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Daily RangeHey traders, at first thanks to the one and only Master Educator Stefan Kassing for sharing his legendary system with us! And also credit to Mortdiggiddy , RootDuk and PineCoders for helping me with the script =) This script is calculating the daily range (in pips) of the current market you are in, in relation to the last 70 days (10 weeks) . It is used for a possible Take Profit in Stefan Kassing's System . How to add the script to your chart: 1. Click " Add to Favorite Scripts " -> i.imgur.com 2. Go in the Chart & click the little arrow in the upper bar and then click " Daily Range ", then the Daily Range appears in the top left corner -> i.imgur.com To avoid errors make sure to right-click the Y-Axis on the right side of the chart and then left-click "Scale Price Chart Only" . -> i.imgur.com Also be aware that the daily range is only showing up , if you are in the daily time interval or below and you are not hovering with the cursor over the past candles respectively above or below them . If you are using this script in exotic currencypairs or uncommon other markets , the daily range can be incorrect or not showing up . So don't hesitate contacting me , then I will try to add the markets that you want to. To change the color or the decimal places of the number, you can click the gear in the upper left corner. -> i.imgur.com Happy Pips
Pine Script™ indicator
by AndreSolbach
30
X Period High/Low/MidToday we have a simple, but endlessly versatile, indicator that plots the X Period High/Low/Mid of your chosen market. Traditionally the 52 week High/Low is used as a breakout signal. However, by changing to an X period, and adding a midway line, we create a more versatile indicator that can be tailored to various markets. By default it's set at 250 periods (because I like the 250 period moving average), and I generally trade H4 and Daily time frames. But tweak it to your liking, you just have to modify the length periods by your desired time frame and lookback length. E.g. to create a 52 week indicator on the daily time frame, enter a length of 260 in the indicator (5 days per week * 52 weeks = 260). For the above reason, I haven't made this indicator MTF, as there's no real need. However, if users find it easier I can look at adding it later. Also, the mid point between an X period high/low is often a good trend-follower, as well as acting as support/resistance . I encourage you to experiment with different ways of using this indicator. Entire systems (if your risk management is correct) can be built and traded from this one indicator. Good luck. DD
Pine Script™ indicator
by DreamsDefined
13
Mega Trend Plus - S&P 500 Trend Follower / Market GaugeFirstly, 100% of the credit goes to Greg Morris @ Stockcharts.com for the article detailing the concept and most of the settings/components. I've simply implemented his idea. I haven't sought permission from him, but given that he was open with the components of the indicator I'm assuming he's happy for me to go ahead and code this in pinescript. See the article here: stockcharts.com Okay, so this is part of a system/indicator Greg outlined in the article that he calls Trend Gauge. The idea is fairly simple: take a group of indexes that cover the breadth of the market you want to trade, track their relationship/position to their 200 period Exponential Moving Average (EMA), and assign scores to bull/bear crosses + relative location to the EMA. Once you've normalized and aggregated the scores you finish up with a trend following indicator that works surprisingly well. This part is called Mega Trend Plus, and tracks whether an index is above or below its 200 period EMA. I'll be releasing the second part ("Trend Strength") soon. Once that's done I'll combine them to form the full "Trend Gauge" indicator. I decided to provide the base version that people can then experiment with and tweak to their liking, so Greg's version shown in the article is smoother than the one provided here. It's up to you to play with smoothing options, and potentially tweak the weightings of the various components. Please see the script for info on what the various inputs are - I've added notes there. So, how does it do? Well, as you can see from the chart above it works pretty well overall. The S&P 500 has been fairly trendy over the last few decades, so it's been prime territory for a system like this. It would have kept you out of the big bear markets (particularly GFC & 2015-16), and that's the goal of any trend-based system. They thrive on how little they lose, not necessarily on how much they make. As you can see, the indicator is pretty choppy. So it's not designed (in the current configuration) to provide accurate buy/hold/sell signals. It currently functions more as a market gauge / strength indicator. Hopefully you find this concept interesting. It's simple, but the best systems often are. Please add comments below if you come up with an interesting configuration or variation. Let me know if you have any queries. DD
Pine Script™ indicator
by DreamsDefined
3
Volatility System by Wilder [LucF]The Volatility System was created by J. Welles Wilder, Jr. It first appeared in his seminal masterpiece, "New Concepts in Technical Trading Systems" (1978). He describes the system on pp.23-26, in the chapter discussing the first presentation ever of the "Volatility Index", built using a novel way of calculating a value representing volatility that he named Average True Range (ATR). The latter stuck. The system is a pure reversal system (it is always either long or short). One of its characteristics is that its stop strategy moves up and down during a trade, widening the gap from price when volatility (ATR) increases. Because of this, this strategy can suffer large drawdowns and is not for the faint of heart. The strategy uses a length (n) to calculate an ATR. ATR(n) is then multiplied by a factor to calculate the Average Range Constant (ARC). The ARC is then added to the lowest close n bars back to form the high Stop and Reverse points (SAR), and subtracted from the highest close n bars back to calculate the low SAR. Reversals occur when price closes above the high SAR or below the low SAR. The system is best suited to higher time frames: 12H and above. Its performance depends heavily on calibration of the length and ARC factor. Wilder proposes a length of 7 and a factor between 2.8 to 3.1. My summary tests at 12H, 1D and 3D on stocks and cryptos yield better results with values of approximately 9-10/1.8-2.5 for cryptos and 9-10/3.0-4.0 for stocks. Small changes in the values will sometimes yield large variations in results, which I don’t particularly like because it tends to imply fragility, whereas I’d expect more robustness from a system with such simple rules. Additionally, backtests at 1D on cryptos provide so little data that no solid conclusions can be drawn from them. All in all, the system is not very useful in my opinion; I publish it more for completeness, since as far as I can tell, it did not exist on this platform before. I also publish it out of respect for Wilder’s work. His book laid the foundation for many of the building blocks used by system designers, even today. In less than a hundred pages he presented RSI, ATR, DMI, ADXR and the Parabolic SAR indicators, some of which have become built-in functions in programming languages. This is a colossal feat and has not been repeated. Wilder is a monument. Some lesser-known facts about his book: It sells for the exact same price it cost in 1978: 65$, The book has always been published by Wilder himself, The layout hasn’t changed in 40 years, He sells >35K copies/year. Gotta love the guy. The strategy is shown here on BTC /USD with settings of 12/1.8 (the defaults are 9/1.8). It shows the system under its best light. Other markets will most not reproduce such results. Also, the drawdown is as scary as the results are impressive. Features The code is written as a strategy but can easily be converted to an indicator if you want to use the alerts it can produce. Instructions are in the code. You can change the length and ARC factor. You can choose to trade only long or short positions. You can choose to display the SARs (the stops) in multiple ways. You can show trigger markers. A date range can be defined. 3 alerts: reversals (both long and short), longs, shorts. Remember that for the moment, strategies cannot generate alerts in TradingView, so the strategy must be converted to an indicator in order to make the alerts available.
Pine Script™ strategy
by LucF
7
Complete Trend Trading System [Fhenry0331]This system was designed for the beginner trader to make money swing trading. Your losses will be small and your gains will be mostly large. You will show consistent profit. Period. The system works on any security you like to trade. I used GBPUSD as an example because of the up swing and down swing it had recently. I tried to put as much information of how the system works in the chart. Hope it helps and is not to cluttered. I will reiterate how the system works here: Everything is based off of closed price. Legend Uptrend: Buy Green bar: initial start of an uptrend or uptrend continuing. Place order above that bar. If the initial bar does not stray too far from the MVWAP , I will place orders above subsequent bars if no filled occurred. If initial start of the trend is missed, I will wait for the pullback. A pullback is a close below the MVWAP, and a close above the EMA (Low), RSI is above 50. Orders are placed above the pullback bars with plotted char "B" and also plotted green triangle up. Again orders are placed above those bars. the bars do not notate automatic buys. Don't chase anything. You will miss the initial bar on something because of news or earnings and it rocket up. Just wait, it will pullback. If it doesn't, to hell with it, on to the next. Take profits: In the indicator you will see "T." That notates to take some profits. It is a suggestion. I was always told to take profits into spikes, as well as you can never lose money if you take profits. Up to you if you want to scale out and take the suggested profits or not. Exit Completely: In an uptrend, close your entire position on bars colored yellow or red. (Again, closed bars) In uptrend bars colored orange and black, do nothing, they are just pullback bars. Look for the buy pullback signal, then follow pullback buy rules for an uptrend. Downtrend: Short Red bar: initial start of a downtrend or downtrend continuing. Place order below the bar. If the initial bar does not stray too far fro the MVWAP, place orders below subsequent bars. If initial start on the downtrend is missed, wait for the pullback. A pullback is a close above the MVWAP, and close below the EMA(Low). RSI is below 50. Orders are placed below the pullback bars with the plotted char "S" and also plotted red triangle. Again those bars are not automatic shorts, orders are placed below them. Don't chase anything. Wait for price to come into your plan. The idea FOMO is the stupidest thing ever, how can you miss out on something when it is always there. The market is always there and something will come into your zone. Chill. "T": same as in uptrend, suggestion to take some profits. Exit Completely: In a downtrend, close your entire position on bars colored orange or green. In downtrend you will see bars colored yellow and black, do nothing, they are pullback bars. Look for the pullback short signal and follow pullback short rules. If you have any questions get at me. Take a look at it on what you trade. Flip it through different securities. Best of luck in all you do. P.S. You should not take a trade right before earnings. You should also exit a trade right before earnings.
Pine Script™ indicator
by NYBKLYN
36
14/28 Day SMA Divergence and RSI - No RepaintIf you are interested in purchasing my algorithmic trading bot that receives Tradingview indicator alerts via email and then executes them in Bittrex, please visit my product page here: ilikestocks.com Additionally, I would love to create video/blog guides on creating Tradingview scripts or strategies. If you are a knowledgeable in finance or other related fields and would like to be featured on my page, please contact me at tanner@ilikestocks.com. No crossovers were used in this script, and this is likely the reason for the no repaint(Correct me if wrong). This strategy script uses a 14-day SMA signal line, a 28-day SMA and RSI. The strategy works by determining whether the (14-day SMA is above the 28-day SMA and the RSI levels are overbought(below 30)) or RSI is very overbought(below 13 or so). Once either of these conditions have been met, a long position is opened. The initial long position must be partially closed by the take profit first and then the final close is executed if the 14-day signal SMA is below the 28-day SMA; you may also exclusively use take profit to close positions. The green plotted spikes are the initial long position conditions. The orange plotted spikes are take profit signals once a long position is opened. The red plotted spikes are plotted when the SMA 14-day is below the 28-day SMA. Please do leave constructive criticism or comments below because it helps me better create scripts!
Pine Script™ strategy
by tanner314
18
Chauvenet RadiusThe Chauvenet criterion is a well-known criterion of selection and rejection of the data used by the Physics. It establishes that in an experiment is well to discard the data whose distance from the average is greater than a certain number of the delta. In the stock market if prices move away from the average with a volatility too high are suspect. This principle is embodied in the Chauvenet floor with the definition of two asymptotes and two data areas rejection. The Chauvenet Radius is the quadratic sum of the delta (distance from average) and sigmoid (volatility) and is therefore an obvious market stability index. In fact the moments when price strongly moves away from the average with high volatility coincide with the moments of high instability of the market. It can be considered an evolution of John Bollinger method introduced during the '80. Source: www.performancetrading.it
Pine Script™ indicator
by Shizaru
4
Stock Market Trend Analysis Trading System 101 (by ChartArt)This is a very simple trading system which is measuring the core of uptrends and downtrends using three basic elements: Close price, HL2 price, Pivot price. Depending if the uptrend or downtrend is strong, the buy/sell signals are shown in different colors. The stronger trends are in brighter colors (lime and fuchsia). If the trend just fully changed direction from uptrend to downtrend (or vice versa), there is a background color highlight in the color of the new trend direction. The trend detection should work best on monthly charts. I have created this in under an hour. My goal was to use the least amount of rules possible, therefore there are many false signals and the code is quite lazy. You can lose all your money if you rely on these buy/sell signals!
Pine Script™ indicator
by ChartArt
51