Combo Backtest 123 Reversal & Pivot Point V2 This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
Pivot points simply took the high, low, and closing price from the previous period and
divided by 3 to find the pivot. From this pivot, traders would then base their
calculations for three support, and three resistance levels. The calculation for the most
basic flavor of pivot points, known as ‘floor-trader pivots’, along with their support and
resistance levels.
WARNING:
- For purpose educate only
- This script to change bars colors.
Oscylatory
[laoowai]BNB_USDT_3m_3Commas_Bollinger_MACD_RSI_StrategyBNB_USDT _3m
Release Notes:
Time: 3min
Pair: BNB_USDT
Use: {{strategy.order.alert_message}}
What's the difference with 3Commas Bollinger Strategy by tedwardd:
1. Initial capital: 1210 USDT (10$ Base order / 400$*3 Safety order), if you will change, please change JUST safety order volume or number of safety orders 2-3
2. Using just 2(3) safety order (original script 4)
3. More high-performance strategy for BNB_USDT
4. Using MACD to sell order (original script take profit by scale), thanks Drun30 .
5. Using RSI to analyze the market conditions.
Need to change:
bot_id = input(title="3Commas Bot ID", defval=" YOUR DATA ")
email_token = input(title="Bot Email Token", defval=" YOUR DATA ")
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FAQ copy from tedwardd
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This strategy is intended for use as a way of backtesting various parameters available on 3commas.
The primary inputs for the strategy are:
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// USER INPUTS
Short MA Window - The length of the Short moving average
Long MA Window - The length of the Long moving average
Upper Band Offset - The offset to use for the upper bollinger offset
Lower Band Offset - The offset to use for the lower bollinger offset
Long Stop Loss % - The stop loss percentage to test
Long Take Profit % - The Take profit percentage to test
Initial SO Deviation % - The price deviation percentage required to place to first safety order
Safety Order Vol Step % - The volume scale to test
3Commas Bot ID - (self-explanatory)
Bot Email Token - Found in the deal start message for your bot (see link in the previous section for details)
3Commas Bot Trading Pair - The pair to include for composite bot start deals (should match the format of 3commas, not TradingView IE. USDT_BTC not BTCUSDT )
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Start Date, Month, Year and End Date, Month, and Year all apply to the backtesting window. By default, it will use as much data as it can give the current period select (there is less historical data available for periods below 1H) back as far as 2016 (there appears to be no historical data on Trading view much before this). If you would like to test a different period of time, just change these values accordingly.
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Composite bot using a Bollinger band type trading strategy. While its primary intention is to provide users a way of backtesting bot parameters, it can also be used to trigger a deal start by either using the {{strategy.order.alert_message}} field in your alert and providing the bot details in the configuration screen for the strategy or by including the usual deal start message provided by 3commas.
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Original script:
1. 3Commas Bollinger Strategy by tedwardd
2. Momentum Strategy ( BTC /USDT; 1h) - MACD (with source code) by Drun30
Combo Backtest 123 Reversal & Pivot Detector Oscillator Copyright by HPotter v1.0 20/04/2021
This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
The Pivot Detector Oscillator, by Giorgos E. Siligardos
The related article is copyrighted material from Stocks & Commodities 2009 Sep
WARNING:
- For purpose educate only
- This script to change bars colors.
Stochastic TrendDear community,
I've made another simple trading bot for you to use. This bot is based on the Stochastic Oscillator. It only produces long trades currently.
I changed the oscillation period to a much longer one, which in turn creates opportunities to trade long term trends.
The bot goes long when the Entry lines is crossed from below and it will close its long position once the Exit line has been crossed from above.
Combo Backtest 123 Reversal & PFE (Polarized Fractal Efficiency) This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
The Polarized Fractal Efficiency (PFE) indicator measures the efficiency
of price movements by drawing on concepts from fractal geometry and chaos
theory. The more linear and efficient the price movement, the shorter the
distance the prices must travel between two points and thus the more efficient
the price movement.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Perfomance indexThis is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
The Performance indicator or a more familiar term, KPI (key performance indicator),
is an industry term that measures the performance. Generally used by organizations,
they determine whether the company is successful or not, and the degree of success.
It is used on a business’ different levels, to quantify the progress or regress of a
department, of an employee or even of a certain program or activity. For a manager
it’s extremely important to determine which KPIs are relevant for his activity, and
what is important almost always depends on which department he wants to measure the
performance for. So the indicators set for the financial team will be different than
the ones for the marketing department and so on.
Similar to the KPIs companies use to measure their performance on a monthly, quarterly
and yearly basis, the stock market makes use of a performance indicator as well, although
on the market, the performance index is calculated on a daily basis. The stock market
performance indicates the direction of the stock market as a whole, or of a specific stock
and gives traders an overall impression over the future security prices, helping them decide
the best move. A change in the indicator gives information about future trends a stock could
adopt, information about a sector or even on the whole economy. The financial sector is the
most relevant department of the economy and the indicators provide information on its overall
health, so when a stock price moves upwards, the indicators are a signal of good news. On the
other hand, if the price of a particular stock decreases, that is because bad news about its
performance are out and they generate negative signals to the market, causing the price to go
downwards. One could state that the movement of the security prices and consequently, the movement
of the indicators are an overall evaluation of a country’s economic trend.
WARNING:
- For purpose educate only
- This script to change bars colors.
Bollinger Bands strategy with RSI and MACD v1.0 This is a strategy based on the Bollinger Bands, where buy trades are made when the price crosses the lower line of the Bollinger Bands upwards, and sell trades are made when the price crosses the upper line downwards.
In addition, it is possible through the inputs to enable trading with RSI and MACD, so that buy or sell trades are supported by these two indicators.
Trades are partially and fully closed in the following way, a buy trade will close half of the position when the price touches the middle line of the Bollinger bands and will be fully closed when the price touches the upper band. In the case of a sell position, half of the position will be closed if the price touches the middle band and the entire position will be closed when the price touches the lower band. Alternatively, a fixed take profit can be placed. In case the price moves against us, trailing stops can be placed.
In case of selecting to use RSI, MACD, or MACD variation, trades will be executed as long as The Bollinger Bands, and all the above-mentioned indicators give the same signals, either buy or sell.
For example in the case of selecting only Use RSI, buy trades would be made as long as RSI and BB give buy signals.
Strategy inputs:
-BB source: Bollinger Bands price source.
-Bollinger Bands SMA length: Bollinger Bands simple moving average length.
-Bollinger Bands StdDev length: Bollinger Bands standard deviation length.
-Trail Long Loss (%): Distance in percentage at which the stop loss will initially be placed for buy trades.
-Trail Short Loss (%): Distance in percentage at which the stop loss will be initially placed for sell trades.
-Maximum orders: Maximum of simultaneous operations, for example, if it is 3, up to 3 parallel operations of buy and up to 3 parallel operations of sell will be carried out.
-Position size: Number of contracts per trade.
-Use RSI: If selected, the strategy will also trade based on oversold or overbought signals provided by the RSI.
-RSI source: RSI price source.
-RSI period: The RSI period to use.
-RSI value for buy: If the RSI is below this value, it will give a buy signal.
-RSI value for sell: If the RSI value is above this value, it will give a sell signal.
-Use MACD: If selected, buy trades will be made when the MACD crosses 0 upwards, and sell trades will be made when the MACD crosses 0 downwards.
-Use MACD variation: Only available if MACD is previously selected. In this case, buy trades are made if the MACD value in the last 3 candles has been decreasing, and sell trades are made if the MACD value has been increasing.
-MACD source: MACD price source.
-MACD fast length: MACD fast EMA lenght.
-MACD slow length: MACD slow EMA lenght.
-MACD signal length: MACD signal EMA lenght.
-Use maximum TP long: If selected, a fixed take profit will be placed for buy trades. The position could be closed before reaching this take profit if the price touches one of the lower or upper lines first.
-Maximum take profit long (%): Distance in percentage at which the take profit will be placed for buy trades.
-Use maximum TP short: if selected, a fixed take profit will be placed for sell trades. The position could be closed before reaching this take profit if the price touches one of the lower or upper lines first.
-Maximum take profit short (%): Distance in percentage at which the take profit will be set for sell trades.
I hope you like it and as always all feedback is welcome.
EMA RSI Engulfing StrategyBuy when above 200 EMA, 50 RSI and right after a bearish engulfing candle. SL is engulfing candle low and take profit is 2x the risk.
MA Crossover Strategy with MA Turning Point Exits + ADX filterThis strategy is based upon @rthomson's MA Crossover Strategy with MA Turning Point Exits.
I just added an ability to filter out entries when ADX < 20. In fact you have a choice to set this ADX threshold value.
In a sideways market, the MA crossovers end up in yielding entry trades with losses. ADX value around 20 to 25 indicates a sideway market. By introducing ADX threshold, we are trying to prevent potential loss making entries.
MA Crossover Strategy with MA Turning Point Exits + ADX filterThis strategy uses @rthomson's "MA Crossover Strategy with MA Turning point Exits" and combines it with ADX.
This strategy filters out any entries where ADX < 20. In fact you can set the value for ADX threshold. (Generally value under 20 for ADX is considered as non trend zone)
Combo Backtest 123 Reversal & Percentage Volume Oscillator (PVO) This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
The Percentage Volume Oscillator (PVO) is a momentum oscillator for volume.
PVO measures the difference between two volume-based moving averages as a
percentage of the larger moving average. As with MACD and the Percentage Price
Oscillator (PPO), it is shown with a signal line, a histogram and a centerline.
PVO is positive when the shorter volume EMA is above the longer volume EMA and
negative when the shorter volume EMA is below. This indicator can be used to define
the ups and downs for volume, which can then be use to confirm or refute other signals.
Typically, a breakout or support break is validated when PVO is rising or positive.
WARNING:
- For purpose educate only
- This script to change bars colors.
Full strategy Psar+ adx + cmf + rsi This ia full strategy made with a combination of a trender, volume, volatility and oscillator.
In this case we only go long.
Indicators used:
Default PSAR
Default CMF
Modified RSI logic, not using OB/OS
ADX with EMA applied
The rules are : we check if we are in a uptrend on psar, together with a positive value in volume, rsi is above the middle line(50), using a big length, and lastly the ADx is superior to the ema ADx
For exit, we check the opposite, like downtrend psar, negative value volume, rsi < 50, and adx < ema adx
If you have any questions let me know.
RSI Strategy [Nostradanis]Strategy based on an adaptation of the Relative Strength Index and slow exponential moving average.
Green lines: uptrend
Gray lines: lateral trend
Red Lines: downtrend
Use:
When RSI crosses up 40 and 50 lines can be a good long entry if ema trend is clearly bullish.
55 line confirms entry.
Designed for swing with under $20 shares but can be adapted to scalping
Combo Backtest 123 Difference between price and MA This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
Percent difference between price and MA
WARNING:
- For purpose educate only
- This script to change bars colors.
Bollinger DCA v1Simple "benchmark" strategy for ETFs, Stocks and Crypto! Super-easy to implement for beginners, a BTD (buy-the-dip) strategy means that you buy a fixed amount of an ETF / Stock / Crypto every time it falls. For instance, to BTD the S&P 500 ( SPY ), you could purchase $500 USD each time the price falls. Assuming the macro-economic conditions of the underlying country remain favourable, BTD strategies will result in capital gains over a period of many years, e.g. 10 years.
Recommended Chart Settings:
Asset Class: ETF / Stocks / Crypto
Time Frame: H1 (Hourly) / D1 (Daily) / W1 (Weekly) / M1 (Monthly)
Necessary ETF Macro Conditions:
1. Country must have healthy demographics, good ratio of young > old
2. Country population must be increasing
3. Country must be experiencing price-inflation
Necessary Stock Conditions:
1. Growing revenue
2. Growing net income
3. Consistent net margins
4. Higher gross/net profit margin compared to its peers in the industry
5. Growing share holders equity
6. Current ratios > 1
7. Debt to equity ratio (compare to peers )
8. Debt servicing ratio < 30%
9. Wide economic moat
10. Products and services used daily, and will stay relevant for at least 1 decade
Necessary Crypto Conditions:
1. Honest founders
2. Competent technical co-founders
3. Fair or non-existent pre-mine
4. Solid marketing and PR
5. Legitimate use-cases / adoption
Default Robot Settings:
Contribution (USD): $500
When: Dips below lower Bollinger Band
*Robot buys $500 worth of ETF , Stock, Crypto, every time price falls below the lower Bollinger Band
*Equity curve can be seen from the bottom panel*
Risk Warning:
This strategy is low-risk, however it assumes you have a long time horizon of at least 5 to 10 years. The longer your holding-period, the better your returns. The only thing the user has to keep-in-mind are the macro-economic conditions as stated above. If unsure, please stick to ETFs rather than buying individual stocks or cryptocurrencies.
Improved simple RSI Buy/Sell at a level (SL/TP)Improved Simple Strategy based on RSI, using overbought or oversold levels.
Backtest: ETHPERP (FTX) - 30m
Set STOP LOSS and GET PROFIT as a percentage (2% and 10% by default).
If strategy.position_size != 0 algorithm convert percentages into points and set stop loss and take profit limit orders.
RSI Trend CryptoDear community,
Today I want to present you one of my favorite and simple trading bots: The RSI Trend.
This bot is based on the RSI, which normally is used as a trend reversal indicator. However, here it’s used as a trend finding indicator, often with great success. This bot making long-only trades, which is quite successful in bull-markets like the one we’re currently in.
In case you want to use an emergency exit for your trade, toggle the Emergency Exit parameter. During bull-markets it’s better in the long term to keep this option off.
Currently the bot only makes one trade at a time (pyramiding = 1), for higher risk and higher rewards you can increase this parameter. More than 5 is not advised.
I’ve optimized this bot on 15min time frame. It has some decent results for most cryptos on this TF, feel free to test this out.
In case you want to hook this bot up to your exchange, feel free to edit the ALERT messages in the code.
Default Trading Rules:
Long: RSI crosses over 35
Close Long: RSI crosses under 75
Emergency Exit: RSI crosses under 10
Full CRYPTO pack macd, rsi, obv, ema strategyThis is a simple, yet very efficient crypto strategy, adapted to 4h time frame, on big coins like ETH and BTC. However it can be adapted to other markets, timeframes etc
For this strategy I use a combination of a trend line, an oscillator, price action and volume.
This strategy has both the opportunity to go long and short.
As well, it has a leverage simulator .
The rules are the next ones:
Long : we check that current candle is ascending and above the moving average, the macd is in positive range, rsi is below overbought level and volume is bigger than the moving avg of volume.
For short, we have the opposite long rules.
If you have any questions, please let me know !
[Strategy]Complex MA Deviation Rate Signal by MEGANEKOThis Indicator is SUPER upgraded script of Normal Moving Average Deviatin Rate.
As you know, Moving Average Deviation Rate is very powerful method when you take a position of Contrarian.
added Long and Short signal by Triangles by:
-OverShoot Signal
-ReturnMovement Signal
added std-third and std-fourth lines.
added colors between std-center line and the zero line.
Entry/Order systems are also built in.
- aleartcondition of Target -upper and -lower.
- Selector of Signals Triggered range.
- when one selected zero period of SMA interprets to make Normal MA Deviation rate of the other (Based) MA.
- Standard Deviation Line of -1,-2,-3,-4,-5,+1,+2,+3,+4,+5.
Other SUPER Features:
-Volatility LowCut Filter for Signals(both of Overshoot and ReturnMovement)
-MACD of Complex MA-Deviation-Rate and Cross alerts.
-CenterLine Slope Bullish/Bearish alerts.
-ON/OFF Switches of each features.
It is INVITATION ONLY for my friends of investments.
RSI OverTrend Strategy (by Marcoweb) v1.0Hi guys, just adapted the CCI Level zero Strategy with the Over Bought and Over Sold levels provided by the Relative Strength Index. The strat is opening a long position at RSI Oversold 30 Level closing it at RSI Overbought 70 Level flipping the position.
Enjoy :D
Carpe Diem [Strategy]Carpe Diem Strategy, a wave cycle strategy that only enters when markets are up trending.
The script uses 3 different trend detection indicators including volume which helps with confirmation.
This script has 10 variations built within it which are fitted for the coins differnt coinditions
The coins included are
BTC/USDT 4H
ETH/USDT 4H
LTC/USDT 4H
ADA/USDT 4H
BNB/USDT 2H
BAND/USDT 4H
BAT/USDT 3H
OGN/USDT 4H
ZIL/USDT 4H
BZRX/USDT 2H
How to use the Indicator
You can change what plots are shown in the settings Cog
When the wave lines are green, the market is up trending and will be looking for a trade whereas when they are red, the market is in a sideways or downtrend.
The buy signal is given by the fast wave either crossing over the slow wave line, or crossing over the value of 25.
The exit signal is when the wave crosses back under the 75 value
This strategy includes Fees and there is NO Repaint. The script is written in version 4
There is an option in the settings cog to choose from 10 Coins and timeframes which the Strategies have been optimised for.
There is also another option in the settings cog to change the backtesting range.
There is also another option to adjust the stop loss. I have left it on the Default value which I believe works best
This strategy performs best on the Binance listings
BitcoinNinjas NINJASIGNALS V4 (Strategy)BitcoinNinjas NINJASIGNALS V4 (Strategy)
(for Cryptocurrencies, Forex, GunBot, ProfitTrailer, Autoview, CryptoHopper, manual or automated trading, and more)
This is version 4 of our Ninja Signals trading script, with accompanying backtesting strategy.
BitcoinNinjas NINJASIGNALS V4 (Script)
•Allows users to easily set automated buy/long and sell/short alerts on TradingView for use with automatic and manual trading of cryptocurrencies, Forex securities, and more (alerts are compatible with automatic trading software such as GunBot, ProfitTrailer, Autoview, CryptoHopper, and more).
•Synthesizes many powerful indicators [e.g., Relative Strength Index (RSI), Stochastic RSI, Money Flow Index (MFI), Moving Average Convergence Divergence (MACD), etc.) into one powerful script to generate very precise buy and sell signals in virtually all market conditions.
•Features user-defined adjustable calibration settings, allowing traders to customize the script to fit any currency / security on any exchange available through TradingView.com, simply by adjusting settings.
•Buy/Long arrows, Sell/Short arrows, & EMA trendline can be customized or hidden, if desired.
•Complete with backtesting strategy version of script which allows users to test various trading strategies based on the alerts the script generates (see information and screenshots below).
•Backtesting strategy features a user-defined adjustable date range, so traders can estimate performance of the script over specific periods of time, such as the last week, month, or year.
•Script and backtesting strategy feature many user-adjustable settings including stop loss and take profit alerts, an ‘only sell for profit’ option (Gunbot-specific), many different buy and sell filters, and more. Simply adjust the script settings and the backtesting results will automatically refresh.
•Backtesting strategy allows for pyramid buying to test various average down / dollar cost average trading strategies. Simply adjust the number of pyramid buys and the quantity of each buy.
•Fully compatible with margin and futures trading for any currency / security on TradingView.com.
DISCLAIMER: By using our BitcoinNinjas ‘Ninja Signals’ planning script, you agree to the BitcoinNinjas 'Terms of Use'. No sharing, copying, reselling, modifying, or any other forms of use are authorized for our documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. BitcoinNinjas is not responsible for any losses you may incur. Please invest wisely.
Break of structure (BOS) forex StrategyPlease read all Details before using this indicator
This strategy is based on taking position after the break of a Previous High/Low swing happens (fixed time frame), the break of structure happens because of the swing happens then we go long or short respectively in this strategy.
I will be discussing the setting details through which you can make it work on different forex pairs.
Does it work on other pairs?
Yes, I have found similar back test results on other USD pairs.
Does it works on smaller time frame?
Yes it does work on smaller time frame , you have to understand the below concepts used and try different settings.
For the user the most important thing is to understand the settings of the indicator so that they can optimize the setting and get the best results:
This indicator contains the following IMPORTANT setting:
i. Fixed trading session for long trades (long position can be taken in that period of time only)
ii. Fixed trading session for short trades (Short position can be taken in that period of time only)
The concept behind restricting the time to go long or short is because in forex the particular pair move in a particular direction depending upon the currency and time zones.
This strategy works on different forex pairs, you need to find the best settings. I will be providing the best settings which works for this strategy and different pairs.
2. Choose Previous High/Low Timeframe
This is the most important option where you have to choose the timeframe for which you want H/L by default it is set to “D”. This timeframe H/L reference will be taken for taking trading decisions.
3.Setting for back test selection date range you can check the beck test of a particular time range.
4.You can check Long and Short positions performance separately, by unchecking the “Go_long” option it will remove all long positions from back test. Vice versa for “Go_short option”
5.Internal Bar Strength
IBS is simply an indicator where you buy on weakness and sell on strength, the cornerstone of any mean-reverting strategy.
It oscillates from zero to one and measures the relative position of the closing price relative to the High and Low.
IBS = (Close – Low) / (High – Low)
In the input setting the you can disable enable the IBS option from the strategy.
6. Parkinson volatility
Parkinson volatility is a volatility measure that uses the stock’s high and low price of the day (can be changed in the setting, instead of day it can be set to any bar length)
The main difference between regular volatility and Parkinson volatility is that the latter uses high and low prices for a day, rather than only the closing price.
In the setting you have three option
i. Enter Volatility Threshold
If the Parkinson volatility value is greater than the the threshold value then it lets the trade happen.
ii.Set the high/low bar time frame for calculating Parkinson volatility. ( Set 60m by default)
Formula used as below:
high_=security(syminfo.ticker, input("60"), high)
low_=security(syminfo.ticker, input("60"), low)
hourlyRangeSquared = pow((log(high_) - log(low_)), 2)
dailyParkinsonVol = sqrt(sum(hourlyRangeSquared, 24) / (4 * log(2)))
7. "Enter no of contract size"
This setting helps you to set the contract size , by default it is set to 100000.
8. “Zigzag Filter Length” this setting is for SWING H/L Lookback. With the help of this I have ploted Swing Support and Resistance.
9.Futrther confirmation of trade is done through the RSI criteria. In this I have provided four kind of RSI confirmation you can test all by selecting any one of the four.
i. filter trade on the basis of BB of RSI (as shown in the image)
ii. filter trade on the basis of RSI Levels (RSI>50 for long, vice versa for short)
iii. filter trade by rsi>basis of BB of RSI(for long) & rsi<50(for short)
iv. filter trade by rsi>50(long) & rsi< basis of BB of RSI(short)
SELECT ONLY ONE OF THE ABOVE IN SETTING.
10.For Exiting the trade I have used the trailing SL you can change it in setting.
You can exit the trade using two targets (two take profit) using different size for exiting the trade.
If you want to take only on target then you have to make QANTITY of shares for 1st Exit as 100. Then you will exit all your position in the first target.
A big thanks to kodify.net there articles are very helpful kodify.net
Thanks to Mickey for providing assistance.
Thanks to stack overflow community for clearing the doubts.
Trading view official documentation on V4 of pine script also helped me.
