- BTST stands for Buy Today Sell Tomorrow which is trading is done on high momentum stock and selling is done on next day. - Max Entry is one bid below intraday highest price - TP is 2.5% above Max Entry and CL is one bid below 2.5% from Max Entry
"Inside bars are a two -bar pattern. They can indicate either a continuation of the existing move or a reversal. A continuation occurs when there is no significant support or resistance level in sight, while a reversal occurs close to a strong sup- port or resistance level... ...A lot of traders are aware of inside bars but few manage to make money with them....
WHAT This indicator hides the colour of the currently printing candle to avoid poor decisions being made. WHY Many trading strategies rely upon assessing the state of closed candles. Making trading decisions based on the currently printing candle's state can lead to poor trading outcomes (emotional decisions, FOMO, lack of restraint, etc) as it can be bullish one...
plot candles for WETH charts in USDT uses BINANCE:ETHUSDT by default for ETH prices, but can be edited under Settings > Inputs > eth
Hey traders! This is a profitable strategy script I created to teach my students how to automate their scripts using 3rd party APIs (more info available in my profile link at the bottom of this page). What Is This? This strategy is called the "Follow The Bear" strategy. It's a forex trading strategy designed for one purpose and one purpose only: to take...
Extension of the built-in strategy by TradingView. The strategy buys after an X amount of consecutive bullish bars and viceversa for selling. This logic can be reversed and a Stop Loss with Take Profit can be added. There's also an option to adapt the SL into a Trailing Stop.
This indicator displays gaps on a chart within a specified range which have not been filled. It offers the ability to set the minimum gap size to detect as a multiple of the average true range (ATR), as well as the allowed distance from a gap fill for the gap to be considered filled. The use of ATR allows the gap threshold to dynamically change as the stock price...
Based on the calculations by ZenAndTheArtOfTrading. I added stop loss, take profit and reverse code lines. The Positive Bars % calculates the number of green (positive) bars, relative to a look back period, defined by the user. If the percentage is low, it means that there was a bigger number of red candles in the lookback period. The strategy goes long when the...
1 -Objective "What is the ''best'' day to trade .. Monday, Tuesday...." This script aims to determine if there are different results depending on the day of the week. The way it works is by dividing data by day of the week (Monday, Tuesday, Wednesday ... ) and perform calculations for each day of the week. 1 - Objective 2 - Features 3 - How to use (Examples) 4...
This is a strategy to complement the 2GT indicator. It utilises the same rules as 2GT. This is comprises of multiple popularly used indicators to help decide on whether to go long or short. This indicator will overlay the MA lines and background colours on your chart. The heikin-ashi colour will be shown as the background colour. This will help you identify a...
This is comprises of multiple popularly used indicators to help decide on whether to go long or short. This indicator will overlay the MA lines and background colours on your chart. The heikin-ashi colour will be shown as the background colour. This will help you identify a trend more easily while using bars, candles, hollow candles, etc. When the background...
// This strategy detects and uses big bars to enter a position. When the Big Bar // is bearish (red candle) the position will be long and viceversa // for short positions. The stop loss (optional) is placed on the low of the // candle used to trigger the position and user inputs allow you to modify the // size of the SL. Take profit is placed on a reward ratio...
Narrow Range (NR) trading strategy is a breakout-based method that assumes that the price of security trends up or down after a brief consolidation in a narrow range. This indicator can plot: 1. Narrow Range (NR) 4, 7, and 21 2. Narrow Range (NR) 4, 7, and 21 + Inside Bars (IB) NR 4/NR 7/NR 21 day acts as a confirming factor on where the price will move further....
█ OVERVIEW This script is built to search for 8 different Doji candlestick patterns in markets and makes them appear on screen with bar coloring and creating color-coded labels/shapes. It will identify the following variants based upon user input for various rules to abide by: Gapping Up Gapping Down Gravestone Dragonfly Long-Legged Rickshaw Man ...
This indicator allows you to filter noisy pin bar chart, with pin bars which have been rejected from dynamic support/resistance level also named as 21 Moving Average. I would consider to work only on higher time frames like 1H and higher, so you really can find only best entries. Have fun, write your feedback in the comments section:) P.S This is the first...
Pin Bar is one of the most important candlestick patterns. Almost every time you see a pin bar, you can expect the price to turn in the opposite direction. You should pay more attention to the abnormal ones among the pin bars. What I mean by abnormal pin bar is that the long leg is at least 3 times larger than the body. With this indicator, you can set your own...
CBTV - Candlesticks Based on Traded Volume This is the first robust implementation of volume based candlesticks (bars) on TradingView. This type of bar was describe in the book "Advances in Financial Machine Learning," written by Lopez de Prado, a well-known quant who has managed billions of dollars over the course of his career. Volume Candlesticks (Bars)...
1 - Objective 2 - How to use (Theory) 3 - How to use (Grade System) 4 - Inputs 5 - Extras and Alerts 6 - Notes Objective This script aims to mark 3 Bar play patterns (both short and long) by identifying them on the chart, with an arrow pointing up from long and down for short. Aswell, setting alerts based on grade. Following the base concept, this script comes...