Nifty 50 5mint Strategy
The script defines a specific trading session based on user inputs. This session is specified by a time range (e.g., "1000-1510") and selected days of the week (e.g., Monday to Friday). This session definition is crucial for trading only during specific times.
Lookback and Breakout Conditions:
The script uses a lookback period and the highest high and lowest low values to determine potential breakout points. The lookback period is user-defined (default is 10 periods).
The script also uses Bollinger Bands (BB) to identify potential breakout conditions. Users can enable or disable BB crossover conditions. BB consists of an upper and lower band, with the basis.
Additionally, the script uses Dema (Double Exponential Moving Average) and VWAP (Volume Weighted Average Price) . Users can enable or disable this condition.
Buy and Sell Conditions:
Buy conditions are met when the close price exceeds the highest high within the specified lookback period, Bollinger Bands conditions are satisfied, Dema-VWAP conditions are met, and the script is within the defined trading session.
Sell conditions are met when the close price falls below the lowest low within the lookback period, Bollinger Bands conditions are satisfied, Dema-VWAP conditions are met, and the script is within the defined trading session.
When either condition is met, it triggers a "long" or "short" position entry.
Trailing Stop Loss (TSL):
Users can choose between fixed points ( SL by points ) or trailing stop (Profit Trail).
For fixed points, users specify the number of points for the stop loss. A fixed stop loss is set at a certain distance from the entry price if a position is opened.
For Profit Trail, users can enable or disable this feature. If enabled, the script uses a "trail factor" (lookback period) to determine when to adjust the stop loss.
If the price moves in the direction of the trade and reaches a certain level (determined by the trail factor), the stop loss is adjusted, trailing behind the price to lock in profits.
If the close price falls below a certain level (lowest low within the trail factor(lookback)), and a position is open, the "long" position is closed (strategy.close("long")).
If the close price exceeds a certain level (highest high within the specified trail factor(lookback)), and a position is open, the "short" position is closed (strategy.close("short")).
Positions are also closed if they are open outside of the defined trading session.
Background Color:
The script changes the background color of the chart to indicate buy (green) and sell (red) signals, making it visually clear when the strategy conditions are met.
In summary, this script implements a breakout trading strategy with various customizable conditions, including Bollinger Bands, Dema-VWAP crossovers, and session-specific rules. It also includes options for setting stop losses and trailing stop losses to manage risk and lock in profits. The "trail factor" helps adjust trailing stops dynamically based on recent price movements. Positions are closed under certain conditions to manage risk and ensure compliance with the defined trading session.
CE=Buy, CE_SL=stoploss_buy, tCsl=Trailing Stop_buy.
PE=sell, PE_SL= stoploss_sell, tpsl=Trailing Stop_sell.
Remember that trading involves inherent risks, and past performance is not indicative of future results. Exercise caution, manage risk diligently, and consider the advice of financial experts when using this script or any trading strategy.
Wyszukaj w skryptach "Trailing stop"
Elliott Wave with Supertrend Exit - Strategy [presentTrading]## Introduction and How it is Different
The Elliott Wave with Supertrend Exit provides automated detection and validation of Elliott Wave patterns for algorithmic trading. It is designed to objectively identify high-probability wave formations and signal entries based on confirmed impulsive and corrective patterns.
* The Elliott part is mostly referenced from Elliott Wave by @LuxAlgo
Key advantages compared to discretionary Elliott Wave analysis:
- Wave Labeling and Counting: The strategy programmatically identifies swing pivot highs/lows with the Zigzag indicator and analyzes the waves between them. It labels the potential impulsive and corrective patterns as they form. This removes the subjectivity of manual wave counting.
- Pattern Validation: A rules-based engine confirms valid impulsive and corrective patterns by checking relative size relationships and fib ratios. Only confirmed wave counts are plotted and traded.
- Objective Entry Signals: Trades are entered systematically on the start of new impulsive waves in the direction of the trend. Pattern failures invalidate setups and stop out positions.
- Automated Trade Management: The strategy defines specific rules for profit targets at fib extensions, trailing stops at swing points, and exits on Supertrend reversals. This automates the entire trade lifecycle.
- Adaptability: The waveform recognition engine can be tuned by adjusting parameters like Zigzag depth and Supertrend settings. It adapts to evolving market conditions.
ETH 1hr chart
In summary, the strategy brings automation, objectivity and adaptability to Elliott Wave trading - removing subjective interpretation errors and emotional trading biases. It implements a rules-based, algorithmic approach for systematically trading Elliott Wave patterns across markets and timeframes.
## Trading Logic and Rules
The strategy follows specific trading rules based on the detected and validated Elliott Wave patterns.
Entry Rules
- Long entry when a new impulsive bullish (5-wave) pattern forms
- Short entry when a new impulsive bearish (5-wave) pattern forms
The key is entering on the start of a new potential trend wave rather than chasing.
Exit Rules
- Invalidation of wave pattern stops out the trade
- Close long trades on Supertrend downturn
- Close short trades on Supertrend upturn
- Use a stop loss of 10% of entry price (configurable)
Trade Management
- Scale out partial profits at Fibonacci levels
- Move stop to breakeven when price reaches 1.618 extension
- Trail stops below key swing points
- Target exits at next Fibonacci projection level
Risk Management
- Use stop losses on all trades
- Trade only highest probability setups
- Size positions according to chart timeframe
- Avoid overtrading when no clear patterns emerge
## Strategy - How it Works
The core logic follows these steps:
1. Find swing highs/lows with Zigzag indicator
2. Analyze pivot points to detect impulsive 5-wave patterns:
- Waves 1, 3, and 5 should not overlap
- Waves 3 and 5 must be longer than wave 1
- Confirm relative size relationships between waves
3. Validate corrective 3-wave patterns:
- Look for overlapping, choppy waves that retrace the prior impulsive wave
4. Plot validated waves and Fibonacci retracement levels
5. Signal entries when a new impulsive wave pattern forms
6. Manage exits based on pattern failures and Supertrend reversals
Impulsive Wave Validation
The strategy checks relative size relationships to confirm valid impulsive waves.
For uptrends, it ensures:
```
Copy code- Wave 3 is longer than wave 1
- Wave 5 is longer than wave 2
- Waves do not overlap
```
Corrective Wave Validation
The strategy identifies overlapping corrective patterns that retrace the prior impulsive wave within Fibonacci levels.
Pattern Failure Invalidation
If waves fail validation tests, the strategy invalidates the pattern and stops signaling trades.
## Trade Direction
The strategy detects impulsive and corrective patterns in both uptrends and downtrends. Entries are signaled in the direction of the validated wave pattern.
## Usage
- Use on charts showing clear Elliott Wave patterns
- Start with daily or weekly timeframes to gauge overall trend
- Optimize Zigzag and Supertrend settings as needed
- Consider combining with other indicators for confirmation
## Default Settings
- Zigzag Length: 4 bars
- Supertrend Length: 10 bars
- Supertrend Multiplier: 3
- Stop Loss: 10% of entry price
- Trading Direction: Both
QQE Weighted Oscillator [LuxAlgo]The QQE (Quantitative Qualitative Estimation) Weighted Oscillator improves on its original version by weighting the RSI based on the indications given by the trailing stop, requiring more effort in order for a cross with the trailing stop to occur.
🔶 USAGE
The QQE Weighted Oscillator is comprised of a smoothed RSI oscillator and a trailing stop derived from this same RSI. The oscillator can be used to indicate whether the market is overbought/oversold as well as an early indication of trend reversals thanks to the leading nature of the RSI.
Using higher Factor values will return a longer-term trailing stop.
Like with a regular RSI divergence can be indicative of a reversal.
Further weighting will control how much "effort" is required for the trailing stop to cross the RSI. For example. For example, an RSI above the trailing stop will require a higher degree of negative price variations in order for a potential cross to occur when using higher weights.
This can cause higher weightings to return more cyclical and smoother results.
🔶 SETTINGS
Length: Length of the RSI oscillator.
Factor: Multiplicative factor used for the trailing stop calculation.
Smooth: Degree of smoothness of the RSI oscillator.
Weight: Degree of weighting used for the RSI calculation.
D-Bot Alpha RSI Breakout StrategyHello dear Traders,
Here is a simple yet effective strategy to use, for best profit higher time frame, such as daily.
Structure of the code
The code defines inputs for SMA (simple moving average) length, RSI (relative strength index) length, RSI entry level, RSI stop loss level, and RSI take profit level. The default values of these variables can be customized as per the user's preferences.
The script calculates SMA and RSI based on the input parameters and the closing price of the asset.
Trading logic
This strategy allows the placement of a long position when:
The RSI crosses above the RSI entry level and
The close price is above the SMA value.
After entering a long position, it applies a trailing stop mechanism. The stop price is updated to the close price if the close price is lower than the last close price.
The script closes the long position when:
RSI falls below the stop loss level.
RSI reaches or exceeds the take profit level.
If the trailing stop is activated (once RSI reaches or exceeds the take profit level), the closing price falls below the trailing stop level.
Strengths
The strategy includes mechanisms for entering a position, taking profit, and stopping losses, which are fundamental aspects of a trading strategy.
It applies a trailing stop mechanism that allows to capture further gains if the price keeps increasing while protecting from losses if the price starts to decrease.
Weaknesses
This strategy only contemplates long positions. Depending on the market situation, the strategy may miss opportunities for short selling when the market is on a downward trend.
The choice of the fixed RSI entry, stop loss, and take profit levels may not be ideal for all market conditions or assets. It might benefit from a more adaptive mechanism that adjusts these levels according to market volatility or trend.
The strategy doesn't factor in trading costs (such as spread or commission), which could have a significant impact on the net profit, especially if the user is trading with a high frequency or in a low liquidity market.
How to trade with this strategy
Given these parameters and the strategy outlined by the code, the trader would enter a long position when the RSI crosses above the RSI entry level (default 34) and the closing price is above the SMA value (SMA calculated with default period of 200). The trader would exit the position when either the RSI falls below the RSI stop loss level (default 30), or RSI rises above the RSI take profit level (default 50), or when the trailing stop is hit.
Remember "The strategies I have prepared are entirely for educational purposes and should not be considered as investment advice. Support your trades using other tools. Wishing everyone profitable trades..."
Limit Order + ATR Stop-Loss [TANHEF]This indicator enables interactive placement of limit or stop-limit orders with a trailing ATR stop-loss and optional profit target (with alerts). Refer to the images below for further clarification.
Why use a trailing stop-loss?
A trailing stop-loss serves as an exit strategy when price moves against you, while also allowing you to adjust the exit point further into profit when price moves favorably. The ATR (Average True Range), a reliable measure of volatility, acts as an effective risk management tool, functioning as a trailing stop-loss.
Indicator Explanation
Initial indicator placement: Select Long Limit or Long-Stop Limit order.
Change Entry Type: Switch between Long and Short within settings.
Modify entry price: Drag circle, adjust in settings, or re-add indicator to chart.
Optional Profit Target: Use Risk/Reward ratio or specify price.
Entry anticipation: Estimated ATR stop-loss and profit target as blue circles (fluctuates with volatility changes).
Entry triggered: Actual ATR stop-loss and profit target plotted.
Exit conditions: Stop-loss or profit target hit, exit entry.
Update Frequency: Continuously, Bar Open, or Bar Open on entry then continuously.
ATR Overlap: no entry occurs if the ATR overlaps with price (stop-loss 'hit' already on entry bar)
Table: Displays input settings selected.
Show Only On Ticker: Ability to hide indicator on other tickers.
Long Limit
Long Stop-Limit
Short Limit
Short Stop-Limit
Alerts
1. 'Check' alerts to use within indicator settings (entry, trailing stop hit, profit target hit, and failed entry).
2. Select 'Create Alert'
3. Set the condition to 'Limit Order + ATR Stop-Loss''
4. Select create.
Additional details can be added to the alert message using these words in between Curly (Brace) Brackets:
{{trail}} = ATR trailing stop-loss (price)
{{target}} = Price target (price)
{{type}} = Long or Short stop-loss (word)
{{traildistance}} = Trailing Distance (%)
{{targetdistance}} = Target Distance (%)
{{starttime}} = Start time of position (day:hr:min)
{{maxdrawdown}} = max loss
{{maxprofit}} = max profit
{{update}} = stoploss update frequency
{{entrysource}} = entry as 1st bar source (yes/no)
{{triggerentry}} = Wick/Close Trigger entry input
{{triggerexit}} = Wick/Close Trigger exit input
{{triggertarget}} = Wick/Close Trigger target input
{{atrlength}} = ATR length input
{{atrmultiplier}} = ATR multiplier input
{{atrtype}} = ATR type input
{{ticker}} = Ticker of chart (word)
{{exchange}} = Exchange of chart (word)
{{description}} = Description of ticker (words)
{{close}} = Bar close (price)
{{open}} = Bar open (price)
{{high}} = Bar high (price)
{{low}} = Bar low (price)
{{hl2}} = Bar HL2 (price)
{{volume}} = Bar volume (value)
{{time}} = Current time (day:hr:min)
{{interval}} = Chart timeframe
{{newline}} = New line for text
TradeTrackerLibrary "TradeTracker"
Simple Library for tracking trades
method track(this)
tracks trade when called on every bar
Namespace types: Trade
Parameters:
this (Trade) : Trade object
Returns: current Trade object
Trade
Has the constituents to track trades generated by any method.
Fields:
id (series int)
direction (series int) : Trade direction. Positive values for long and negative values for short trades
initialEntry (series float) : Initial entry price. This value will not change even if the entry is changed in the lifecycle of the trade
entry (series float) : Updated entry price. Allows variations to initial calculated entry. Useful in cases of trailing entry.
initialStop (series float) : Initial stop. Similar to initial entry, this is the first calculated stop for the lifecycle of trade.
stop (series float) : Trailing Stop. If there is no trailing, the value will be same as that of initial trade
targets (float ) : array of target values.
startBar (series int) : bar index of starting bar. Set by default when object is created. No need to alter this after that.
endBar (series int) : bar index of last bar in trade. Set by tracker on each execution
startTime (series int) : time of the start bar. Set by default when object is created. No need to alter this after that.
endTime (series int) : time of the ending bar. Updated by tracking method.
status (series int) : Integer parameter to track the status of the trade
retest (series bool) : Boolean parameter to notify if there was retest of the entry price
Strategy DesignerHello traders.
Thanks to the tool I have published, everyone who knows or does not know coding will be able to create strategies and see the results instantly on the screen. Yes it looks very nice :)
What does this script do?
Thanks to this tool, even if you don't know any coding, you will be able to create your own strategies. You can add and remove indicators.
Entrance
The first thing you need to do is to set a strategy in your mind.
Then you need to adjust the settings of the indicators installed in the system. Please set the indicators first, because later they are forgotten.
The screen for entering the parameters of the indicators will be as follows.
After entering the parameters there is an important part . In this section, we can adjust the strategy settings.
First we choose between which dates we want the strategy to run. We then choose whether we want the strategy results to be displayed in a table or not.
We choose how the Terms should be linked together. For example, if you have a condition that is expected to produce more than one receive signal, select whether these conditions are connected to each other with and or with the connector.
In this way, you can determine whether all or any of the rules in your strategy should apply.
Next, we choose whether our strategy will work in the spot market or in a bidirectional market. Yes, you can design a strategy for both spot and bidirectional trades :)
At the bottom of the above image, we see a screen where we can adjust the stop level and tp level. As a standard, adjustments are made according to the percentage level you enter. However, if you remove the tick next to the percent sign, the previous stop level and the next profit level are determined as much as the value you entered.
At the bottom is the trailing stop. When you open the trailing stop, the trailing stop becomes active in your strategy.
Very important, when the trailing stop and the stop are active at the same time, the trailing stop value is valid.
It's time to design our strategy. Each chapter that begins with an exclamation point is a separate fiction.
If you do not mark the Active button, that condition will not be included in the calculation.
Direction = It is the direction for which the fiction in this region is valid.
We came to the indicator setting screen. Here, there is a screen where we can select two different indicators on the right and left.
We choose the first indicator starting with 1.
Then we choose from the middle region how we want these two indicators to interact.
We choose our second indicator from the place starting with 2.
If you want an indicator to interact with any value, tick the box where it says Value and fill in the value in the blank. When Value is ticked, the second indicator does not work.
LowFinder_PyraMider_V2This strategy is a result of an exploration to experiment with other ways to detect lows / dips in the price movement, to try out alternative ways to exit and stop positions and a dive into risk management. It uses a combination of different indicators to detect and filter the potential lows and opens multiple positions to spread the risk and opportunities for unrealized losses or profits. This script combines code developed by fellow Tradingview community_members.
LowFinder
The lows in the price movement are detected by the Low finder script by RafaelZioni . It finds the potential lows based on the difference between RSI and EMA RSI. The MTF RSI formula is part of the MTFindicators library developed by Peter_O and is integrated in the Low finder code to give the option to use the RSI of higher timeframes. The sensitivity of the LowFinder is controlled by the MA length. When potential lows are detected, a Moving Average, a MTF Stochastic (based the the MTFindiicators by Peter_O) and the average price level filter out the weak lows. In the settings the minimal percentage needed for a low to be detected below the average price can be specified.
Order Sizing and Pyramiding
Pyramiding, or spreading multiple positions, is at the heart of this strategy and what makes it so powerful. The order size is calculated based on the max number of orders and portfolio percentage specified in the input settings. There are two order size modes. The ‘base’ mode uses the same base quantity for each order it opens, the ‘multiply’ mode multiplies the quantity with each order number. For example, when Long 3 is opened, the quantity is multiplied by 3. So, the more orders the bigger the consecutive order sizes. When using ‘multiply’ mode the sizes of the first orders are considerably lower to make up for the later bigger order sizes. There is an option to manually set a fixed order size but use this with caution as it bypasses all the risk calculations.
Stop Level, Take Profit, Trailing Stop
The one indicator that controls the exits is the Stop Level. When close crosses over the Stop Level, the complete position is closed and all orders are exited. The Stop Level is calculated based on the highest high given a specified candle lookback (settings). There is an option to deviate above this level with a specified percentage to tweak for better results. You can activate a Take Profit / Trailing Stop. When activated and close crosses the specified percentage, the Stop Level logic changes to a trailing stop to gain more profits. Another option is to use the percentage as a take profit, either when the stop level crosses over the take profit or close. With this option active, you can make this strategy more conservative. It is active by default.
And finally there is an option to Take Profit per open order. If hit, the separate orders close. In the current settings this option is not used as the percentage is 10%.
Stop Loss
I published an earlier version of this script a couple of weeks ago, but it got hidden by the moderators. Looking back, it makes sense because I didn’t pay any attention to risk management and save order sizing. This resulted in unrealistic results. So, in this script update I added a Stop Loss option. There are two modes. The ‘average price’ mode calculates the stop loss level based on a given percentage below the average price of the total position. The ‘equity’ mode calculates the stop loss level based on a given percentage of your equity you want to lose. By default, the ‘equity’ mode is active. By tweaking the percentage of the portfolio size and the stop loss equity mode, you can achieve a quite low risk strategy set up.
Variables in comments
To sent alerts to my exchange I use a webhook server. This works with a sending the information in the form of a comment. To be able to send messages with different quantities, a variable is added to the comment. This makes it possible to open different positions on the exchange with increasing quantities. To test this the quantities are printed in the comment and the quantities are switched off in the style settings.
This code is a result of a study and not intended for use as a worked out and full functioning strategy. Use it at your own risk. To make the code understandable for users that are not so much introduced into pine script (like me), every step in the code is commented to explain what it does. Hopefully it helps.
Enjoy!
Interactive SAR Stop-Loss [TANHEF]This indicator is "Interactive" which means some inputs can are manually added through the first click after adding the indicator to the chart (SAR Trailing Stop-loss start point).
Unlike the normal Parabolic SAR, this indicator allows for the modification of the start point of the Parabolic SAR’s first bar calculation. Normally, the Parabolic SAR automatically has a start point after the first bar of an asset’s historical price that will then switch between trailing above and below price respectively. It must be noted that due to how the first position of the Parabolic SAR is calculated, on occasion the Parabolic SAR will immediately flip on the next bar to the opposite side relative to price that it was just located. Modifying the setting “⭐Initial Interactive SAR Position Source”, then selecting either 'Clicked' or 'ATR' level as the vertical start position will prevent this. See images below for more explanation.
Why use a trailing stop-loss?
A trailing stop-loss provides an exit when price moves against you but also enables you to move the exit point further into profit when price is moving in the desired direction of a trade. The Parabolic SAR ( stop and reverse ) which is used to determine price direction as well as when price direction is changing, is very effective at functioning as a trailing stop loss.
Indicator Explanation
Initially when this indicator is added to the chart, you will be prompted to select where to begin the SAR Trailing Stop-loss.
For a long stop-loss, select below price.
For a short stop-loss, select above price.
After this indicator is placed, it can be modified via dragging or from within the settings by modifying the time and the price input. Or simply re-add the indicator to the chart. Another option is to have this Parabolic SAR begin directly on the price that was initially ‘Clicked’ or the ‘ATR’ level, which requires selecting the option in settings labeled “⭐Initial Interactive SAR Position Source”
The SAR Stop Loss plotted. Note that the calculation that occurs on this first bar of the ‘Interactive SAR’ is as if the prior bar was the oldest historical bar of the asset. Due to the SAR’s calculations, if the ‘Normal SAR’ were to also flip sides over to the position that has been manually set for the ‘Interactive SAR’, they won’t necessarily have the same result.
An optional fixed profit target can be added within the settings. This profit target will only actively be plotted when the SAR Trailing Stop-loss has not be hit yet or until the profit target has been hit.
Here shows that the profit target was hit, then later on the SAR Trailing Stop-loss was hit.
Note, trailing stop-loss will continue to be plotted until it has been hit regardless of the profit target being hit or not.
Here is an example of when the Parabolic SAR will immediately flip on the next bar to the opposite side relative to price that it was just first located. This is due to how the Parabolic SAR is calculated and will also occur with the traditional Parabolic SAR that is not interactively (manually) given a start location. To prevent this, either relocate this time in which this SAR beings or consider modifying the SAR’s (start, increment, max) settings specifically.
Here instead of using the SAR’s calculation for an initial bar, the ‘ATR’ was selected as the start point within the setting “⭐Initial Interactive SAR Position Source”.
Alerts
1. 'Check' alerts to use within indicator settings (trailing stop hit and/or profit target hit).
2. Select 'Create Alert'
3. Set the condition to 'Interactive SAR''
4. Select create.
Interactive ATR Stop-Loss [TANHEF]This indicator is "Interactive" which means some inputs can are manually added through the first click after adding the indicator to the chart (ATR Trailing Stop-loss start point). See images below for more explanation.
Why use a trailing stop-loss?
A trailing stop-loss provides an exit when price moves against you but also enables you to move the exit point further into profit when price is moving in the desired direction of a trade. The ATR (Average True Range) which is used to measure volatility, is very effective at functioning as a trailing stop loss.
Indicator Explanation
Initially when this indicator is added to the chart, you will be prompted to select where to begin the ATR Trailing Stop-loss.
For a long stop-loss, select below price.
For a short stop-loss, select above price.
After this indicator is placed, it can be modified via dragging or from within the settings by modifying the time and the price input. Or simply re-add the indicator to the chart.
The ATR Stop Loss plotted. Note that the trailing value that is considered as the stop loss value is the value of the ATR from the prior candle. The settings for the ATR calculation can be modified within the settings.
An optional fixed profit target can be added within the settings. This profit target will only actively be plotted when the ATR Trailing Stop-loss has not be hit hit yet or until the profit target has been hit.
Here shows that the profit target was hit, then later on the ATR Trailing Stop-loss was hit.
Note, trailing stop-loss will continue to be plotted until it has been hit regardless of the profit target being hit or not.
Alerts
1. 'Check' alerts to use within indicator settings (trailing stop hit and/or profit target hit).
2. Select 'Create Alert'
3. Set the condition to 'Interactive ATR''
4. Select create.
MA Simple Strategy with SL & TP & ATR FiltersHello Guys! Nice to meet you all!
This is my second script!
This Logic is trend following logic, This detects long & short trends by comparing the value of MAs.
This fits to the longer time frame.
### Long Condition
1. Compare 4 MAs (you can chose MA Type)
- Shortest MA (MA 1)
- Shorter MA (MA 2)
- Normal MA (MA 3)
- Longer MA (MA 4)
2. If MA 1 > MA 2 > MA 3 > MA 4, then Enter Long Position
- ‘The arrangement of MAs in descending orders’ is the proxy of the long trend.
### Short Condition
1. Compare 4 MAs (you can chose MA Type)
- Shortest MA (MA 1)
- Shorter MA (MA 2)
- Normal MA (MA 3)
- Longer MA (MA 4)
2. If MA 1 < MA 2 < MA 3 < MA 4, then Enter Short Position
- ‘The arrangement of MAs in ascending orders’ is the proxy of the short trend.
### Close Condition
1. When trend Changes
- When (MA 1 > MA 2 > MA 3 > MA 4) breaks or (MA 1 < MA 2 < MA 3 < MA 4) breaks.
2. When the price hits the stoploss
3. When the price hits the take profit level (basically 50% of qty will be closed)
### Etc
1. Trend filter (ATR should be bigger than SMA of ATR)
- If the volatility of price is to small (ATR), then there could be false signal. To filter this out, I used the condition ‘ATR should be larger than SMA of ATR’.
2. Stoploss
- Enabled Stoploss based on ATR, Percent, Risk-Reward Ratio,
- Enabled Trailing Stoploss.
3. Choose MA Type
- You can choose MA Type
+ Thanks for the stoploss template @jason5480
6 Multi-Timeframe Supertrend with Heikin Ashi as Source
This is a multiple multi-timeframe version of famous supertrernd only with Heikin Ashi as source. Atr which stands in the heart of supertrend is calculated based on heikin-ashi bars which omits a great deal of noises.
with 6 multiplication of the supertrend, its simply much easier to spot trend direction or use it as trailing stop with several levels available.
this is a great tool to assess and manage your risk and calculate your position volume if you use the heikin ashi supertrend as your stoploss.
EMA Cross CloudSimple ema cross trading alerts, completely customizable fast and slow crossovers with rendered cloud.
This cross indicator attempts to filter counter trend trades by added additional ema market and if crossunder/over occurs opposite of ema market the cloud will turn gray, otherwise if it's with the overall trend then red/green.
The last ema is a trailing stop guideline that is rendered with yellow crosses, could also utilize other stops such as the top or bottom of the cloud.
Alerts are baked in for ema crosses, trend breaks into stops.
VXD Cloud EditionVXD Cloud Edition.
to overcome sideways market conditions this cloud configured for low timeframe.
every TA is same as VXD Supercycle but show as cloud.
Symbols on chart show Premium and Discount Prices
X-Cross = Engulfing Candle with weak volume .
O-circle - Engulfing Candle with strong volume .
Pivot point and Rejected Block
Pivot show last High and low of a price in past bars
Rejected Block show when that High or Low price are important level to determined if it's Hidden Divergence or Divergence (with RSI)
Setting
Momentum: RSI = 25 , RSI MA = 14
Trend: Rolling VWAP and ATR and Subhag (Everthing show as a cloud)
Trailing STOP: ATR 12 x 2.4
Highlight Bars color when volume is above SMA 6
SMA200 act as TP Line
Risk:Reward Calculation
if Buy your Stoploss will be previous Pivot low
if Sell your Stoploss will be previous Pivot high
and TP line will be calculated form there, then show in Orange color line
Buy condition : Close is above Cloud and close above pivot high
Sell condition : Close is below Cloud and close below pivot low
Trip : add this to alerts setting.
Order {{strategy.order.action}} filled on {{ticker}} @ {{strategy.order.price}} {{strategy.order.alert_message}}.
Customizable Non-Repainting HTF MACD MFI Scalper Bot Strategy v2Customizable Non-Repainting HTF MACD MFI Scalper Bot Strategy v2
This script was originally shared by Wunderbit as a free open source script for the community to work with. This is my second published iteration of this idea.
WHAT THIS SCRIPT DOES:
It is intended for use on an algorithmic bot trading platform but can be used for scalping and manual trading.
This strategy is based on the trend-following momentum indicator . It includes the Money Flow index as an additional point for entry.
This is a new and improved version geared for lower timeframes (15-5 minutes), but can be run on larger ones as well. I am testing it live as my high frequency trader.
HOW IT DOES IT:
It uses a combination of MACD and MFI indicators to create entry signals. Parameters for each indicator have been surfaced for user configurability.
Take profits are now trailing profits, and the stop loss is now fixed. Why? I found that the trailing stop loss with ATR in the previous version yields very good results for back tests but becomes very difficult to deploy live due to transaction fees. As you can see the average trade is a higher profit percentage than the previous version.
HOW IS MY VERSION ORIGINAL:
Now instead of using ATR stop loss, we have a fixed stop loss - counter intuitively to what some may believe this performs better in live trading scenarios since it gives the strategy room to move. I noticed that the ATR trailing stop was stopping out too fast and was eating away balance due to transaction fees.
The take profit on the other hand is now a trailing profit with a customizable deviation. This ensures that you can have a minimum profit you want to take in order to exit.
I have depracated the old ATR trailing stop as it became too confusing to have those as different options. I kept the old version for others that want to experiment with it. The source code still requires some cleanup, but its fully functional.
I added in a way to show RSI values and ATR values with a checkbox so that you can use the new an improved ATR Filter (and grab the right RSI values for the RSI filter). This will help to filter out times of very low volatility where we are unlikely to find a profitable trade. Use the "Show Data" checkbox to see what the values are on the indicator pane, then use those values to gauge what you want to filter out.
Both versions
Delayed Signals : The script has been refactored to use a time frame drop down. The higher time frame can be run on a faster chart (recommended on one minute chart for fastest signal confirmation and relay to algotrading platform.)
Repainting Issues : All indicators have been recoded to use the security function that checks to see if the current calculation is in realtime, if it is, then it uses the previous bar for calculation. If you are still experiencing repainting issues based on intended (or non intended use), please provide a report with screenshot and explanation so I can try to address.
Filtering : I have added to additional filters an ABOVE EMA Filter and a BELOW RSI Filter (both can be turned on and off)
Customizable Long and Close Messages : This allows someone to use the script for algorithmic trading without having to alter code. It also means you can use one indicator for all of your different alterts required for your bots.
HOW TO USE IT:
It is intended to be used in the 5-30 minute time frames, but you might be able to get a good configuration for higher time frames. I welcome feedback from other users on what they have found.
Find a pair with high volatility (example KUCOIN:ETH3LUSDT ) - I have found it works particularly well with 3L and 3S tokens for crypto. although it the limitation is that confrigurations I have found to work typically have low R/R ratio, but very high win rate and profit factor.
Ideally set one minute chart for bots, but you can use other charts for manual trading. The signal will be delayed by one bar but I have found configurations that still test well.
Select a time frame in configuration for your indicator calculations.
Select the strategy config for time frame (resolution). I like to use 5 and 15 minutes for scalping scenarios, but I am interested in hearing back from other community memebers.
Optimize your indicator without filters : customize your settings for MACD and MFI that are profitable with your chart and selected time frame calculation. Try different Take Profits (try about 2-5%) and stop loss (try about 5-8%). See if your back test is profitable and continue to optimize.
Use the Trend, RSI, ATR Filter to further refine your signals for entry. You will get less entries but you can increase your win ratio.
You can use the open and close messages for a platform integration, but I choose to set mine up on the destination platform and let the platform close it. With certain platforms you cannot be sure what your entry point actually was compared to Trading View due to slippage and timing, so I let the platform decide when it is actually profitable.
Limitations: this works rather well for short term, and does some good forward testing but back testing large data sets is a problem when switching from very small time frame to large time frame. For instance, finding a configuration that works on a one minute chart but then changing to a 1 hour chart means you lose some of your intra bar calclulations. There are some new features in pine script which might be able to address, this, but I have not had a chance to work on that issue.
AlphaTrendAlphaTrend is a brand new indicator which I've personally derived from Trend Magic and still developing:
In Magic Trend we had some problems, Alpha Trend tries to solve those problems such as:
1-To minimize stop losses and overcome sideways market conditions.
2-To have more accurate BUY/SELL signals during trending market conditions.
3- To have significant support and resistance levels.
4- To bring together indicators from different categories that are compatible with each other and make a meaningful combination regarding momentum, trend, volatility, volume and trailing stop loss.
according to those purposes Alpha Trend:
1- Acts like a dead indicator like its ancestor Magic Trendin sideways market conditions and doesn't give many false signals.
2- With another line with 2 bars offsetted off the original one Alpha Trend have BUY and SELL signals from their crossovers.
BUY / LONG when Alpha Trend line crosses above its 2 bars offsetted line and there would be a green filling between them
SELL / SHORT when Alpha Trend line crosses below its 2 bars offsetted line and filling would be red then.
3- Alpha Trend lines
-act as support levels when an uptrend occurs trailing 1*ATR (default coefficient) distance from bar's low values
-conversely act as resistancelevels when a downtrend occurs trailing 1*ATR (default coefficient) distance from bar's high values
and acting as trailing stop losses
the more Alpha Trend lines straighter the more supports and resistances become stronger.
4- Trend Magic has CCI in calculation
Alpha Trend has MFI as momentum, but when there's no volume data MFI has 0 values, so there's abutton to change calculation considering RSI after checking the relevant box to overcome this problem when there is no volume data in that chart.
Momentum: RSI and MFI
Trend: Magic Trend
Volatility: ATR,
Trailing STOP: ATR TRAILING STOP
Volume: MFI
Alpha trend is really a combination of different types...
default values:
coefficient: 1 which is the factor of trailing ATR value
common period: 14 which is the length of ATR MFI and RSI
Wish you all use AlphaTrend in profitable trades.
Kıvanç Özbilgiç
Breakout Trend Trading Strategy - V1Strategy in nutshell:
This strategy is made to be used in daily time-frames. Works better on trending instruments where volume is available. Hence, this is more suitable for trending shares rather than currencies, commodities and indexes where volume data is either not present or not reliable.
Breakout signifies the continuation of trend. Hence, trade in the direction of breakouts. Breakouts are calculated based on high volume and price movement in a day. This will be combined with few other conditions to generate buy and sell signals along with stop and compound targets. Supertrend is used for trend bias. Our buy and sell targets do not directly depend on the bias. But, entry criteria in opposite trend is made much difficult than that of trend direction. Further explanation of method and input parameters are explained below.
Backtesting parameters :
Capital and position sizing : Capital and position sizing parameters are set to test investing 2000 wholly on certain stock without compounding.
Initial Capital : 2000
Order Size : 100% of equity
Pyramiding : 1
ExitOnSignal : If unchecked exit is triggered solely on trailing stop
Trade Direction : Long, Short or All. Short condition is riskier than long conditions and often results in losses as per my observation. On most of the stocks trending up, strategy will not generate any short signals. This is achieved by comparing yearly high lows to previous two years to decide whether to allow short or long entries.
allowImmediateCompound : Applicable only if compounding/pyramiding is enabled in trade. If checked allows to place compounding orders immediately. If unchecked, it waits for stopline to cross order price before placing next compound.
Display Mode :
Targets : Whenever breakout happens, show marker for upTarget and downTarget
TargetChannel : Show up target and downtarget as a channel
Target With Stop : Along with targets, show also stop levels for breakouts
Up Channel : Channel created from UpTarget and respective stops
Down Channel : Channel created from DownTarget and respective stops
ShowTrailingStop : Shows trailing stop and compound lines when there is a trading position.
ShowTargetLevels : Shows Buy Sell target levels along with stop and compound lines. Trades are done as market orders. Hence, target levels are displayed after strategy makes the trade. Since only one order allowed per side without compounding, target, stop and compound levels are shown sometimes even without trade being made. These can be considered as entry levels if there is no existing position.
ShowPreviousLevels : Shows previous buy/sell target levels. When enabled, layout can look messy.
StopMultiplyer: To Set trailing stop loss.
BacktestYears: Number of years to include in backtest
So far my test cases are:
Positive : AAPL, AMZN, TSLA, RUN, VRT, ASX:APT
Negative Test Cases: WPL, WHC, NHC, WOW, COL, NAB (All ASX stocks)
Special test case: WDI
Negative test cases still show losses in backtesting. I have attempted including many conditions to eliminate or reduce the loss. But, further efforts has resulted in reduction in profits in positive cases as well. Still experimenting. Will update whenever I find improvements. Comments and suggestions welcome :)
A.I.Driven Aggressive Intraday Models For 20190610(New to TradingView and trying to learn how best to share our daily Model Trades with the awesome community here. Still learning the tools here and may not be using the best approaches to publish ideas/charts/scirpts - please help us learn by suggesting best practices)
>>>>> Model Trades Published pre-market this morning at tradersai blogspot <<<<<
***** Medium-Frequency Models*****: For today, Monday 06/10, our medium-frequency models indicate going long on a break above 2903 with a 10-point trailing stop, and going short on a break below 2845 with an 8-point trailing stop.
---Note: For the trades to trigger, the breaks should occur during the regular session hours starting at 9:30am ET. By design, these models do NOT open any new positions after 3:45pm. Only one open position at any given time.---
***** Aggressive Intraday Models *****: For today, Monday 06/10, our aggressive intraday models indicate going long on a break above 2895 or 2886 or 2874 with an 8-point trailing stop, and going short on a break below 2890 or 2882 or 2870 with a 6-point trailing stop.
---- Note: For the trades to trigger, the breaks should occur during regular session hours starting at 9:30am ET. Due to the intraday nature of these aggressive models, they indicate closing any open trades at 3:55pm and remaining flat into the session close. No opening of new positions after 3:45pm. Only one open position at any given time.----
Flagging BandsIntroduction
A pun between the word flag and the adjective flagging (less dynamic) , this indicator have two bands who react faster when in contact to the price. Imagine you are under sheets, if you abruptly rise, the sheets will instantaneously go up, then if you abruptly get down, the sheets will fall slowly until being in contact with a surface, this is because of a type of friction called drag or air resistance , this force is described in fluid dynamics and i inspired myself from that for the creation of the indicator.
The indicator
The indicator is made of two bands, one upper band and one lower band, then a weighted average of each bands, this average is weighted depending on which band the price is closer. The length control the period of the indicator, in general higher lengths will create wider bands, you must consider that this parameter behave differently than other ones and may create slower results in comparison with other bands indicators while having the same length period.
The indicator can use a simple breakout methodology (see trailing stop part) but can sometime provide support and resistance points, in fact i believe that when the average variability/volatility of band A is higher than the average variability/volatility of band B and that the price cross band B then price will reverse its direction, this claim is not justified, research is needed.
Trailing Stop Mod
It is possible to make the indicator act as a trailing stop, in order to do so just tick the trailing stop mod box.
The average/bands will automatically disappear being replaced by the trailing stop.
Conclusion
I was just playing around when making the skeleton of the indicator, i hope the code is easy to understand, if you need some kind of explanation just pm me, i'm always open to help people/receive suggestions.
Best Regards
Multi Indicator Screener# 📊 Multi-Indicator Screener | BB + KC Squeeze + RSI + MACD + ADX
### 🔹 Institutional-Grade Multi-Symbol Scanner with Breakout Alerts
---
## 📌 Overview
The **Multi-Indicator Screener** is an advanced dashboard that monitors **10 symbols simultaneously** with **multi-indicator confluence**:
- 🔹 **Bollinger Bands + Keltner Channel (Squeeze Logic)**
- 🔹 **RSI + MACD Confirmation**
- 🔹 **ADX Trend Strength**
- 🔹 **ATR-based Trailing Stops**
- 🔹 **Volume-Confirmed Breakouts**
Designed for **professional traders**, this screener highlights **high-probability setups** across multiple assets in real time.
---
## ✨ Key Features
### 🔹 Bollinger Band Suite
- ✅ Detects **directional bias** (Bullish / Bearish / Neutral).
- ✅ Marks **Breakouts (Up/Down)** with optional **volume confirmation**.
- ✅ LazyBear-style **Squeeze Detection**:
- 🔒 Squeeze ON → Low volatility, contraction phase.
- 🚀 Squeeze OFF → Breakout potential.
- Neutral → No clear squeeze.
### 🔹 RSI + MACD Confluence
- ✅ RSI confirmation above user-defined threshold (default 55).
- ✅ MACD crossover confirmation.
- ✅ RSI value color-coded in table:
- 🔴 Oversold (<30)
- 🟢 Strong bullish (>60)
- 🟢 Lime (>75 = very strong)
- 🟠 Neutral zone
### 🔹 ADX Trend Strength
- ✅ Displays **ADX value**, plus **+DI / -DI**.
- ✅ ADX > 25 → Highlighted as strong trend.
### 🔹 ATR Trailing Stop Loss
- ✅ Auto-calculated **buy-side trailing stop** & **sell-side trailing stop**.
- ✅ Adjustable via multiplier input.
### 🔹 Multi-Symbol Screener Table
- ✅ Preloaded with **Top 10 Nifty 50 symbols** (customizable).
- ✅ Dashboard columns include:
- Symbol
- BB Direction
- Breakout
- Squeeze Status
- Higher-TF BB Confirmation
- RSI + MACD Signals
- RSI Value
- ADX, +DI, -DI
- Trailing SL (Buy/Sell)
- Volume Confirmation
---
## 🔔 Alerts
Each symbol has **independent breakout alerts**:
- 📢 `Volume-Confirmed BB Breakout Detected`
Alerts fire when a **breakout above/below Bollinger Bands** is confirmed with **above-average volume**.
---
## 📖 How to Use
1. **Select Symbols**
- By default, loads top Nifty 50 stocks.
- Replace with your preferred tickers (`NSE:RELIANCE`, `NASDAQ:AAPL`, `BINANCE:BTCUSDT`, etc.).
2. **Enable Presets**
- **Scalping Mode** → BB Length = 10, Multiplier = 1.5 (more sensitive).
- **Swing Mode** → BB Length = 30, Multiplier = 2.5 (smoother).
3. **Monitor Table**
- Look for **✔️ confirmations** across BB, RSI, MACD, ADX, and Volume.
- Strong setups = multiple confirmations aligning.
4. **Set Alerts**
- Add alerts for your desired symbols to never miss a breakout.
---
## 🎯 Best For
- ✅ Scalpers & Swing Traders
- ✅ Multi-asset monitoring (stocks, forex, crypto)
- ✅ Traders using **volatility breakout + momentum confirmation**
- ✅ Institutional-style dashboard users
---
## ⚠️ Disclaimer
This script is for **educational purposes only**.
It is **not financial advice**. Please backtest before trading.
---
Trader Marks Trailing SL + TP (BE @ 60%)This script provides a unique stop-loss and take-profit management tool designed for swing traders.
It introduces a two-stage stop-loss logic that is not available in standard TradingView tools:
Break-Even Protection: Once a defined profit threshold (e.g. 66%) is reached, the stop-loss automatically moves to break-even.
ATR-Based Trailing Stop: After a chosen delay (e.g. 12 hours), the script activates a dynamic trailing stop that follows market volatility using the ATR.
Flexible Ratchet Mechanism: The stop-loss can be locked at new profit levels and will never move backwards.
This combination allows traders to secure profits while still giving the trade room to develop. The indicator is especially useful for swing trading on 4H and daily timeframes but can be applied to other styles as well.
How to use:
Enter your entry price, stop-loss, and take-profit levels.
Choose your trailing mode: Exact S/L+ (simple) or Advanced (Delay + BE + Ratchet).
Adjust parameters such as ATR length or activation delay to match your strategy.
The script helps you balance risk and reward by ensuring that once the trade moves in your favor, you cannot lose the initial risk, while still benefiting from extended market moves.
ADX MTF mura visionOverview
ADX MTF — mura vision measures trend strength and visualizes a higher-timeframe (HTF) ADX on any chart. The current-TF ADX is drawn as a line; the HTF ADX is rendered as “step” segments to reflect closed HTF bars without repainting. Optional soft fills highlight the 20–25 (trend forming) and 40–50 (strong trend) zones.
How it works
ADX (current TF) : Classic Wilder formulation using DI components and RMA smoothing.
HTF ADX : Requested via request.security(..., lookahead_off, gaps_off).
When a new HTF bar opens, the previous value is frozen as a horizontal segment.
The current HTF bar is shown as a live moving segment.
This staircase look is expected on lower timeframes.
Auto timeframe mapping
If “Auto” is selected, the HTF is derived from the chart TF:
<30m → 60m, 30–<240m → 240m, 240m–<1D → 1D, 1D → 1W, 1W/2W → 1M, ≥1M → same.
Inputs
DI Length and ADX Smoothing — core ADX parameters.
Higher Time Frame — Auto or a fixed TF.
Line colors/widths for current ADX and HTF ADX.
Fill zone 20–25 and Fill zone 40–50 — optional light background fills.
Number of HTF ADX Bars — limits stored HTF segments to control chart load.
Reading the indicator
ADX < 20: typically range-bound conditions; trend setups require extra caution.
20–25: trend emergence; breakouts and continuation structures gain validity.
40–50: strong trend; favor continuation and manage with trailing stops.
>60 and turning down: possible trend exhaustion or transition toward range.
Note: ADX measures strength, not direction. Combine with your directional filter (e.g., price vs. MA, +DI/−DI, structure/levels).
Non-repainting behavior
HTF values use lookahead_off; closed HTF bars are never revised.
The only moving piece is the live segment for the current HTF bar.
Best practices
Use HTF ADX as a regime filter; time entries with the current-TF ADX rising through your threshold.
Pair with ATR-based stops and a MA/structure filter for direction.
Consider higher thresholds on highly volatile altcoins.
Performance notes
The script draws line segments for HTF bars. If your chart becomes heavy, reduce “Number of HTF ADX Bars.”
Disclaimer
This script is for educational purposes only and does not constitute financial advice. Trading involves risk.
BTC_Hull Suite StrategyOverview
BTC_Hull Suite Strategy is a trend-following system designed to keep drawdowns modest while staying exposed during genuine uptrends. It uses the Hull Moving Average (HMA) for fast, low-lag trend turns, a long-term SMA filter to avoid chop, and a percentage trailing stop to protect gains.
🔧 What the strategy includes
- Hull Moving Average (HMA) with configurable length (default 55)
- SMA filter (default 130) to trade only with higher-timeframe bias
- Trailing stop in percent (default 5%) based on the running peak of close
- Execution model: signals are evaluated on the previous bar and entries are placed at the next bar’s open (TradingView default)
📈 How it works:
✅ Entry (Long):
Detects a bullish Hull turn by comparing the current HMA to its value 3 bars ago:
h > h3 and h <= h3 → HMA just turned up on the prior bar
The SMA filter must confirm: close > sma
If both are true (and within the date window), a long is opened next bar at the open
❌ Exit:
Hull turn down: h < h3 and h >= h3 , or
Trailing stop: price closes below peak * (1 – trailingPct)
Either condition closes the position at the current bar’s close
Notes:
pyramiding = 1 → allows one add-on (maximum two concurrent long positions)
Position sizing defaults to 20% of equity per entry (adjustable in Properties)
Who is this for?
This strategy is tailored for Bitcoin traders (spot or perpetuals) who want a rules-based, low-lag trend system with built-in drawdown protection.
It works best on Daily or 4H charts, but parameters can be adapted for other timeframes.
⚠️ Disclaimer
This strategy is provided for educational and research purposes only.
It is not financial advice. Markets are risky — always test on your own data, include realistic fees/slippage, and forward-test before using real capital.
