ETP SignalManager🔍 Overview:
This indicator is a trader's tool used to generate long/short signals. These signals are crafted by customizing specific conditions set up by the trader, depending on their trading system.
🔑 Key Features:
Signal Types: Generates both long and short signals.
Custom Conditions: Users can define up to 10 conditions via SignalManager in order to generate a signal.
Comparison: You can establish conditions by:
Comparing two indicators.
Comparing an indicator against a fixed value.
Comparing default sources such as low, high, close, and open – either between two sources or pairing a source with another indicator.
Using relational operators like >, <, >=, <=, crossing above, and crossing below.
Indicator Selection: For the indicators used in conditions, you can choose from any loaded indicator on your chart.
Condition Relationships: Combine up to 10 conditions using AND or OR.
Visual Alerts: These alerts activate when the specific conditions are met. They can be displayed or hidden using the dedicated options in the indicator settings. The options for visual alerts are:
Background coloring and
Chart-shape drawings
💡 Benefits:
Eliminate the need for programming skills.
Ability to backtest trading signals before investing real funds or before commissioning full programming.
Save on costs from hiring external programming services.
🎯 In Summary:
Combine indicators to obtain the desired trading signal and backtest your trading idea without any programming skill or expertise.
📊 Chart Example:
In the chart below, we utilized a combination of four indicators to generate trading signals:
Indicators Used:
Short-term Smoothed Moving Average (SMMA)
Long-term Smoothed Moving Average (SMMA)
Relative Strength Index (RSI)
On-Balance Volume (OBV)
Additional Rule:
The relation between the close of the current bar and the close of the previous bar.
🔧 Signal Manager Configuration:
For a Long Signal:
Short-term SMMA crosses above the long-term SMMA. This indicates a potential bullish trend.
Simultaneously, RSI is below 70. This condition ensures that the market is not overbought, making it suitable for a long trade.
The OBV blue line is above the OBV orange line from 3 bars back. This 3-bar offset accounts for the lag in the orange line, and it confirms increasing buying pressure following the SMMA crossover.
The close of the current bar should be above the close of the previous bar. This rule adds an extra layer of confirmation to the long trade setup.
For a Short Signal:
Short-term SMMA crosses below the long-term SMMA. This suggests a potential bearish trend.
Simultaneously, RSI is above 30. This condition ensures that the market is not oversold, making it suitable for a short trade.
The OBV blue line is below the OBV orange line from 3 bars back. This 3-bar offset accounts for the lag in the orange line and confirms increasing selling pressure following the SMMA crossover.
The close of the current bar should be below the close of the previous bar. This rule adds an extra layer of confirmation to the short trade setup.
🚨 Visual Alerts: As you can see on the chart, both visual alerts are active: background coloring and chart-shape drawing. Whenever the conditions mentioned above are met, the visual alert will appear on the bar that satisfies those conditions. This visual feedback enhances your ability to identify potential trade setups quickly and effectively.
This example illustrates a combination of indicators employed to generate trading signals. However, it's essential to recognize that the possibilities are vast when it comes to using indicators to create trading conditions. You can leverage any indicator you have loaded on your chart to establish criteria for trade signals. The key lies in understanding your selected indicators and crafting a strategy that aligns with your trading objectives and market analysis.
Please make sure to check your TradingView plan to determine the number of different indicators you can load on your chart. Your plan will dictate how many indicators you can effectively combine within the Signal Manager. Understanding your plan's limitations is crucial to optimizing your trading strategy.
Tradesetup
Swing based support and resistanceThis indicator provided here is for identifying swing-based support and resistance levels. It uses two swing lengths, which can be adjusted by the user, to identify swings in the price data. For each swing length, the script calculates the support level as the low of the swing if the trend is up, or the high of the swing if the trend is down. It then plots the support and resistance levels on the chart, along with buy and sell signals.
The buy and sell signals are generated by comparing the current closing price to the support and resistance levels. If the closing price is above the support level, the script plots a buy signal. If the closing price is below the level, the script plots a sell signal.
To use the script, you would first need to add it to your trading platform. Once it is added, you can configure the swing lengths and other parameters to suit your trading style. You can then apply the script to a chart and begin using the support and resistance levels and buy and sell signals to make trading decisions.
Points to be noted while using the indicator:
# The script is designed to be used on a daily chart. However, you can also use it on other timeframes, such as weekly or monthly charts.
# The swing lengths that you choose will depend on your trading style. If you are a swing trader, you may want to use longer swing lengths. If you are a day trader, you may want to use shorter swing lengths.
# Remember, the support and resistance levels generated by the script are not exact price points. They are rather zones where demand and supply can change. Therefore, you should always use other technical analysis tools and indicators to confirm your trading decisions.
# Overall, the script is a useful tool for identifying swing-based support and resistance levels. It can be used by traders of all experience levels to generate trading ideas and improve their trading performance.
To use the swing-based support and resistance indicator with respect to price, you can follow these steps:
=> Identify the support and resistance levels that have been generated by the indicator.
=> Look for price action that is taking place near these levels.
=> If the price is above the level, look for bullish reversals or continuations.
=> If the price is below the level, look for bearish reversals or continuations.
For Example,
=> Bullish reversal: The price is above the level and forms a bullish candlestick pattern, such as a bullish hammer or engulfing pattern.
=> Bullish continuation: The price is above the level and bounces off of the level.
=> Bearish reversal: The price is below the level and forms a bearish candlestick pattern, such as a bearish hammer or engulfing pattern.
=> Bearish continuation: The price is below the level and rejects the level.
$$ You can also use the indicator to identify potential trading entry and exit points. For example, you could enter a long trade when the price breaks above a resistance level and exit the trade when the price retraces to the resistance level. Or, you could enter a short trade when the price breaks below a support level and exit the trade when the price rallies to the support level.
This swing-based support and resistance indicator is just one tool that you can use to trade. You should always use other technical analysis tools and indicators, such as price action and trend analysis, to confirm your trading decisions.
Additionally:
=> Be aware of the overall trend direction. If the trend is up, you should be looking for bullish reversals or continuations. If the trend is down, you should be looking for bearish reversals or continuations.
=> Use a stop loss order to limit your risk on each trade.
=> Consider using a position sizing strategy to manage your risk.
=> Do your own research and backtest any trading strategy before using it in a live trading environment.
Follow us for timely updates regarding future indicators and give it a like if you appreciate the indicator.
Protervus Trading ToolkitHi Traders! Welcome to Protervus Trading Toolkit (PTT) , a comprehensive set of tools to help you building, backtesting, and even automating your strategy.
Important : the data and screenshots I publish are solely for presentation and explanation purposes and must not be intended as recommendations or guarantees. Please consider eventual backtesting results seen here as almost-random. My goal is not to provide ready-made strategies, signals, or infallible methods, but rather indicators and tools to help you focus on your own research and build a reliable trading plan based on discipline.
BUILD, BACKTEST, AUTOMATE
The first step is to link a chained indicator which will send Entry signals and, optionally, Exit signals: to integrate your own triggers with this toolkit, check out my tutorial and use this code as a template.
Then, in the Trading Settings you can set the Trading Mode (Full - Long and Short, Long only, or Short only) as well as Starting Capital, Drawdown Limit, Risk per Trade, Fees, and the date range in which trading will be enabled and backtested.
Go further by tweaking your strategy with built-in Take Profit and Stop Loss conditions, and keep it under control thanks to the Statistics Panel.
Trades will be shown on the chart, including TP\SL levels (according to the ones you enable) and per-trade statistics:
Tip: point the cursor over TP or SL icon to open the tooltip, showing additional details about the trade.
BUILT-IN CONDITIONS
Note: all conditions already account for fees.
Take Profit \ Stop Loss percentage
Take Profit or Stop at Loss when a fixed percentage is reached.
Limit \ Hard Stop: the trade will be considered closed when that specific price is reached - otherwise, the candle closing price will be used.
Trailing Take Profit
Trail the price and close the trade in profit when it reverses for the chosen percentage.
Engage and Disengage: activate trailing when the price is above the entry price for the chosen percentage, and de-activate it if price goes past the disengage percentage.
Safety TP: close the trade at Break-Even if the price sharply reverses from engaged area to BE level. A specific Alert is available in order to create a separate trigger with immediate effect.
Note: using TP Safety with an Engage % of zero might result in many early exits, so it is recommended to add some margin to Engage % to avoid that.
Exit \ Stop on Opposite Signal
Close the trade when another, contrary signal is received (e.g. close a Long position when a signal to go Short is received).
Exit \ Stop after X candles
Close the trade after X candles, as soon as the condition is met (e.g. for Take Profit condition, it will close the trade after X candles as soon as the trade is in profit).
Bind to TP \ SL: only validate the condition if the current PnL is above (TakeProfit cond.) or below (Stop Loss cond.) the specified percentage.
ATR Stop
Classic ATR Stop Loss.
Trailing ATR
Chase the price by the defined ratio and close the position when the candle closes past the ATR line.
Bind to TP \ SL: only validate the condition if the current PnL is above (TakeProfit cond.) or below (Stop Loss cond.) the specified percentage.
External Signal (sent from your indicator)
Close the position basing on your own triggers, defined in the chained indicator.
- Bind to TP \ SL: only validate the condition if the current PnL is above (TakeProfit cond.) or below (Stop Loss cond.) the specified percentage.
PANEL CUSTOMIZATION AND ADDITIONAL OPTIONS
A strategy name can be assigned in the settings and will show it at the top of the Statistics Panel, so you can better identify and label your tests and live instances.
The panel can be customized in terms of colors, text size and height. It can be also "split" in modular panels that will appear at the bottom of the chart.
It is also possible to show \ hide prices and live data labels as well as position and Break-Even levels. In some cases you will need to limit the display of those plots in order to avoid PineScript calculation issues.
If you limited the plots but you are checking very old trades, you can enable the Legacy position tracker to see basic markers for positions (position is active, and profit \ loss marker).
In the case you will be sending webhook alerts to a trading bot , "Position Alert Failover" will come in aid to prevent situations where the initial trade closing alert is either not sent or missed: it will keep sending the position closing signal for X candles.
PLUGINS
Thanks to the modular nature of PTT, plugins will eventually be available to provide additional features and extend functionalities even further. Make sure to keep an eye on updates.
CREATING ALERTS
To create alerts you must first select the PTT indicator from the "Condition" drop-down menu, then the whole list of available alerts will appear. When creating alerts, please make sure to set "Once Per Bar Close" for the normal conditions, and "Once Per Bar" for safety conditions (Limit and Hard Stop simulation, Trailing TP Safety Trigger).
Besides positions opening and closing alerts, you also have the option to add extra alerts for when a position is open or not open (e.g. Active Long position, No Long Position) - that might come handy when dealing with trading bots and automation tools. Also, as mentioned earlier, you have the chance to create a special alert as failover in order to repeat the closing alert.
TIPS AND RECOMMENDATIONS
Set Visual Order > Bring to front for PTT to avoid other indicators or candles covering up labels.
If you receive errors like "Referencing too many candles" or "Too many drawings", use the " Limit to last candles " function in the Settings panel to lower the number of candles.
If the Statistics Panel or labels are not appearing, and no errors are shown (red circled exclamation mark next to indicator's name), try changing any value in the settings to trigger a new calculation.
The Lowest Point in Trades refers to the maximum movement against your position. However, if the price never goes negative against the Entry level, it will be calculated from the Break-Even level.
Differently from TradingView's Strategy Tester, PTT calculates DrawDown from the Equity line (the starting balance).
Remember that Backtests only show past results, and although very useful to understand if your strategy makes sense, the market can completely change at any moment and ruin your dreams: make sure to avoid over-fitting (using very specific values) in your settings and to prefer more generic values in order to factor broader market situations.
After many successful backtests of your newly created strategy, let it run live without actually trading it for some time (paper trading), and see if it remains valid.
You can use multiple Conditions as safeguard. For example, main Stop condition can be Trailing ATR and secondary Stop condition can be Stop Loss % with Hard Stop, so you will be protected in case of sudden big price moves.
Buy and Sell Signals (With Stops and TP) - No Repaint
This strategy is primarily based on the MACD-indicator, but signals are filtered with the 200 ema.
This indicator gives you for every trade a stopp loss and take profit line.
As with every other strategy risk management is key. The trades taken have all 1.5:1 risk ratios, so when you lose one trade and win one you are still in profit.
This will only work if you calculate your position size accordingly when actually trading!
Without leverage:
position_size = (portfolio * loss_per_trade) / (stop_loss_in_percent )
Leverage:
position_size = (portfolio * loss_per_trade) / (stop_loss_in_percent * leverage)
For example:
portfolio = 100000
loss_per_trade = 0.01 | I only want to lose 1% per trade
stop_loss_in_percent = 0.04 | The stoploss is 4% away from our entry
(100000 * 0.01) / 0.04 = 2500 => if this trade hits my stop, I will only lose 1 % of my portfolio.
This strategy works well with:
BTCUSD 30m
BANDUSDTPERP 5m
EUR DOLLAR 15m
Of course it can be applied to anything, but you should firstly validate the strategy via backtest for the according trading pair and timeframe as it can perform differenlty in various timeframes.
This script does not repaint.
If you are interested in this strategy dm me.
Good luck on your trades!
Sabre S&D Level LocatorThis indicator identifies high probability areas of levels of Supply and Demand where the potential of unfilled institutional orders is likely to result in a successful trade following the Sabre Trading System as taught by Anthony Navarro. This is a private Invite-Only script to be shared among members of the Sabre trading community.
The indicator paints a green dot at the origin of a strong move followed by two successive higher highs or lower lows. If the move out candles are all the same color, the origin candle gets a green dot. If the move out candles are not all the same color, they get an orange dot. Basing candles showing price stability where orders are being processed are indicated by a blue dot.
Zig Zag High-Low + RSIThis indicator adds to the functionality of Tr0sT's Zig Zag High Low Indicator by adding the RSI value above the higher-high to eyeball whether the current trend (signified by consecutive higher-highs and higher lows or consecutive lower highs and lower lows) is strengthening or weakening.
THEORY / METHODOLOGY:
If the uptrend is strong, the later pivot high will have a greater RSI number than the previous pivot high indicating an opportunity to go long. In a downtrend the lower high should have a lower RSI than the previous lower high indicating an opportunity to go short. If it does not, it is an indication that the trend is weakening.
ACTION:
If the ZigZag has higher highs and Higher lows and a strengthening RSI, look for Long opportunities on the lower time frame. If the ZigZag has lower highs and lower lows and a weakening RSI, look for Short opportunities on the lower time frame.
USAGE:
This methodology works best and produces the most opportunities when the markets are active, i.e. between 6AM-11AM EST
Thanks to Tr0sT for the original ZigZag High-Low indicator.
Tr0sT: www.tradingview.com
Zig Zag High Low Indicator:
Pivot TradeThis study contains:
- A complete set of pivot calculation. Standart, Fibonacci, Woodie, Camarilla
- Standart Pivot with extended support and resistance levels.
- ALMA a new generation moving average indicator which succesfull to follow trend changes.
- System28 EMA Based trend follower. (Thanks to great master Ali Ömür)
- Auto Trend Lines drawing tool with pivot highs and lows.
- Alarm function on pivot levels.
How to Use :
UPTREND
Orange cross points to an uptrend,
Fuschia cross confirms uptrend.
DOWNTREND
Black cross points to an donwtrend,
Navy cross confirms uptrend.
BOT Buddy v3Bot Buddy is a script that uses customized indicators to give out signals for a number of different assets with high probability and really good risk to reward.
Bot Buddy will provide:
- Entry signals with alerts
- Stop Loss
- Two Take profit targets
- Break Even signals with alerts
How does it work?
-Uses a Trend direction to find trades going in the right direction
-Uses a customized Volume, EMA's, candle pattern and ATR to find entries
Signals:
-Green Arrow-long
-Red Arrow-short
-Red line- STOP LOSS
-Blue lines- Take Profits
The Script is designed to be very user friendly as it'll post all the information you'll need for each trade on every entry signal.
For access, please DM us or visit the link below in Signature.
Spectro™ M3 by Hypester [Beta Testing]Hang in there guys! Time to debug, config the new alarms, improve the coloring, and other small fixes.
Spectro is easier and stronger than ever.
Extraordinarily flexible and adjustable to ANY trading style.
Manual Back Test LinesI created this indicator to primarily manually test other indicators in replay mode.
To use this indicator generally you will:
Select trade type: long or short
Enter your ATR (enter the actual ATR). The indicator will then calculate and plot your SL and targets based on your values
Default Stop Loss is ATR * 1.5
Default Target 1 is ATR * 1.5
Default Target 2 is ATR * 3
Using this indicator on Replay mode is great. What you do is go back in time. Hit play and as the indicator(s) you use provide signals pause.
Pull up options:
Select trade type
Update ATR value
Change date to entry date. Typically if you are trading off the daily timeframe you are going to wait for your current day candle to close to provide signal. That would mean your entry would be on the next day.
Click play and watch, track and record how trade unfolds.
Future updates:
I'd like to be able to have some way to click one button and have it fire that enter trade right now on chart. Also I'm working on figuring out how to calculate the ATR on the entry date so that isn't required to be entered.
Finally, I'd like to have some auto calculation on when targets and SL are hit. I have this partially done but it's more important that I use this indicator than spend time or funds to update it to do that. But I do plan on updating.
Spectrum Screener™ by HypesterSPECTRUM SCREENER™
We're releasing our ultimate tool to monitor and filter through assets. Our screener will tell you where the opportunities are happening, boosting your analysis speed, precision, profitability and drastically reducing your asset research time.
Say goodbye to staring at charts for hours
With our screener, you will spend your time where it matters, which is executing your trades. Let our Spectrum Screener™ save you the time to find where the action is.
SPOT TRADES WITHIN SECONDS
Have you ever felt confused, lost, staring at the screen for hours? Often, you find yourself overtrading and making slim calls? Spectrum Screener™ will warn you when anything worth your while is happening so you can focus on what matters, the trading.
MONITOR UNLIMITED ASSETS SIMULTANEOUSLY IN ONE SCREEN
The sky is the limit, you can track as many assets as your brain can possibly handle simultaneously before frying.
FLEX & ADVANCED MODE
If you already have a trading system going on, you just want to know when good moves will happen. That's what our flex mode will do for you; it will keep it simple and point you where the action is. If your system is not so well crafted, we offer a powerful in-depth view with a lot of insightful information in the advanced mode.
ALPHA-OMEGA VOLATILITY ALGORITHM
Based on the Richter scale modeling, we developed a proprietary volatility indicator that tells you when big moves might happen and their probable direction.
SPECTER MOMENTUM OSCILLATOR
Our special oscillator tells you if the trend is going up or down, if it’s just a correction or not, and if the asset is in a mean reversal area. All of that with one look.
FINE-TUNING PANEL
Like all other tools we offer, this indicator has its own fine-tuning panel so you can tweak the settings to your own preferences and trading style.
