Chande Momentum Oscillator (CMO) Buy Sell Strategy [TradeDots]The "Chande Momentum Oscillator (CMO) Buy Sell Strategy" leverages the CMO indicator to identify short-term buy and sell opportunities.
HOW DOES IT WORK
The standard CMO indicator measures the difference between recent gains and losses, divided by the total price movement over the same period. However, this version of the CMO has some limitations.
The primary disadvantage of the original CMO is its responsiveness to short-term volatility, making the signals less smooth and more erratic, especially in fluctuating markets. This instability can lead to misleading buy or sell signals.
To address this, we integrated the concept from the Moving Average Convergence Divergence (MACD) indicator. By applying a 9-period exponential moving average (EMA) to the CMO line, we obtained a smoothed signal line. This line acts as a filter, identifying confirmed overbought or oversold states, thereby reducing the number of false signals.
Similar to the MACD histogram, we generate columns representing the difference between the CMO and its signal line, reflecting market momentum. We use this momentum indicator as a criterion for entry and exit points. Trades are executed when there's a convergence of CMO and signal lines during an oversold state, and they are closed when the CMO line diverges from the signal line, indicating increased selling pressure.
APPLICATION
Since the 9-period EMA smooths the CMO line, it's less susceptible to extreme price fluctuations. However, this smoothing also makes it more challenging to breach the original +50 and -50 benchmarks.
To increase trading opportunities, we've tightened the boundary ranges. Users can customize the target benchmark lines in the settings to adjust for the volatility of the underlying asset.
The 'cool down period' is essentially the number of bars that await before the next signal generation. This feature is employed to dodge the occurrence of multiple signals in a short period.
DEFAULT SETUP
Commission: 0.01%
Initial Capital: $10,000
Equity per Trade: 80%
Signal Cool Down Period: 5
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
Strategytester
FreedX Backtest█ Our strategy template empowers TradingView users to effortlessly backtest any indicator, enhancing their trading strategy's effectiveness. In addition, users can create automated webhook alerts from the template. This document details our template's features and how to utilize them effectively.
█ TRADE DATE SETTINGS
The Trading Date Settings feature in our TradingView script allows you to refine their backtesting parameters by specifying trading dates and hours. This feature enhances the accuracy of the backtest by aligning it with specific time frames and days, ensuring that the strategy is tested under relevant market conditions.
Features:
⚙️ Enable Trading Between Specific Dates:
🎯 Purpose:
→ Allows you to limit the backtesting of their strategy to a specific date range.
💡 How to Use:
→ Input the Start Date and End Date for the backtest period.
→ The script will execute the strategy only within this specified date range.
⚙️ Enable Trading Between Specific Hours:
🎯 Purpose:
→ Allows you to limit the backtesting of their strategy to a specific hour range.
💡 How to Use:
→ Input the start and end hour for in Trading Session section.
→ The script will execute the strategy only within this specified hour range.
⚙️ Enable Trading on Specified Days of the Week:
🎯 Purpose:
→ Gives you the option to conduct backtesting on selected days of the week, tailoring the strategy to particular market behaviours that may occur on these days.
💡 How to Use:
→ Select the days of the week for the backtest.
→ The script will activate the trading strategy only on these chosen days.
█ BUY/SELL TRIGGER SETTINGS
The Buy/Sell Trigger Settings feature is designed to provide users with flexibility in defining the conditions for 'LONG' and 'SHORT' signals based on various indicator types. This customization is crucial for tailoring strategies to different trading styles and market conditions.
Features:
⚙️ Single-Line Plotted Indicators :
🎯 Purpose:
→ Enables you to select a single-line plotted indicator as a source for backtesting. You can define specific levels to trigger 'LONG' or 'SHORT' signals.
💡 How to Use:
→ Choose a Single-Line Plotted indicator as the source.
→ Set the top and bottom levels for the indicator.
→ The script triggers 'LONG' signals at the bottom level and 'SHORT' signals at the top level.
⚙️ Two-Line Plotted Indicators :
🎯 Purpose:
→ Allows backtesting with two-line cross plot sources. Signals are generated based on the crossover of these lines.
💡 How to Use:
→ Select two lines as 'Source 1' and 'Source 2' for the indicator.
→ The script triggers a 'LONG' signal when 'Source 1' crosses above 'Source 2'.
→ Conversely, a 'SHORT' signal is triggered when 'Source 2' crosses above 'Source 1'.
⚙️ Custom Signals :
🎯 Purpose:
→ This setting enables users to define their own criteria for LONG, SHORT, and CLOSE signals based on custom indicator outputs.
💡 How to Use:
→ Select the custom source for your signals.
→ Define the output values that correspond to each signal type (e.g., “1” for 'LONG', “-1” for SHORT, and “0” for CLOSE).
→ The script will trigger signals according to these custom-defined values.
█ TP/SL SETTINGS
The TP/SL (Take Profit/Stop Loss) Settings feature is designed to give users control over their profit securing and risk mitigation strategies. This feature allows for setting custom TP and SL levels, which can be critical in managing trades effectively.
Features:
Custom TP/SL Levels for Long/Short Signals:
🎯 Purpose:
→ Enables users to set specific percentage levels for Take Profit and Stop Loss on long and short signals.
💡 How to Use:
→ In the TP/SL Settings, input the desired percentage for Take Profit (TP) and Stop Loss (SL).
→ For example, to secure a profit at a 10% price increase on LONG signals, set the “Long TP Percentage” to “10”.
█ STRATEGY SETTINGS
Strategy Settings provide a range of options to customize the trading strategy. These settings include leverage, drawdown limits, position direction changes, and more, allowing users to tailor their strategy to their risk tolerance and market view.
Features:
⚙️ Enable Leverage :
🎯 Purpose:
→ Allows users to apply leverage to their trades.
☢️ Caution:
→ High leverage can significantly increase the risk of liquidation.
→ High leverage and a high stop-loss price may override your fixed stoploss percentage, adjusting the stop-loss to the liquidation price.
💡 How to Use:
→ Set the desired leverage ratio in the Strategy Settings.
⚙️ Enable Drawdown Limit:
🎯 Purpose:
→ Sets a maximum drawdown limit, automatically halting the strategy if this limit is reached, thereby controlling risk.
💡 How to Use:
→ Input the maximum drawdown limit (default: 100, min: 0, max: 100).
⚙️ Enable Reverse Position:
🎯 Purpose:
→ Automatically closes a current position and opens a new one in the opposite direction upon detecting a signal for a market trend change.
🎯 Example:
→ If a LONG signal is received while in a SHORT position, the script will close the SHORT position and open a LONG position.
💡 How to Use:
→ Activate this feature in the Strategy Settings.
⚙️ Enable Spot Mode:
🎯 Purpose:
→ Disables short orders, using short signals only for closing long positions.
💡 How to Use:
→ Select the 'Spot Mode' option in the Strategy Settings.
⚙️ Enable Invert Signals:
🎯 Purpose:
→ Inverts all indicator signals, changing LONG signals to SHORT and vice versa.
💡 How to Use:
→ Opt for the 'Invert Signals' feature in the Strategy Settings.
⚙️ Enable Trailing Stop:
🎯 Purpose:
→ Triggers a trailing stop order on the exchange instead of a standard stop market order.
☢️ Caution:
→ The backtesting of this feature on TradingView may not accurately reflect actual strategy performance due to discrepancies between TradingView and exchange mechanisms.
💡 How to Use:
→ Select 'Trailing Stop' in the Strategy Settings.
█ ADVANCED STRATEGY SETTINGS
Advanced Strategy Settings offer sophisticated methods for managing Stop Loss (SL) and Take Profit (TP) using the Average True Range (ATR). These settings are ideal for traders who want to incorporate volatility into their exit strategies.
Features:
⚙️ Enable ATR Stop Loss:
🎯 Purpose:
→ Automatically sets the Stop Loss price using the Average True Range at the time of entry.
💡 How to Use:
→ Activate 'ATR Stop Loss' to have the SL price calculated based on the current ATR.
⚙️ Enable ATR Take Profit:
🎯 Purpose:
→ Sets the Take Profit price based on the Average True Range at the time of entry.
💡 How to Use:
→ Choose 'ATR Take Profit' for TP price determination using ATR.
⚙️ Enable ATR Trailing Stop:
🎯 Purpose:
→ Dynamically updates the Stop Loss price with each new bar, according to the Average True Range.
💡 How to Use:
→ Activate 'ATR Trailing Stop'.
→ Set the ATR Period to define the number of bars for ATR calculation.
→ Adjust the ATR SL Multiplier to determine the stop loss distance.
→ Modify the ATR TP Multiplier for setting the take profit distance.
█ TREND FILTERING SETTINGS
Trend Filtering Settings are designed to align trading strategies with the prevailing market trend, enhancing the precision of trade entries and exits. These settings utilize moving averages for trend analysis and decision-making.
Features:
⚙️ Enable Trend Filtering:
🎯 Purpose:
→ Limits trades based on moving average trends, blocking short trades in an uptrend and vice versa.
💡 How to Use:
→ Enable 'Trend Filtering'.
→ Set Fast and Slow MA Lengths for trend analysis.
→ Select the Timeframe for moving averages.
→ Choose the Moving Average Type for trend filtering.
🎯 Note:
→ Be cautious with timeframe selections; lower timeframes than the base may cause inconsistencies.
⚙️ Enable Exit on Trend Reversal:
🎯 Purpose:
→ Automatically closes a position when a market trend reversal is detected.
💡 How to Use:
→ Turn on 'Exit on Trend Reversal' in the settings.
⚙️ Enable Trend Drawing On Chart:
🎯 Purpose:
→ Visually represents the trend filter directly on the chart for easy reference.
💡 How to Use:
→ Activate 'Trend Drawing On Chart' to see the trend filter overlaid on the trading chart.
█ AUTOMATED ALERT SETTINGS
Automated Alert Settings are designed to integrate your TradingView script with webhook alerts. These settings allow for enhanced strategy execution and management.
Features:
Enable Webhook Alerts:
🎯 Purpose:
→ Trigger BUY, SELL, CHANGE_DIRECTION or MOVE_STOP_LOSS .
💡 How to Use:
→ Enable 'Webhook Alerts' in the settings.
→ Enter your Strategy ID.
→ Optionally, activate 'Override Allocation Percentage' to bypass the preset allocation percentage.
☢️ Caution:
→ Overriding the allocation percentage may result in trade entry errors due to misalignment between entry cost and available balance.
█ DEBUGGING SETTINGS
Debugging Settings are crucial for users who want to analyze and optimize their strategies. These settings provide tools for visualizing alerts on charts and accessing detailed data outputs.
Features:
⚙️ Enable Alert Plotting:
🎯 Purpose:
→ Allows users to visualize trading alerts directly on the chart, aiding in strategy analysis and refinement.
💡 How to Use:
→ Activate 'Alert Plotting' to draw alerts on the chart.
☢️ Caution:
→ It is recommended to disable this feature when creating actual trading alerts, as it can cause latency in signal processing.
⚙️ Enable Debugger Mode:
🎯 Purpose:
→ Facilitates strategy debugging by providing detailed data output in the TradingView Data Window.
💡 How to Use:
→ Turn on 'Debugger Mode' to access real-time data and metrics relevant to your strategy.
█ ADDITIONAL SETTINGS
⚙️ Enable Bar Magnifier
⚙️ Enable Using standard OHLC
Risk Reward Optimiser [ChartPrime]█ CONCEPTS
In modern day strategy optimization there are few options when it comes to optimizing a risk reward ratio. Users frequently need to experiment and go through countless permutations in order to tweak, adjust and find optimal in their data.
Therefore we have created the Risk Reward Optimizer.
The Risk Reward Optimizer is a technical tool designed to provide traders with comprehensive insights into their trading strategies.
It offers a range of features and functionalities aimed at enhancing traders' decision-making process.
With a focus on comprehensive data, it is there to help traders quickly and efficiently locate Risk Reward optimums for inbuilt of custom strategies.
█ Internal and external Signals:
The script can optimize risk to reward ratio for any type of signals
You can utilize the following :
🔸Internal signals ➞ We have included a number of common indicators into the optimizer such as:
▫️ Aroon
▫️ AO (Awesome Oscillator)
▫️ RSI (Relative Strength Index)
▫️ MACD (Moving Average Convergence Divergence)
▫️ SuperTrend
▫️ Stochastic RSI
▫️ Stochastic
▫️ Moving averages
All these indicators have 3 conditions to generate signals :
Crossover
High Than
Less Than
🔸External signal
▫️ by incorporating your own indicators into the analysis. This flexibility enables you to tailor your strategy to your preferences.
◽️ How to link your signal with the optimizer:
In order to be able to analysis your signal we need to read it and to do so we would need to PLOT your signal with a defined value
plot( YOUR LONG Condition ? 100 : 0 , display = display.data_window)
█ Customizable Risk to Reward Ratios:
This tool allows you to test seven different customizable risk to reward ratios , helping you determine the most suitable risk-reward balance for your trading strategy. This data-driven approach takes the guesswork out of setting stop-loss and take-profit levels.
█ Comprehensive Data Analysis:
The tool provides a table displaying key metrics, including:
Total trades
Wins
Losses
Profit factor
Win rate
Profit and loss (PNL)
This data is essential for refining your trading strategy.
🔸 It includes a tooltip for each risk to reward ratio which gives data for the:
Most Profitable Trade USD value
Most Profitable Trade % value
Most Profitable Trade Bar Index
Most Profitable Trade Time (When it occurred)
Position and size is adjustable
█ Visual insights with histograms:
Visualize your trading performance with histograms displaying each risk to reward ratio trade space, showing total trades, wins, losses, and the ratio of profitable trades.
This visual representation helps you understand the strengths and weaknesses of your strategy.
It offers tooltips for each RR ratio with the average win and loss percentages for further analysis.
█ Dynamic Highlighting:
A drop-down menu allows you to highlight the maximum values of critical metrics such as:
Profit factor
Win rate
PNL
for quick identification of successful setups.
█ Stop Loss Flexibility:
You can adjust stop-loss levels using three different calculation methods:
ATR
Pivot
VWAP
This allows you to align risk-reward ratios with your preferred risk tolerance.
█ Chart Integration:
Visualize your trades directly on your price chart, with each trade displayed in a distinct color for easy tracking.
When your take-profit (TP) level is reached , the tool labels the corresponding risk-reward ratio for that specific TP, simplifying trade management.
█ Detailed Tooltips:
Tooltips provide deeper insights into your trading performance. They include information about the most profitable trade, such as the time it occurred, the bar index, and the percentage gain. Histogram tooltips also offer average win and loss percentages for further analysis.
█ Settings:
█ Code:
In summary, the Risk Reward Optimizer is a data-driven tool that offers traders the ability to optimize their risk-reward ratios, refine their strategies, and gain a deeper understanding of their trading performance. Whether you're a day trader, swing trader, or investor, this tool can help you make informed decisions and improve your trading outcomes.
MMI Auto Backtesting StrategyDescription:
A strategy based on ATR with auto-backtesting capabilities, Take Profit and Stop Loss (either Normal or Trailing). It allows you to select ranges of values and step for each parameter, and backtest the strategy on a multitude of input combinations at once. You can alternatively use a constant value for each parameter. The backtesting results strive to be as close as possible to those given by Tradingview Strategy Tester.
The strategy displays a table with results for different input combinations. This has columns showing current input combination as well as the following stats: Net Profit, Number of trades, % of Profitable trades, Profit Factor, Max Drawdown, Max Runup, Average Trade and Average number of bars in a trade.
You can sort the table by any column (including sorting by multiple columns at the same time) to find, for example, input combination that gives highest Net Profit (or, if sorting by multiple columns, to find input combination with the best balance of Net Profit and % of Profitable trades). You can filter by any column as well (or multiple columns at the same time), using logical expressions like "< value", "> value", "<= value", ">= value". And you can use logical expressions like "< value%" for Net Profit, Max Drawdown, Max Runup and Average trade to filter by percentage value. You will see a "↓" symbol in column's header if that column is sorted from Highest to Lowest, a "↑" symbol if it's sorted from Lowest to Highest and a "𐕢" symbol if that column is being filtered.
The table has customisable styles (like text color, background color of cells, etc.), and can show the total number of backtested combinations with the time taken to test them. You can also change Initial Capital and Position Size (either Contracts, Currency or % of Equity).
Parameters:
The following parameters are located in the "INPUTS (USUAL STRATEGY)" group, and control the behaviour of strategy itself (not the auto-backtesting functionality):
- Period: ATR Length
- Multiplier: ATR Multiplier
- DPO: length of the filtering moving average
- SL: stop loss
- TP: take profit
- Use Stop Loss: enable stop loss
- Stop Loss Mode: stop loss mode (either Normal or Trailing)
- Use Take Profit: enable take profit
- Wicks: use high & low price, or close price
The strategy also has various parameters separated by different groups:
- INPUTS (AUTO-BACKTESTING): has the same parameters as the "INPUTS (USUAL STRATEGY)" group, but controls the input combinations for auto-backtesting; all the numeric parameters have 3 values: F/V (from), T (to) and S (step); if the checkbox to the left of F/V parameter is off, the value of F/V will indicate the constant value used for that parameter (if the checkbox is on, the values will be from F/V to T using step S)
- STRATEGY: contains strategy related parameters like Initial Capital and Position Size
- BACKTESTING: allows you to display either Percentage, Absolute or Both values in the table and has checkboxes that allow you to exclude certain columns from the table
- SORTING: allows you to select sorting mode (Highest to Lowest or vice versa) and has checkboxes in case you want to sort by multiple columns at the same time
- FILTERING: has a text field for each column of the strategy where you can type logical expressions to filter the values
- TABLE: contains styling parameters
Many parameters have the "(i)" description marker, so hover over it to see more details.
Problems:
- The script works best on lower timeframes and continuous markets (trades 24/7), in other cases the backtesting results may vary from those that Tradingview shows
- The script shows closest results when Take Profit and Stop Loss are not used
- Max Runup percentage value is often wrong
Limitations:
- As we are limited by the maximum time a script can be running (which is 20s for Free plan and 40s for Paid plans), we can only backtest several hundreds of combinations within that timeframe (though it depends on the parameters, market and timeframe of the chart you use)
Hobbiecode - SP500 IBS + HigherThis is a simple strategy that is working well on SPY but also well performing on Mini Futures SP500. The strategy is composed by the followin rules:
1. Today is Monday.
2. The close must be lower than the close on Friday.
3. The IBS must be below 0.5.
4. If 1-3 are true, then enter at the close.
5. Sell 5 trading days later (at the close).
If you backtest it on Mini Futures SP500 you will be able to track data from 1993. It is important to select D1 as timeframe.
Please share any comment or idea below.
Have a good trading,
Ramón.
Grid Spot Trading Algorithm V2 - The Quant ScienceGrid Spot Trading Algorithm V2 is the last grid trading algorithm made by our developer team.
Grid Spot Trading Algorithm V2 is a fixed 10-level grid trading algorithm. The grid is divided into an accumulation area (red) and a selling area (green).
In the accumulation area, the algorithm will place new buy orders, selling the long positions on the top of the grid.
BUYING AND SELLING LOGIC
The algorithm places up to 5 limit orders on the accumulation section of the grid, each time the price cross through the middle grid. Each single order uses 20% of the equity.
Positions are closed at the top of the grid by default, with the algorithm closing all orders at the first sell level. The exit level can be adjusted using the user interface, from the first level up to the fifth level above.
CONFIGURING THE ALGORITHM
1) Add it to the chart: Add the script to the current chart that you want to analyze.
2) Select the top of the grid: Confirm a price level with the mouse on which to fix the top of the grid.
3) Select the bottom of the grid: Confirm a price level with the mouse on which to fix the bottom of the grid.
4) Wait for the automatic creation of the grid.
USING THE ALGORITHM
Once the grid configuration process is completed, the algorithm will generate automatic backtesting.
You can add a stop loss that destroys the grid by setting the destruction price and activating the feature from the user interface. When the stop loss is activated, you can view it on the chart.
[MT] Strategy Backtest Template| Initial Release | | EN |
An update of my old script, this script is designed so that it can be used as a template for all those traders who want to save time when programming their strategy and backtesting it, having functions already programmed that in normal development would take you more time to program, with this template you can simply add your favorite indicator and thus be able to take advantage of all the functions that this template has.
🔴Stop Loss and 🟢Take Profit:
No need to mention that it is a Stop Loss and a Take Profit, within these functions we find the options of: fixed percentage (%), fixed price ($), ATR, especially for Stop Loss we find the Pivot Points, in addition to this, the price range between the entry and the Stop Loss can be converted into a trailing stop loss, instead, especially for the Take Profit we have an option to choose a 1:X ratio that complements very well with the Pivot Points.
📈Heikin Ashi Based Entries:
Heikin Ashi entries are trades that are calculated based on Heikin Ashi candles but their price is executed to Japanese candles, thus avoiding false results that occur in Heikin candlestick charts, this making in certain cases better results in strategies that are executed with this option compared to Japanese candlesticks.
📊Dashboard:
A more visual and organized way to see the results and necessary data produced by our strategy, among them we can see the dates between which our operations are made regardless if you have activated some time filter, usual data such as Profit, Win Rate, Profit factor are also displayed in this panel, additionally data such as the total number of operations, how many were gains and how many losses, the average profit and loss for each operation and finally the maximum profits and losses followed, which are data that will be very useful to us when we elaborate our strategies.
Feel free to use this template to program your own strategies, if you find errors or want to request a new feature let me know in the comments or through my social networks found in my tradingview profile.
| Update 1.1 | | EN |
➕Additions: '
Time sessions filter and days of the week filter added to the time filter section.
Option to add leverage to the strategy.
5 Moving Averages, RSI, Stochastic RSI, ADX, and Parabolic Sar have been added as indicators for the strategy.
You can choose from the 6 available indicators the way to trade, entry alert or entry filter.
Added the option of ATR for Take Profit.
Ticker information and timeframe are now displayed on the dashboard.
Added display customization and color customization of indicator plots.
Added customization of display and color plots of trades displayed on chart.
📝Changes:
Now when activating the time filter it is optional to add a start or end date and time, being able to only add a start date or only an end date.
Operation plots have been changed from plot() to line creation with line.new().
Indicator plots can now be controlled from the "plots" section.
Acceptable and deniable range of profit, winrate and profit factor can now be chosen from the "plots" section to be displayed on the dashboard.
Aesthetic changes in the section separations within the settings section and within the code itself.
The function that made the indicators give inputs based on heikin ashi candles has been changed, see the code for more information.
⚙️Fixes:
Dashboard label now projects correctly on all timeframes including custom timeframes.
Removed unnecessary lines and variables to take up less code space.
All code in general has been optimized to avoid the use of variables, unnecessary lines and avoid unnecessary calculations, freeing up space to declare more variables and be able to use fewer lines of code.
| Lanzamiento Inicial | | ES |
Una actualización de mi antiguo script, este script está diseñado para que pueda ser usado como una plantilla para todos aquellos traders que quieran ahorrar tiempo al programar su estrategia y hacer un backtesting de ella, teniendo funciones ya programadas que en el desarrollo normal te tomaría más tiempo programar, con esta plantilla puedes simplemente agregar tu indicador favorito y así poder aprovechar todas las funciones que tiene esta plantilla.
🔴Stop Loss y 🟢Take Profit:
No hace falta mencionar que es un Stop Loss y un Take Profit, dentro de estas funciones encontramos las opciones de: porcentaje fijo (%), precio fijo ($), ATR, en especial para Stop Loss encontramos los Pivot Points, adicionalmente a esto, el rango de precio entre la entrada y el Stop Loss se puede convertir en un trailing stop loss, en cambio, especialmente para el Take Profit tenemos una opción para elegir un ratio 1:X que se complementa muy bien con los Pivot Points.
📈Entradas Basadas en Heikin Ashi:
Las entradas Heikin Ashi son operaciones que son calculados en base a las velas Heikin Ashi pero su precio esta ejecutado a velas japonesas, evitando así́ los falsos resultados que se producen en graficas de velas Heikin, esto haciendo que en ciertos casos se obtengan mejores resultados en las estrategias que son ejecutadas con esta opción en comparación con las velas japonesas.
📊Panel de Control:
Una manera más visual y organizada de ver los resultados y datos necesarios producidos por nuestra estrategia, entre ellos podemos ver las fechas entre las que se hacen nuestras operaciones independientemente si se tiene activado algún filtro de tiempo, datos usuales como el Profit, Win Rate, Profit factor también son mostrados en este panel, adicionalmente se agregaron datos como el número total de operaciones, cuantos fueron ganancias y cuantos perdidas, el promedio de ganancias y pérdidas por cada operación y por ultimo las máximas ganancias y pérdidas seguidas, que son datos que nos serán muy útiles al elaborar nuestras estrategias.
Siéntete libre de usar esta plantilla para programar tus propias estrategias, si encuentras errores o quieres solicitar una nueva función házmelo saber en los comentarios o a través de mis redes sociales que se encuentran en mi perfil de tradingview.
| Actualización 1.1 | | ES |
➕Añadidos:
Filtro de sesiones de tiempo y filtro de días de la semana agregados al apartado de filtro de tiempo.
Opción para agregar apalancamiento a la estrategia.
5 Moving Averages, RSI, Stochastic RSI, ADX, y Parabolic Sar se han agregado como indicadores para la estrategia.
Puedes escoger entre los 6 indicadores disponibles la forma de operar, alerta de entrada o filtro de entrada.
Añadido la opción de ATR para Take Profit.
La información del ticker y la temporalidad ahora se muestran en el dashboard.
Añadido personalización de visualización y color de los plots de indicadores.
Añadido personalización de visualización y color de los plots de operaciones mostradas en grafica.
📝Cambios:
Ahora al activar el filtro de tiempo es opcional añadir una fecha y hora de inicio o fin, pudiendo únicamente agregar una fecha de inicio o solamente una fecha de fin.
Los plots de operaciones han cambiados de plot() a creación de líneas con line.new().
Los plots de indicadores ahora se pueden controlar desde el apartado "plots".
Ahora se puede elegir el rango aceptable y negable de profit, winrate y profit factor desde el apartado "plots" para mostrarse en el dashboard.
Cambios estéticos en las separaciones de secciones dentro del apartado de configuraciones y dentro del propio código.
Se ha cambiado la función que hacía que los indicadores dieran entradas en base a velas heikin ashi, mire el código para más información.
⚙️Arreglos:
El dashboard label ahora se proyecta correctamente en todas las temporalidades incluyendo las temporalidades personalizadas.
Se han eliminado líneas y variables innecesarias para ocupar menos espacio en el código.
Se ha optimizado todo el código en general para evitar el uso de variables, líneas innecesarias y evitar los cálculos innecesarios, liberando espacio para declarar más variables y poder utilizar menos líneas de código.
Boom Hunter Pro Strategy by The Accumulation ZoneHey guy's it's Matt from the Accumulation Zone here with a new Strategy for you guys to try out!
The Indicators used in this Strategy:
-> Boom Hunter Pro by veryfid
-> Hull Suite by InSillico
-> Volatility Oscillator by veryfid
Long Entry Conditions:
-> Bullish Crossover on Boomhunter Pro
-> Price closing above green Hull Suite
-> Volatility Spike to the upside
Short Entry Conditions:
-> Bearish Crossover on Boomhunter Pro
-> Price closing below red Hull Suite
-> Volatility Spike to the downside
Risk to Reward Ratio: 1.5
Stop/Loss Method: ATR based
Optional Filters:
- Session Filter
- Date Filter
- EMA Filter
Indicator Settings:
Hull Suite: Length = 200 , Multiplier = 3
Boom Hunter Pro: Only Quotient 2 and Quotient 1 in Style Section
Systematic Investment PlanTradingview default strategy tester has few limitations. To name some:
Tradingview default strategy tester does not have option for periodic investment.
Does not allow reduce and refill kind of operations.
Comparison to buy and hold equity does not take into consideration on number of days invested
Hence, I created this as base for my further experiments with respect to strategies involving market timing.
Settings are quite simple and self explanatory.
Indicators & Conditions Test Framework [DTU]Hello All,
This script is a framework to build strategies by combining indicators and conditions (long, short, exits). You are able to analyze your strategies in realtime by changing the input parameters related to indicators, conditions and their combinations.
OVERVIEW
With this Study/Strategy framework, you will be able to create strategy conditions, display them on the chart, and test them using existing indicators as well as external and custom indicators that you can add.
The main purpose of the Framework is to choose your indicators to be used in the conditions and test your strategy by producing your "Long, short, Exit long, Exit short" combinations.
Although may be, it can be a bit difficult and complicated at first start, but you can understand the logic on its use in a very short time.
Notes:
I removed external links off descriptive images and video to be comply with Trading view violation House Rules
Since I am new in the community and still trying to understand the pine script language I can make errors and violations on my script. Please Inform me on any issue that I made..
HOW TO
STEP 1: SETTINGS ______________________________________________________________________________________________________
SOURCE, TIMEFRAME, SECURITY
Select the Source, timeframe and Secure type that your indicators will use.
Here, the Secure entry consists of 3 parts and the f_security function is used to determine it.
a)Secure
This option is defined as reducing repaint in tradingview calculations as much as possible. The following function is used.
request.security(_symbol, _res, _src , lookahead=barmerge.lookahead_on)
b)Semi Secure
While this option can reduce repaint in tradingview calculations as much as possible, it is less secure. The following function is used.
request.security(_symbol, _res, _src )
c)Repaint
This option turns on the repaint feature. The following function is used.
request.security(_symbol, _res, _src ) : na
Ind Source:
You can the source that indicators will use their own calculations
Ext Source:
You can import external Indicator sources from here . It appears on condition/combination area as "EXT".
To export the External indicator plot it with a title. It will be visible in source dropdown input
PERIOD , ALERTS...
Period:
Determine your strategy testing period by selecting start and end date/time
(!!! According to your tradingview subscription, it takes the last 5000, 10000.. bars.
The extra bar option may cause problems such as not appearing in the calculations or errors).
Plot Alerts:
Plot condition result as alerts arrows on the chart's bottom for "LONG" and the top for "SHORT" entries, exits
Close on opposite:
When selected, a long entry gets closed when a short entry opens and vice versa
Show Profit:
It appears if script is in strategy mode (not in study) this can display current or open profit for better reanalyzing your strategy entry exit points. (Currently under development)
PLOT TYPE OPERATIONS
This option has 4 entries
a) Mult
Sets the multiplier for the selected Plot Type (stochastic, Percentrank, Org Range (-1,1) ) except for "Original" in the range (-1,1).
EXAMPLE: When 1000 is selected, the indicator in the range of (-1,1) will appear in the range of (-1000, 1000) on the screen.
b) Shift
It determines the shift that will appear on the screen for the selected Plot Type (stochastic, Percentrank,Org Range (-1,1) ) in the range (-1,1) other than "Original".
EXAMPLE: When Shift:35000 and mult:1000 are selected, the indicator will appear in the range (34000, 36000) on the screen.
c) Smooth
This option (only for Stochastic & PercentRank) allows to smooth the indicator to be displayed.
Here, tradinview ta.swma function is used.
b) hline
Adjusts the horizontal lines to appear on the screen according to the mult factor for the range (-1,1)
The lines represent the values (-1, -05, 0, 05, 1)
STEP 2: INDICATORS ______________________________________________________________________________________________________
You need to choose indicators that you can use in strategy conditions.
Here, the indicators come from the dturkuler/lib_Indicators_DT open script library defined in the code
In addition, you can add the indicators that you will create in the area defined in the code to this list..
You can also import external indicators and test them with other variables on the system..
You can choose a maximum of 5 indicators that you can use in total. (can be increased in new versions)
Indicators are categorized in 3 main sections
Indicator Selection:
You can select your indicators from this area
a)Moving Averages
These are indicators such as EMA, SMA that you can show on the stock. They come from the library.
These indicators are fed from Settings/source. Only the length value can be used as a parameter.
In addition, line colors can be changed..
As of now, there are 28 indicators in the library in total and 5 indicators are left as future use for this field for now.
b)Other Indicators
These are different indicators from the stock value such as RSI, COG. They come from the library. These indicators are fed from Settings/source.
Only the length value can be used as a parameter. In addition, line colors can be changed.
As of now, there are 24 indicators in the library in total and 5 indicators are left as a future use for this field for now.
c)Custom Indicators
These indicators are the ones you can create by programming yourself in the source code..
The area at the bottom of the settings screen is reserved for the parameters of this type of indicators.
Indicator Length:
You can update your selected indicator length value from here. (Not: it doesn't work for custom indicators since they have their parameter on cust. Ind. input screen )
Indicator Plot Type:
Next to the indicators, there is an input selection field about how they will be displayed on the screen.
a)Original
The indicator is displayed on the screen with its current values. It is an ideal solution for displaying moving average indicators such as (EMA, SMA) over current stock.
Since the values of indicators such as (RSI, COB) are low (-100,100 : -1.1), they appear at the bottom of the screen and make analysis difficult.
For this reason, other options may be more suitable for these.
b)Stochastic
The indicator is displayed on the screen with stochastic calculation in the range of -1.1.
It uses the stochastic(50) calculation method to spread indicators such as (RSI, COB) over the range (-1,1).
Indicators in this selection can be fixed and monitored under stock on the screen with the parameters under the Plot Type section.
You can see the original values of the relevant indicator on the Data Window screen.
(!!! Do not use the values on the chart in your condition calculations. Instead, get the values from Data Window)
c)PercentRank
The indicator is displayed on the screen with stochastic calculation in the range of -1.1. .
Since the values of indicators such as (RSI, COB) are low (-100,100 : -1.1), they appear at the bottom of the screen and make analysis difficult.
Indicators in this selection can be fixed and monitored under stock on the screen with the parameters under the Plot Type section.
You can see the original values of the relevant indicator on the Data Window screen
((!!! Do not use the values on the chart in your condition calculations. Instead, get the values from Data Window)
d)Org Range (-1,1)
If your indicator is in the range of -1.1, your indicator will be displayed on the screen with its original calculation in the range of -1.1.
Indicators in this selection can be fixed and monitored under stock on the screen with the parameters under the Plot Type section.
You can see the original values of the relevant indicator on the Data Window screen.
(!!! Do not use the values on the chart in your fitness calculations. Instead, get the values from Data Window)
STEP 2 NOTES:
STEP 3: CONDITIONS ______________________________________________________________________________________________________
After choosing the indicators you will use in the conditions, you move on to the "CONDITIONS" section.
There are 4 conditions type here.
• LONG ENTRY CONDITION
• SHORT ENTRY CONDITION
• LONG CLOSE CONDITION
• SHORT CLOSE CONDITION
The use of each condition is the same.
There are 3 combinations you can use in each condition. (can be increased in new versions)
a)COMBINATIONS
There are 3 combinations you can use in each condition. (can be increased in new versions)
Each combination are build from 4 parts
1)1st Indicator
If set to "NONE" this combination will not be used on calculations. You can select
IND1-5: from indicators (See above),
EXT: value from externally imported indicator
Stock built-in values: close, open...
2)Operator
Selected Operator compares 1st Indicator with the 2nd one. You can select different operators such as
crossover, crossunder, cross,>,<,=....
3)2nd Indicator
This indicator will be compared with the 1st one via selected Operator. You can select
IND1-5: from indicators (See above),
VALUE: a float value defined in the combinations value parameter
EXT: value from externally imported indicator
Stock builtin values: close,open...
4)Value
When the 2nd indicator field is "VALUE", value area compares the entered value.
ex: 1st indicator="open", op=">", 2nd indicator="VALUE", value=3000.12 means is(close>3000.12)
In other conditions, it compares the previous values of the indicator.
ex: 1st indicator="open", op=">" 2nd indicator is "close" and value is 2 means is(open>close )
EXAMPLES:
indicator 1= "IND1", Operator=">", indicator 2= "IND2" => is(IND1>IND2)
indicator 1= "IND1", Operator=">", indicator 2= "VALUE", "0.1" => is(IND1>0.9)
indicator 1= "IND2", Operator="crossover", indicator 2= "IND1" => is(IND2 crossover IND1) : like a=ta.crossover(IND2, IND1)
indicator 1= "IND1", Operator="<", indicator 2= "close" => is(IND1>close)
indicator 1= "IND1", Operator="<", indicator 2= "EXT" => is(IND1>EXT) , EXT mean external imported indicator that define on settings section
indicator 1= "IND1", Operator="<", indicator 2= "IND1", Value="1" => is (IND1>IND1 )
b)JOIN COMBINATIONS
Each combination in Condition is compared with the next one via JOIN operator
The join operator can be selected as AND or OR.
Examples:
1st combination= is(IND1>0.9) true
2nd combination= is(IND2 crossover IND1) false
1st combination "AND" 2ndcombination" => false (is(IND1>0.9) AND is(IND2 crossover IND1))
1st combination "OR" 2nd combination" => true (is(IND1>0.9) OR is(IND2 crossover IND1))
STEP 3 NOTES:
When the 2nd indicator field is "VALUE", value area compares the entered value. In other conditions, it compares the previous values of the indicator.
In cases where "VALUE" is not selected, integer values must be entered in this field. (float should not be entered. ie 1, 2 should be entered)
!!!If the 1st indicator is "NONE" in the combination, that combination is cancelled.
Each combination returns true/false, allowing the selected value to be compared with another value
Example: EMA(21)>EMA(50) returns true under all conditions or (EMA(21) crossover EMA(50)) returns true when passed.
You can use , Value of 5 indicators (IND1-IND5) or (VALUE) that you have defined in combinations or import indicator (EXT) or stock values (close, open, high...) in your calculations.
combination Compares the 1st indicator with 2nd indicator via the operator.
STEP 4: CUSTOM INDICATORS ______________________________________________________________________________________________________
There is an area in the code for designing Custom Indicators.
Here you can design your own indicators and use them in the framework.
You can also create unlimited parameters for your indicators in the SETTINGS custom indicator field.
For now, only 3 Custom indicators have been defined.
Examples are entered in the code for custom indicators.
STEP 4 NOTES:
Including / updating custom to the code is explained in the source code
• LIMITATIONS:
!!! According to your tradingview subscription, it takes the last 5000, 10000.. bars. More bar options may cause problems such as not appearing in the calculations or errors.
• RAMBLINGS:
• NOTES [ /i]
This Script can be used as an indicator if the last strategy parts in the code are commented out and converted to the initial strategy study.
It was originally prepared for my use with my own strategy framework and has export functions accordingly.
When integrated to my own strategy framework it brings many more features over strategy definition of trades.
• TODO [ /i]
TODO: Add tooltips to the settings screen
TODO: Add double triple, Quatr factor for all indicators (convert any indicator to factor2-4 facotr. ex: EMA to DEMA, TEMA, QEMA...)
TODO: Add factorized Fibo avg range indicator (good for trend definition and entry exit points)
TODO: Add bands to the indicator and conditions
TODO: Add debug window for exporting indicator's parameters
TODO: Add isRising(value) isFalling(value), is...(value) .... to combinations (they can be used as custom indicator also
TODO: Reassess condition entry screen for user friendly GUI
TODO: Increase # conditions from 3 to 4
TODO: Reassess strategy entries, exit and close (should be improved)
TODO: Add Alerts, Condiional alerts for indicator (study) part
TODO: Create export function v3 for Pinecoders Indicator framework
• THANKS:
For Pine script format docs RicardoSantos .
For Pine script coding standards Pinecoders .
For moving average script used on library s RodrigoKazuma .
Inferential Statistics And Quick Metrics For Strategy Analysis.Part of this script is used to calculate inferential statistics and metrics not available through the built in variables in the strategy tester.
A label will be created on the last bar displaying important strategy results, so you can test and analyze strategies quicker.
The built in strategy itself is just an example. You can copy and paste the metrics into any existing version 4 strategy and instantly use it**
**Just be sure all the variable names are unique in your target script.
I am looking for critique and would appreciate input on the statistical functions. I am aware that some of these functions are based on the assumption that the data is normally distributed. It's not meant to be perfect, but it is meant to be helpful. So if you think I can add or improve something to make it more helpful, let me know.
Ultimate LOTUS - strategy tester
Welcome to the Ultimate LOTUS - Strategy Tester.
This indicator is used for back-testing. Once you have found settings that you like, you can use my other published indicator "Ultimate LOTUS" to set alerts.
How to use: Apply to any chart, on any time frame. You will see LONG and SHORT signals on the chart. A LONG signal represents an entry/buy in, and a SHORT signal represents an exit/sell.
You can use the Express - Strategy Tester to scalp on low time frames such as the 5m, 15m, 30m etc. Or use it on higher time frames such as the 1hr, 2hr, 4hr.
You can use regular candles but Heikin Ashi are recommended for better accuracy.
You cannot set alerts with this indicator!
