate UT Bot Screener Supports 13 columns:
Price - the last price of the instrument
UT Signal - last UT bot signal. Value in the square brackets ( for ex.) means how many bars ago the last signal fired.
Move To Revert —We have to observe the price move for the current bar to see the UT Bot signal change.
Revert Prob - probability estimation for UT Bot to revert for the current bar.
Trade History - the last five trade outcomes are coded as green(profit)/red(loss) squares.
Total Trades - total trades number for UT Bot strategy for the entire available history.
Current P&L - P&L for the open trade
Trade Avg P&L - Average P&L for the last X trades
Trade Prof - percent profitable trades from the last X trades
Profit Factor - profit factor the last X trades
Net Profit - total net Profit for the last X trades
Max DD - maximum drawdown for the last X trades Avg Bars in Trades - average trade duration for the last X trades
How to Use the Ultimate UT Bot Screener
Using the Ultimate UT Bot Screener is straightforward:
Set Up Your Screener : Choose the instruments you want to monitor and configure the columns to display the data most relevant to you.
Customize Parameters : Fine-tune the UT Bot parameters to align with your trading strategy. Filter and Sort: Apply filters to isolate the most promising trading opportunities and sort the results based on your priorities.
Monitor and Act: Keep an eye on the screener and act on the high-probability signals it generates. Set up alerts to ensure you never miss a critical trade.
Why Is the Ultimate UT Bot Screener Original and Worth Paying For?
Highly Customizable : our tool allows you to configure almost every element, from the set of columns and instruments to the UT Bot parameters and visual appearance.
User-Friendly Interface : Designed with traders in mind, the screener offers an intuitive interface that makes complex data easy to understand and act upon.
Time-Saving : By automating the market scanning and analysis process, it saves you valuable time and effort, allowing you to focus on executing your trades.
Real-Time Alerts : Stay ahead of the market with customizable alerts that notify you of important events and potential trades.
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.
WatermarkOverview
The "Watermark" indicator by PineWave is designed to display customizable text as a watermark on your TradingView charts. This can include the chart symbol, timeframe, current time, date, and day of the week. You can personalize the appearance and placement of the watermark to suit your preferences.
This script is an improved version of the original "Watermark" script by TradingView, enhanced with additional customization options and features. However, it is important to note that this indicator does not directly improve your trading performance; it is purely a visual enhancement tool for your charts.
Strategic Multi-Step Supertrend - Strategy [presentTrading]The code is mainly developed for me to stimulate the multi-step taking profit function for strategies. The result shows the drawdown can be reduced but at the same time reduced the profit as well. It can be a heuristic for futures leverage traders.
█ Introduction and How it is Different
The "Strategic Multi-Step Supertrend" is a trading strategy designed to leverage the power of multiple steps to optimize trade entries and exits across the Supertrend indicator. Unlike traditional strategies that rely on single entry and exit points, this strategy employs a multi-step approach to take profit, allowing traders to lock in gains incrementally. Additionally, the strategy is adaptable to both long and short trades, providing a comprehensive solution for dynamic market conditions.
This template strategy lies in its dual Supertrend calculation, which enhances the accuracy of trend detection and provides more reliable signals for trade entries and exits. This approach minimizes false signals and increases the overall profitability of trades by ensuring that positions are entered and exited at optimal points.
BTC 6h L/S Performance
█ Strategy, How It Works: Detailed Explanation
The "Strategic Multi-Step Supertrend Trader" strategy utilizes two Supertrend indicators calculated with different parameters to determine the direction and strength of the market trend. This dual approach increases the robustness of the signals, reducing the likelihood of entering trades based on false signals. Here is a detailed breakdown of how the strategy operates:
🔶 Supertrend Indicator Calculation
The Supertrend indicator is a trend-following overlay on the price chart, typically used to identify the direction of the trend. It is calculated using the Average True Range (ATR) to ensure that the indicator adapts to market volatility. The formula for the Supertrend indicator is:
Upper Band = (High + Low) / 2 + (Factor * ATR)
Lower Band = (High + Low) / 2 - (Factor * ATR)
Where:
- High and Low are the highest and lowest prices of the period.
- Factor is a user-defined multiplier.
- ATR is the Average True Range over a specified period.
The Supertrend changes its direction based on the closing price in relation to these bands.
🔶 Entry-Exit Conditions
The strategy enters long positions when both Supertrend indicators signal an uptrend, and short positions when both indicate a downtrend. Specifically:
- Long Condition: Supertrend1 < 0 and Supertrend2 < 0
- Short Condition: Supertrend1 > 0 and Supertrend2 > 0
- Long Exit Condition: Supertrend1 > 0 and Supertrend2 > 0
- Short Exit Condition: Supertrend1 < 0 and Supertrend2 < 0
🔶 Multi-Step Take Profit Mechanism
The strategy features a multi-step take profit mechanism, which allows traders to lock in profits incrementally. This is achieved through four user-configurable take profit levels. For each level, the strategy specifies a percentage increase (for long trades) or decrease (for short trades) in the entry price at which a portion of the position is exited:
- Step 1: Exit a portion of the trade at Entry Price * (1 + Take Profit Percent1 / 100)
- Step 2: Exit a portion of the trade at Entry Price * (1 + Take Profit Percent2 / 100)
- Step 3: Exit a portion of the trade at Entry Price * (1 + Take Profit Percent3 / 100)
- Step 4: Exit a portion of the trade at Entry Price * (1 + Take Profit Percent4 / 100)
This staggered exit strategy helps in locking profits at multiple levels, thereby reducing risk and increasing the likelihood of capturing the maximum possible profit from a trend.
BTC Local
█ Trade Direction
The strategy is highly flexible, allowing users to specify the trade direction. There are three options available:
- Long Only: The strategy will only enter long trades.
- Short Only: The strategy will only enter short trades.
- Both: The strategy will enter both long and short trades based on the Supertrend signals.
This flexibility allows traders to adapt the strategy to various market conditions and their own trading preferences.
█ Usage
1. Add the strategy to your trading platform and apply it to the desired chart.
2. Configure the take profit settings under the "Take Profit Settings" group.
3. Set the trade direction under the "Trade Direction" group.
4. Adjust the Supertrend settings in the "Supertrend Settings" group to fine-tune the indicator calculations.
5. Monitor the chart for entry and exit signals as indicated by the strategy.
█ Default Settings
- Use Take Profit: True
- Take Profit Percentages: Step 1 - 6%, Step 2 - 12%, Step 3 - 18%, Step 4 - 50%
- Take Profit Amounts: Step 1 - 12%, Step 2 - 8%, Step 3 - 4%, Step 4 - 0%
- Number of Take Profit Steps: 3
- Trade Direction: Both
- Supertrend Settings: ATR Length 1 - 10, Factor 1 - 3.0, ATR Length 2 - 11, Factor 2 - 4.0
These settings provide a balanced starting point, which can be customized further based on individual trading preferences and market conditions.
Weekday Signal [QuantAlchemy]### Weekday Signal Indicator
#### Overview
The "Weekday Signal " indicator offers a method for triggering entry and exit signals based on specific weekdays and defined trading sessions. This allows traders to tailor their strategies to time slots and days, ensuring strategic execution and optimal trading periods.
Additionally, this indicator exposes signals for external use in other scripts, enabling integration with additional trading strategies or indicators, thereby enhancing its utility and flexibility for trading systems.
#### Definitions
- **Weekday Signal**: An indicator designed to trigger entry and exit signals based on specific weekdays within defined trading sessions.
- **Time Zone**: The local or preferred time zone setting to match market hours across global exchanges.
- **Trading Session**: The specific hours within a day when the trading signals are active.
#### Plots
- **Enter Signal**: Plots a signal when the conditions for entering a trade are met.
- **Exit Signal**: Plots a signal when the conditions for exiting a trade are met.
#### Properties
- **Flexible Time Zones**: Allows users to set their preferred time zone to align with global market hours.
- **Customizable Entry and Exit Days**: Users can select specific weekdays for entry and exit signals.
- **Defined Trading Sessions**: Users can define trading session hours to restrict signals to optimal market times.
- **Visual Indicators**: Provides clear visual plots and background colors on the chart to indicate when entry and exit criteria are met.
- **Dual Group Configuration**: Separate controls for entry and exit setups, offering flexibility in managing trading signals.
#### How to Read
1. **Green Background**: Indicates a potential entry signal.
2. **Red Background**: Indicates a potential exit signal.
3. **Status Line and Data Window**: Shows a value of 1 when an entry or exit condition is met and 0 otherwise.
#### Proposed Interpretations
- **Entry Signals**: When the background turns green and the status line/data window shows a value of 1, it indicates a potential time to enter a trade based on the selected weekday and session.
- **Exit Signals**: When the background turns red and the status line/data window shows a value of 1, it indicates a potential time to exit a trade based on the selected weekday and session.
#### Essential Knowledge
- **Weekdays and Trading Sessions**: Understanding the significance of specific trading days and sessions can help in optimizing trade timings.
- **Time Zones**: Correctly setting the time zone ensures alignment with market hours and accurate signal generation.
#### Deeper Concepts
- **Signal Filtering**: The script uses the `time_filter` library to determine if the current time falls within the defined entry or exit periods.
#### Typical Use Cases
- **Intraday Trading**: Traders who want to restrict their trades to specific weekdays and trading sessions.
- **Strategy Integration**: Users can integrate the signals from this indicator into broader trading strategies or other Pine Scripts using the signals as an external reference to an input.
#### Limitations
- **Time Zone Settings**: Incorrect time zone settings can lead to misaligned signals.
- **Trading Sessions**: Signals are limited to the defined trading session hours, which may not cover all market conditions.
#### Final Thoughts
The "Weekday Signal " indicator is a tool for traders looking to refine their entry and exit points based on specific days and sessions. By leveraging customizable time zones and trading sessions, traders can refine their strategic execution.
#### Disclaimer
This indicator is for educational purposes only and should not be construed as financial advice. Trading involves risk, and you should consult with a qualified financial advisor before making any trading decisions.
