Trend & Pullback Toolkit (Expo)█ Overview
The Trend & Pullback Trading Toolkit is an all-encompassing suite of tools designed for serious traders who want a comprehensive trend approach. It empowers traders to align their strategies with prevailing market trends, thereby mitigating risk while maximizing profit potential.
The Toolkit helps traders spot, analyze, and react to market trends, pullbacks, and significant trends. It combines multiple trading methodologies, such as the Elliott Wave theory, cyclical analysis, retracement analysis, strength analysis, volatility analysis, and pivot analysis, to provide a thorough understanding of the market. All these tools can help traders detect trends, pullbacks, and major shifts in the overall trend. By integrating different methodologies, this toolkit offers a multifaceted approach to analyzing market trends.
In essence, the Trend & Pullback Toolkit is the complete package for traders seeking to detect, evaluate, and act upon market trends and pullbacks while being prepared for major trend shifts.
The Trend & Pullback Toolkit works in any market and timeframe for discretionary analysis and includes many oscillators and features, but first, let us define what a cycle is:
█ What is a cycle
This involves the analysis of recurring patterns or events in the market that repeat over a specific period. Cycles can exist in various time frames and can be identified and analyzed with various tools, including some types of oscillators or time-based analysis methods.
Traders must also be aware that cycles do not always repeat perfectly and can often shift, evolve, or disappear entirely.
█ Features & How They Work
Elliott Wave Cycles: This is a method of technical analysis that traders use to analyze financial market cycles and forecast market trends. Elliott Wave theory asserts that markets move in repetitive cycles, which traders can analyze to predict future price movement. The core principle behind the theory is that market prices alternate between an impulsive, or driving phase, and a corrective phase on all time scales of trend. This pattern forms a fractal, meaning it's a self-similar pattern that repeats regardless of the degree or size of the waves.
The Elliott Wave Cycle Feature uses the principle of the Elliott Wave to identify trends and pullbacks in real-time.
Ratio Wave Cycle: This method elaborates on the concept of how negative volatility, or the degree of variation in the negative returns of a financial instrument, influences the effectiveness of a relative price move. Essentially, it delves into the relationship between the negative fluctuations in the market and the resulting relative price change, exploring how the two aspects interact with each other.
The central concept is that trends are generally more stable and predictable than rapid retracements. Therefore, the indicator calculates the relationship between these two market movements. By doing so, it establishes a trend-based identification system. This system aids in forecasting future market movements, allowing traders to make informed decisions based on these predictions. Essentially, it uses the calculated relationship to discern the overall direction (trend) of the market despite temporary counter-movements (retracements), thereby providing a more robust trading signal.
Periodic Wave Cycle: Thi refers to patterns or events in price action that recur over a specific time period. Periodic cycles can range from short-term intraday cycles (like the tendency for stock market volatility to be high at the opening and close of trading) to long-term cycles trend cycles. Traders use this to predict future price movements and trends.
By identifying the phases of a cycle, traders can predict key turning points in the market.
Retracement Cycles: Retracements are temporary price reversals that occur within a larger trend. These retracements are a common occurrence in all markets and timeframes, representing a pause or counter-move within a larger prevailing trend. Retracements can be driven by a variety of factors, including profit-taking, market uncertainty, or a change in market fundamentals. Despite these periodic reversals, the overall trend (upwards or downwards) often continues after the retracement is complete.
Fibonacci retracement functions are primarily used to identify potential retracement levels.
Volatility Cycle: A volatility cycle refers to the periodic changes in the degree of dispersion or variability of a security's returns, expressed as a standard deviation or variance. This feature uses both measures.
Strength Cycle: Gauges the power of a market trend and its inherent impulses. This feature offers a broad perspective on the cyclical nature of markets, which alternate between periods of strength, often referred to as bull markets, and periods of weakness, known as bear markets. It effectively tracks the direction, intensity, and cyclic patterns of market behavior.
Let us define the difference between strength and impulse:
Strength: This refers to the power or force behind a price move. In trading, this refers to the momentum or volume supporting a price move.
Impulse: In the context of trading, an impulse usually refers to a strong move in price. Impulse moves are typically followed by corrective moves against the trend.
Pivot Cycles: Pivot cycles refer to the observation of recurring price patterns or turning points in the market. Pivots can be defined as significant highs or lows that act as potential reversal or support/resistance points. Pivot point analysis helps traders understand the prevailing market sentiment. Overall, pivot cycles provide traders with a framework to identify potential market turning points and price levels of interest.
█ How to use the Trend & Pullback Toolkit
Elliott Wave Cycles
Ratio Wave Cycle
Periodic Wave Cycle
Retracement Cycles
Volatility Cycle:
Strength Cycle
Pivot Cycles
█ Why is this Trend & Pullback Toolkit Needed?
The core philosophy of this toolkit revolves around the popular adage in trading circles: "The trend is your friend." This toolkit ensures that you are always in sync with the trend, thereby increasing the chances of successful trades.
Here's an overview of the key benefits:
Trend Identification: The toolkit includes sophisticated algorithms and indicators that help identify the prevailing trend in the market. These algorithms analyze price patterns, momentum, volume, and other factors to determine the direction and strength of the trend.
Risk Reduction: By enabling traders to trade with the trend, this toolkit reduces the risk of betting against market momentum.
Profit Maximization: Trading with the trend increases the likelihood of successful trades.
Advanced Analysis Tools: The toolkit includes tools that provide a deeper insight into market dynamics. These tools enable a multi-dimensional analysis of market trends, from Elliott Wave cycles and period cycles to retracement cycles, ratio wave cycles, pivot cycles, and strength cycles.
User-friendly Interface: Despite its sophistication, the toolkit is designed with user-friendliness in mind. It allows for customization and presents data in easy-to-understand formats.
Versatility: The toolkit is versatile and can be used across different markets - stocks, forex, commodities, and cryptocurrencies. This makes it a valuable resource for all types of traders.
█ Any Alert Function Call
This function allows traders to combine any feature and create customized alerts. These alerts can be set for various conditions and customized according to the trader's strategy or preferences.
█ In conclusion, The Trading Toolkit is a powerful ally for any trader, offering the capabilities to navigate the complexities of the market with ease. Whether you're a novice or an experienced trader, this toolkit provides a structured and systematic approach to trading.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pullbacktrading
LNL Pullback ArrowsBuying the dip has never been easier! LNL Pullback Arrows are here to pinpoint the best possible entries for the trend following setups. With the Pullback Arrows, trader can pick his own approach and risk level thanks to four different types of arrows. The goal of these arrows is to force the traders to scale in & out of trades which is in my opinion crucial when it comes to trend following strategies. These arrows were designed primarily for the daily & weekly time frame (swing trading).
Four Types of Pullback Arrows:
1. Aggro Arrows - Ideal for aggresive approach during parabolic trends. Sometimes trends are so strong that the price barely revisits the daily 8 EMA. This is where the aggro arrows can perfectly pinpoint the aggresive high risk entries. Ideal for halfsize or 1/4 size of the full position. Aiming for quick 1-2 day moves targeting the recent high/low. These arrows could be also named as scalping arrows for the swing traders. A quick In & Out.
2. HalfSize Arrows - Medium risk approach. First arrows to scale in. HalfSize arrows are the first sign that the pullback might be ending, yet there is still some space left for an even deeper pullback. That is the reason why they are called half-size. Ideally taken with half-sized position. When trading the HalfSize Arrows, It is better to have some "spare ammo in the gun" ready to use.
3. FullSize Arrows - Regular risk approach. These arrows represent a zone where the core of the posititon should be taken. The point of validity for the trend is not that far away, meaning the risk can be kept tight. Ideal for scailing the other halfs or quarters of the full position. Also great for more conservative traders or environments with higher volatility.
4. Rare Arrows - Offer the best risk to reward entries during the trend. Rare Arrows should be the "last kick" of the retracement, therefore stops can be positioned really tight. They either trigger the stop immidiately or they provide another juicy leg up or down in the direction of the trend. However, they really do appear rarely.
Simple EMA Cloud:
A simple cloud based on 21 and 55 exponential moving averages. This default length creates a pullback zone that is wide enough for the conservative traders but also give the opportunities to more aggresive traders. Alternatives such as 8 & 21, or 21 & 34 are forming the zone that is too aggresive and usually too thin. Of course, cloud can be fully adjusted or turned off completely. The only role of the cloud is to gauge the trend.
Tips & Tricks:
1.Importance of the Scailing
- As already stated, scailing is crucial to this since there is no way of knowing the exact level at which the price magically bounce every time. It is hard to tell where and which EMA will be respected. How can we know it will be 21 EMA every time? or 34 EMA or 10 EMA or 100 SMA or 50 DMA ... Single MA does not make a trend. This is the reason why scailing is so important. Scailing can make a difference.
2. Nothing is Perfect
- Same as any other study, nothing works 100% perfectly. Sometimes the setup will go right against you and sometimes the price will fade away sideways and breaks off the structure of the trend. This is not a magic certainty tool. This is just another probability tool.
3. Point of Validity & Other Studies
- Even though the pullback arrows can be a stand-alone strategy. It is important to use other indicators that visualize the actual trend. Whether its EMA Cloud or EMAs or DMI Bars or Keltner Channels, there should be something that validates the trend, something that tells the trend is over. (Pullback Arrows are not showing the actual stops!).
Hope it helps.
GCOV4 PROTECH GCOV4 PROTECH SYSTEM
This indicator is built specifically for SWING, PULLBACK and BREAKOUT strategy trading in the stocks/equity market. It uses an indicator instrument consisting of ATR TRAILING STOP (ATR), EXPONENTIAL MOVING AVERAGE(EMA), PIVOT POINT and VOLUME ANALYSIS.
The parameters that have been upgraded are to meet the needs of trading strategies whether short or long term trading. In addition, it is built to reduce the risk of trading activities and help traders to adhere to the best trading plan.
This transformation involves 3 trading strategy modes namely SWING PRO, PULL & BOUND and BREAKOUT STRATEGY.
Rebuild of Instrument & Parameter
This indicator is also an upgraded instrument that is sourced from the previous indicator, the GOLDENCO AIE2 INDICATOR.
This R&D of course to make trading activities more effective, dynamic and to increase the confidence of traders in current trading activities. The indicator has been upgraded in terms of parameters as well as additional instruments. Among them are;
1. ATR Trailing Stop
2. Exponential Moving Average – fastMA/slowMA Length
3. Label@Entry Price/Stoploss/Takeprofit line;
>The take profit and stop loss rates are based on percentages. However
traders can change the percentage rate according to their respective
trading plans.
>existing percentage rates have been set(build-in) for standard rate.
So you have to reset based on the type of stock/market cap either penny
stock or blue chip stock.
>The candle/bars have been colored to make it easier for traders to see price
trends whether in bullish or bearish conditions.
Hopefully with the upgrading of these indicators will make traders more successful in trading activities, especially in the equity markets.
DISCLAIMER;
ALL NOTES AND INDICATING TOOLS ARE FOR EDUCATIONAL ONLY AND AS A FACILITATOR AND PREPARATION IN TRADING ACTIVITIES. ADMIN IS NOT RESPONSIBLE FOR ANY RISKS IN YOUR TRADING ACTIVITIES. TAKE AT YOUR OWN RISK.
FunTrader/Aieyee @2022
GoldenCO Aie2 Use of GoldenCO Aie2
This market price movement trend analysis uses exponential moving average which is ema5/20/50. The purpose of using this EMA is to find out the effect of price changes that occur and the current trend of the market whether bullish or bearish.
It is suitable for short-term or long-term trading.
for short term trading, the trader uses ema5-ema20 and for long term trading the trader can use ema5-ema50 as analysis.
This indicator serves as a guide to traders in trading activities.
we hope that, by recognizing and knowing the trend of this price movement it can help traders in trading activities well and can reduce risk. May it benefit the trader.
DISCLAIMER : This is not Buy/Sell call, just sharing idea analysis for education. Trade at your own risk.
Extremes (Expo) Extremes (Expo)
DESCRIPTION
This Extreme (Expo) indicator identifies areas where the market is extreme. The length of the extreme calculation can be changed and gives you the flexibility to choose how sensitive the indicator should be. A longer length means that the indicator only identifies bold extremes. A shorter length is more sensitive and thus identifies all extremes in the market.
When the market is in an extreme mode, keep your trade until the extreme mode ends.
Postive extreme is when the price is above the positive extreme lines. (Keep your long trade until the positive extreme ends).
Negative extreme is when the price is below the negative extreme lines. (Keep your short trade until the negative extreme ends).
The Extremes (Expo) can be used to visualize the trend. Price crossing indicates a directional change. Price can also bounce off the extremes lines, which can act as dynamic support and resistance. It is often used in combination with other signals and analysis techniques.
TREND
The indictor has a Trend- feature that can be switched on which identifies trend shifts as well as trend direction.
A positive trend is when all three trendlines are green, and when the price is at least above one of these three lines.
A Negative trend is when all three trendlines are red, and when the price is at least under one of these three lines.
When the color of the trend lines changes color it indicates that the trend might shift direction. When all three trendlines have shifted color a trend is established.
PULLBACK
A bonus feature that is added to the trend-setting is that it can detect pullbacks in trends. This is visualized by that one of the three trendlines change color. For instance, say that all 3 lines are red (negative trend) and one of these lines changes color to green it can be regarded as a pullback in the negative trend.
HOW TO USE
1. Use the indicator to identify extreme areas.
2. Use the indicator to identify trends.
3. Use the indicator to identify trend shifts.
4. Use the indicator to identify pullbacks in trends.
INDICATOR IN ACTION
EXTREMES
BTCUSD
BTCUSD
TESLA
WALL STREET
TREND & PULLBACK
WALL STREET
EURUSD
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Simple TrenderOriginates from:
I was reading some Impulse Trading literature by A. Elder.. In it, someone named Kerry Lovvorn proposed "An End of Day Trend Following System" for someone lazy.
Originally it is just price closing above an 8 ema (low) for long. Exit when price closes below an 8 ema (low). The opposite for a short position.
Conditions: Buy when price closed below ema (low) for two bars or more, then closes above. Opposite for a short position. I do not follow this condition. Though it may help with whipsaw.
My condition is when price closes above the 26 ema (low) (works the best for me) I place orders above the initial crossing bars high. Opposite for lows.
I look for stocks that are low in price to go long on. I want the run from 2's to 15's
I look for stocks that are mid-teens/20's in price to go short on. I want the run from 20's to 2's
I look for stock with news and earnings that are already running (up or down) to play the pullback.
These conditions can easily be scanned for on thinkorswim
From first glance, the system looks like CMsling shotsystem. Although, I plagiarized some parts of the codes, because I am inept when it comes to that shit, it differs as it is not a moving average crossover system.
It is a price crossing over concept. A moving average VWAP is used for best entries on pullbacks.
Purpose:
--To catch the majority of a trend/wave/run.
--To identify pullback areas to go long or short while in midst of trend. To catch pullbacks off news and earning runners.
--To catch the initial start of trend with clear rules to enter
--Clear rules to exit
Issues
--possibilities of getting ninja sliced the fuck up. Can be mitigated by entering stocks with decent average volume. And also only going long above 200 ema and short below it. ADX won't work, at the initial start of the trend it will show not trending. Can look at blow off volume at the bottom followed by increase in buying for long and vice versa for short.
--Can give some huge gains away through gap ups or gap downs from news or earnings during trend. However, can get huge gain on gaps from news or earning. Nature of the game.
--Need some brass balls and a supply of pepto to stomach through some of the pullbacks. Gut wrenching seeing big gains dwindle. But they all even out at the end, you hope. (see NBEV and IGC, and CRON and others. shit don't go in straight lines, homie)
Pros
--It's simple and easy. Overall, you profit
--works with any security
Cons
--It can be stressful.
--does not work well on lower time frames. Do not recommend going below 15 minutes
--Possibility of working on 5 minutes with a time frame breakout strategy (15,30 min).
Couple it with LazyBear "Weis Wave Volume" indicator. Works well for pullback entries.
Enjoy. Ride some waves.
