Double Bollinger StrategyFrom "Bitcoin Trading Strategies: Algorithmic Trading Strategies For Bitcoin And Cryptocurrency That Work" by David Hanson.
*Works better with 1hr time frame and some input optimisations.
"Double Bollinger Band Scalping System
Recommended Timeframe: 1 minute or 5 minute *
Required Indicators:
// - RSI with a length of 14 (default settings)
// - Bollinger band #1 settings: Length = 50, stDev = 1 Hide the basis/middle line (basis line not needed for this strategy)
Note: This is the slower bollinger band in the directions
// - Bollinger band #2 settings: Length 20, stDev = 1 Hide the basis/middle line (basis line not needed for this strategy)
Note: This is the faster bollinger band in the directions
Enter Long/Buy Trade When:
// - RSI is above the level 50
// - A candle closes above the top of the faster bollinger band
Enter a long when a candle then closes above the top of the slower bollinger band, and price is above the top of both bands
Place a stop loss under the low of the entry candle Example of a long trade using this strategy
Exit Long Trade When: A candle closes below the top band of the fast bollinger band
Enter Short/Sell Trade When:
// - RSI is below the level 50
// - A candle closes below the bottom of the faster bollinger band
Enter a short when a candle then closes below the bottom of the slower bollinger band, and price is below both bands
Place a stop loss above the high of the entry candle Example of a short trade using this strategy
Exit Short Trade When: Price closes inside the bottom of the faster bollinger band"
Wyszukaj w skryptach "algo"
Pinbar-Rejection-IndicatorThis 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 version of the indicator, so be free to contribute, and soon I'm going to improve this indicator.
Traders RealityTraders Reality indicator
This indicator serves as the Tradingview equivalent of an MT4 indicator suite.
It differentiates from existing TV indicators in its style and total feature set (most notably PVSRA and PVSRA Override)
It was originally designed for forex markets, and it will work for crypto as well, but it has not been tested on stocks.
List of features:
PVSRA Candles
Market boxes (NY/JP/ HK /UK/ FR and Brinks Boxes)
5/13/50/200/800 EMAs (cloud for 50EMA)
Pivot points (S/M/R 1,2,3; PP )
Yesterday and Last Week price range
Average Daily Range (Weekly and Monthly as well)
Daily Open
PVSRA Override
All of these are configurable in the indicator settings.
Usage instructions:
PVSRA Candle colors meaning:
Green (bull) and red (bear): Candles with volume >= 200% of the average volume of the 10 previous chart candles, and candles where the product of candle spread x candle volume is >= the highest for the 10 previous chart time candles.
Blue (bull) and blue-violet (bear): Candles with volume >= 150% of the average volume of the 10 previous chart candles
PVSRA Override
In order to get reliable bar coloring, we need accurate data. If you're on a chart with low volume on some obscure exchange, you may want to use another exchanges datafeed for the symbol you are on to calculate the PVSRA bar colors with. This lets you do exactly that. By default it's off, but you can turn it on and use INDEX:BTCUSD, or really any other chart you want. You can combine charts too, e.g. use BINANCE:BTCUSDT+COINBASE:BTCUSD.
PVSRA Alerts
Alerts can be made for PVSRA "vector"/"climax" candles:
1. Create Alert (Clock with + sign)
2. Set Condition: "Traders Reality",
3. Select "Alert on Vector Candle",
4. Set it to Once per Bar,
5. choose your notification options.
Market boxes
The market boxes times are configurable and will change depending on the exchange timezone. I recommend to pick your main exchange/chart and adjust the times so that they are correct. Technically you will need to shift the time from the exchanges' timezone to GMT . Default values should be good for UTC based exchanges in current US+UK summer time.
Recommended additional Tradingview indicator(s):
- TDI - Goldminds, Edited for Market Makers Method by Jakub Donovan
Footnotes
The code was originally by plasmapug, continued development (with permission) is now done by infernix and peshocore.
If you have suggestions or questions, you can message me or leave a comment.
Previous changelog (while it was private):
Mar 27 2021 Release Notes: dropped the inputs for the session boxes, no need to set any colors there
Mar 29 2021 Release Notes: Reworked the level drawing. Should work on all timeframes below daily now. Updated ADR level calculations to match with Tinos MT4 setup.
Mar 29 2021 Release Notes: Added configurable label offset (thanks Hud ). Add config option for pivot level extension to the left. Add option to hide ADR range
Mar 31 2021 Release Notes: Implemented PVSRA according to MT4 algorithm. Disabled market boxes on 3min, to be fixed later. Relabeled yesterday high. Colored market boxes.
Mar 31 2021 Release Notes: Clean up the market range boxes so that lines don't block wick visibility. Shift opening range to the first hour and make it configurable. Clean up configuration
Apr 2 2021 Release Notes: Added a session for Sydney. Update Sydney time. Add PVSRA calculation symbol override.
Apr 3 2021 Release Notes: No lookahead on PVSRA, should fix strangeness with candle colors. Added crypto weekly high according to Tinos range. May need some additional tuning.
Apr 5 2021 Release Notes: Another attempt at fixing PVSRA candle color issues. Start of refactoring. Adjusted crypto weekly math (still not exactly correct but getting there). Fixed pivot labels rendering at price 0.0 when levels not enabled
Apr 5 2021 Release Notes: Fix rendering in the 1 minute timeframe
Apr 8 2021 Release Notes: Transparency for pivot point lines (configurable color too). Conversion to functions by the great peshocore (thx!). Toggles for ADR AWR AMR . Updated psy low/high math
Jun 2 2021 Release Notes: Long overdue update, but no fundamental changes. Removed the psy/crypto weekly high/low due to its inaccuracy. You should put these lines on your chart manually. AWR does not show up by default, can be re-enabled in settings. Switched to f_security; this should resolve the redrawing of M levels together with the next update. Altered line drawing functions so that they update once the day rolls over, should fix the updating of M levels after midnight (Exchange time)
Jun 9 2021 Release Notes:Update pivot and M level update mechanism. Fixed ADR math, should now match MT4 more closely
Jun 10 2021 Release Notes: You can now create alerts on vector candles using the "Alert on vector candle" alert condition.
Jun 17 2021 Release Notes:Sync EMA color settings with EMA labels. Some bugfixes related to pivot and M levels, paritcularly M1
Jun 17 2021 Release Notes: Cosmetic fix (keep EMAs editable), no functional change
Jun 24 2021 Release Notes: Make session boxes configurable (color/opacity). Add daily open. Add bb rinks boxes
Jun 30 2021 Release Notes:. Add Frankfurt session
Jul 2 2021 Relase Notes: You can now en/disable each individual market box, its label, and its opening range
HYE Mean Reversion VWAP [Strategy]An RSI filtered version of PJ Sutherland's Jaws Mean Reversion algorithm using volume weighted average price (VWAP) instead of simple moving average (SMA).
"Long" on the close when;
1-) 2 period VWAP closes 3% or more below the 5 period VWAP ,
2-) 5 period exponential average of the 2 period RSI is below 30.
"Exit Long" on the close when;
1-) 2 period VWAP closes above the 5 period VWAP.
"Short" on the close when;
1-) 2 period VWAP closes 3% or more above the 5 period VWAP ,
2-) 5 period exponential average of the 2 period RSI is above 70.
"Exit Short" on the close when;
1-) 2 period VWAP closes below the 5 period VWAP.
*** You can change the needed percentage for long and short trades, periods of VWAPs and RSI levels.
*** You can select the trend direction: "Long Only" , "Short Only" or "Both". Default is "Long Only".
I used the "VWAP with period" indicator code of @neolao. Special thanks to @neolao.
Indicator Link:
HYE Mean Reversion SMA [Strategy]An RSI filtered version of PJ Sutherland's Jaws Mean Reversion algorithm.
"Long" on the close when;
1-) 2 period simple moving average closes 3% or more below the 5 period simple moving average,
2-) 5 period exponential average of the 2 period RSI is below 30.
"Exit Long" on the close when;
1-) 2 period simple moving average closes above the 5 period moving average.
"Short" on the close when;
1-) 2 period simple moving average closes 3% or more above the 5 period simple moving average,
2-) 5 period exponential average of the 2 period RSI is above 70.
"Exit Short" on the close when;
1-) 2 period simple moving average closes below the 5 period moving average.
*** You can change the needed percentage for long and short trades, periods of simple moving averages and RSI levels.
*** You can select the trend direction: "Long Only" , "Short Only" or "Both". Default is "Long Only".
Weighted Harrell-Davis Quantile Estimator with AbsoluteDeviation
QUANTILE ESTIMATORS
Weighted Harrell-Davis Quantile Estimator with Absolute Deviation Fences.
DISCLAIMER:
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
The following indicator was made for NON LUCRATIVE ACTIVITIES and must remain as is, following TradingView's regulations. Use of indicator and their code are published for work and knowledge sharing. All access granted over it, their use, copy or re-use should mention authorship(s) and origin(s).
WARNING NOTICE!
THE INCLUDED FUNCTION MUST BE CONSIDERED FOR TESTING. The models included in the indicator have been taken from open sources on the web and some of them has been modified by the author, problems could occur at diverse data sceneries, compiler version, or any other externality.
Purpose:
Weighted Quantiles or <> are quite difficult to find on must systems, also it's non-weighted approach are rarely used to estimate the location parameter of price distribution WICH IS NOT NORMAL, all this in favour of it's non-robust counterpart, the Arithmetic rolling Mean or <> and it's weighted variants like the WMA, VWAP, etc.
Also, a big drawback from this is that must statistics derived from Normal-Distribution parameter location (the Mean) definitely will not fit for an efficient, nor robust estimation for price distributions, so their moments like the standard deviation, kurtosis, skewness, etc. will not be the better tools to build derived algorithms or technical indicators among price/volume.
In an effort searching better statistical tools for price distributions, I found the excellent work of Andrey Akinshin that took me to port some of their Math research contributions for the compute benchmarking field , and bring it here at the TradingView ecosystem to take a shot at the price distribution crazy fields. For a better detail of what the weighted Harrell-Davis Quantile Estimator can do, who better than drink directly from the source at References:
References:
Weighted Quantile Estimators.
DoubleMAD outlier detector based on the Harrell-Davis quantile estimator.
Unbiased median absolute deviation based on the Harrell-Davis quantile estimator.
Quantile confidence intervals for weighted samples.
Licensing:
This work is licensed under a Attribution-NonCommercial-ShareAlike 4.0 International Copyright (c) 2021 (CC BY-NC-SA 4.0)
Copyright's & Mentions:
The Gamma Functions & Beta Probability Density Functions C# implementations by the Math.NET Numerics, part of the Math.NET Project.
The Regularized Incomplete (Left) Beta Function C# implementation by the SAMTools, htslib project.
The Weighted Harrell-Davis Quantile estimator ; C# & R implementations by Andrey Akinshin.
External PineScript code, methods, support & consultancy by @PineCoders staff with special mention for:
+ "ma sorter ('sort by array' example)- JD" by @Duyck.
+ Porting, mods, compilation and debugging for this script by @XeL_Arjona for the TradingView's @PineCoders community.
5MA_X_LThis is a 5 day moving average crossing long strategy in 10 min. chart, used in short term momentum trading strategy.
Momentum trading Strategy: When S&P 500 index is at up trend (or above 60 sma ), buy 10+ stocks in top 20% stock RS ranking at equal weight using this MA5X_L strategy. Change stocks when any stock exited by algorithm.
Back test start since 2020/7/1, each long entry for condition 1 is $30000, condition 2 is $20000, with max of 2 long positions.
Setup: 10 minutes chart
Buy condition 1) 3 wma cross up 195 wma (5day) 2) 3wma > 78wma > 195wma UP Trend Arrangement (UTA)
Exit condition 1) 3 wma cross under 195 wma 2) position profit > 20% and 3 wma cross under 6 ATRs line (green)
[FTA] Curvature of MeniscusIntroduction:
Curvature of Meniscus is a hybrid indicator comprised of three parts:
1. The first part is a heavily modified Demarker RSI which is represented as the histogram and is the main trend indicator C1 .
2. The second part is the 0 line which is replaced by the Waddah Attar Explosion V2 indicator C2 .
3. The third part is the background color which is borrowed from the Klinger Safety Zones volume indicator Vol .
It is smooth and has almost zero lag.
The signals can be used as per nnfx C1-C2-Vol algorithm.
The DeMarker indicator is relatively unknown to trading beginners but enjoys huge support from the more experienced traders. The indicator measures the strength of a trend and thus can give you a warning when a change in the trend direction might occur. This can not only help you to find new trade entries but also prevent you from entering into losing trades or letting your open trades run and ultimately result in a loss.
The line of the indicator is calculated as follows: First the indicator finds the minimal and the maximal value of the specified period. Afterwards those values are used to calculate the moving average of these values which then is displayed in the chart. Just like most oscillators the DeMarker indicator uses oversold and overbought zones at 0.3 and 0.7 to define good entry opportunities.
The "Curvature of Meniscus" indicator has the DeMarker indicator/RSI modified in three different ways:
1. Smoothed and almost no-lagged;
2. Colored histogram to determine the trend and the divergences;
3. An early signal line for those who like to take counter-trend trades/reversal entries.
Play with the settings and let me know what you think about this new hybrid!
How to use Leverage and Margin in PineScriptEn route to being absolutely the best and most complete trading platform out there, TradingView has just closed 2 gaps in their PineScript language.
It is now possible to create and backtest a strategy for trading with leverage.
Backtester now produces Margin Calls - so recognizes mid-trade drawdown and if it is too big for the broker to maintain your trade, some part of if will be instantly closed.
New additions were announced in official blogpost , but it lacked code examples, so I have decided to publish this script. Having said that - this is purely educational stuff.
█ LEVERAGE
Let's start with the Leverage. I will discuss this assuming we are always entering trades with some percentage of our equity balance (default_qty_type = strategy.percent_of_equity), not fixed order quantity.
If you want to trade with 1:1 leverage (so no leverage) and enter a trade with all money in your trading account, then first line of your strategy script must include this parameter:
default_qty_value = 100 // which stands for 100%
Now, if you want to trade with 30:1 leverage, you need to multipy the quantity by 30x, so you'd get 30 x 100 = 3000:
default_qty_value = 3000 // which stands for 3000%
And you can play around with this value as you wish, so if you want to enter each trade with 10% equity on 15:1 leverage you'd get default_qty_value = 150.
That's easy. Of course you can modify this quantity value not only in the script, but also afterwards in Script Settings popup, "Properties" tab.
█ MARGIN
Second newly released feature is Margin calculation together with Margin Calls. If the market goes against your trades and your trading account cannot maintain mid-trade drawdown - those trades will be closed in full or partly. Also, if your trading account cannot afford to open more trades (pyramiding those trades), Margin mechanism will prevent them from being entered.
I will not go into details about how Margin calculation works, it was all explainged in above mentioned blogpost and documentation .
All you need to do is to add two parameters to the opening line of your script:
margin_long = 1./30*50, margin_short = 1./30*50
Whereas "30" is a leverage scale as in 30:1, and "50" stands for 50% of Margin required by your broker. Personally the Required Margin number I've met most often is 50%, so I'm using value 50 here, but there are literally 1000+ brokers in this world and this is individual decision by each of them, so you'd better ask yourself.
--------------------
Please note, that if you ever encounter a strategy which triggers Margin Call at least once, then it is probably a very bad strategy. Margin Call is a last resort, last security measure - all the risks should be calculated by the strategy algorithm before it is ever hit. So if you see a Margin Call being triggred, then something is wrong with risk management of the strategy. Therefore - don't use it!
Grid Bot AutoThis script is an auto-adjusting grid bot simulator. This is an improved version of the original Grid Bot Simulator. The grid bot is best used for ranging/choppy markets. Prices are divided into grids, or trade zones, that will trigger signals each time a new zone is entered. During ranging markets, each transaction is followed by a “take profit.” As the market starts to trend, transactions are stacked (compare to DCA ), until the market consolidates. No signals are triggered above the Upper Limit or Below the Lower Limit. Unlike the previous version, the upper and lower limits are calculated automatically. Grid levels are determined by four factors: Smoothing, Laziness, Elasticity, and Grid Intervals.
Smoothing:
A moving average (or linear regression) is applied to each close price as a basis. Options for smoothing are Linear Regression, Simple Moving Average, Exponential Moving Average, Volume-Weighted Moving Average, Triple-Exponential Moving Average.
Laziness:
Laziness is the percentage change required to reach the next level. If laziness is 1.5, the price must move up or down by 1.5% before the grid will change. This concept is based on Alex Grover’s Efficient Trend Step. This allows the grids to be based on even price levels, as opposed to jagged moving averages.
Elasticity:
Elasticity is the degree of “stickiness” to the current price trend. If the smoothing line remains above (or below) the current grid center without reverting but still not enough to reach the next grid level, the grid line will start to curve toward the next grid level. Elasticity is added to (or subtracted from) the gridline by a factor of minimum system ticks for the current pair. Elasticity of zero will keep the gridlines horizontal. If elasticity is too high, the grid will distort.
Grid Intervals:
Grid intervals are the percentage of space between each grid.
Laziness = 4%, Elasticity = 0. Price must move at least 4% before reaching the next level. With zero elasticity, gridlines are straight.
Laziness = 5%, Elasticity = 100. For each bar at a new grid level, the grid will start “curve” toward the next price level (up if price is greater than the middle grid, down if less than middle grid). Elasticity is calculated by the user-inputted “Elasticity” multiplied by the minimum tick for the current pair (ELSTX = syminfo.mintick * iELSTX)
Try experimenting with different combinations of the Smoothing Length, Smoothing Type, Laziness, Elasticity, and Grid Intervals to find the optimum settings for each chart. Lower-priced pairs (e.g. XRP/ADA/DODGE) will require lower Elasticity. Also note that different exchanges may have different minimum tick values. For example, minimum tick for BITMEX:XBTUSD and BYBIT:BTCUSD is .5, but BINANCE:BTCUSDT and COINBASE:BTCUSD is .01.
s3.tradingview.com
DODGEUSDT, 5min. Laziness: 4%, Elasticity 2.5
Number of Grids: 2. Laziness: 3.75%. Elasticity: 150. Grid Interval 2%.
Settings Overview
Smoothing Length : Smoothing period
Smoothing Type : Linear Regression, Simple Moving Average, Exponential Moving Average, Volume-Weighted Moving Average, Triple-Exponential Moving Average
Laziness : Percentage required for price to move until it reaches the next level. If price does not reach the next level (up or down), the grid will remain the same as previous grid (because it’s lazy).
Elasticity : Amount of curvature toward the next grid, based on the current price trend. As elasticity increases, gridlines will curve up or down by a factor of the number of ticks since the last grid change.
Grid Interval : Percent between grid levels.
Number of Grids : Number of grids to show.
Cooldown : Number of bars to wait to prevent consecutive signals.
Grid Line Transparency : Lower transparencies brighten the gridlines; higher transparencies dim the gridlines. To hide the gridlines completely, enter 100.
Fill Transparency: Lower transparencies brighten the fill box; higher transparencies dim the fill box. To hide the fill box completely, enter 100.
Signal Size : Make signal triangles large or small.
Reset Buy/Sell Index When Grids Change : When a new grid is formed, resetting the index may prevent false signals (experimental)
Use Highs/Lows for Signals : If enabled, signals are triggered as soon as the price touches the next zone. If disabled, signals are triggered after bar closes. Enable this for “Once Per Bar alerts. Disable for “Once Per Bar Close” alerts.
Show Min Tick : If checked, syminfo.mintick is displayed in upper-righthand corner. Useful for estimating Laziness.
Reverse Fill Colors : Default fill for fill boxes is green after buy and red after sell. Check this box to reverse.
Note: The Grid Bot Simulator scripts are experimental and works in progress. Please feel free to comment or contact me if you have suggestions/complaints.
HMA_ATR StrategyATR with HMA experimental minimalist bot for ETHBTC .
A strategy for use by Automated Algorithm systems.
Different from normal ATR as it uses HMA for smoothing.
Example settings result shown here on chart include commission 0.5%
Trader Pressure Index (TPX)This is my take on the script by RedK
I kept the algorithm exactly the same, but changed the layout and the default look back period. Most important is that the resulting line, the TPX, is now a histogram with green and red staves.
To put the histogram on a logical place in the graph, I changed the way the control/dominance level is implemented, it now lowers or highers the whole graph, this way the zero level becomes the ‘no interest’ level.
I added two horizontal lines at a distance of 40 because I feel that this is sort of an oversold / overbought indication. In practice not very convincing, but provides a visual comparison.
In this layout I explain that grass is growing on bull hills peaking up behind the foreground and blood is dripping from the bear hills.
Enjoy.
SuTrading Gann Levels By NareshThis script is used to calculate the Gann square off 9 levels.
To Use this indicator Follow the below steps
1. open chart and add this indicator
2. at 9:35AM(IST) check the VWAP value of a stock and enter into scripts input then submit
3. scripts draws the recommended buy, sell and target levels on the chart by using Gann square off 9 algorithm.
Extrema DetectorDetermines local maximums and minimums points in the chart.
Parameters:
lookback : number of candlesticks to look.
extrema_finder_sensivity : If lower, more extreme points will be found (may over-find).
Brief algorithm description:
Computes a Simple Moving Average (length= extrema_finder_sensivity ), and searches for its local extremes.
Given some SMA extreme, it looks the previous extrema_finder_sensivity candlesticks to find the highest (or lowest value).
Notes:
Is a lagged indicator: determining if the current candlestick have reach a maximum can be delayed to, at most extrema_finder_sensivity -further candlesticks.
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.
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.
Simple Volume Oscillator (SVO), by @BlueJayBirdSimple Volume Oscillator, or SVO. I came up with this idea while studying Spread Volume Analysis (SVA). It uses the Trading View's built-in RSI function to simplify volume values for further interpretation.
// -------------------- ENGLISH, Inglés
How to Use:
- When there's little volume activity, expect the oscillator to be closer to the zero line.
- Wait for a probable sudden increment up to close 100 when volume enters into the market.
- It works pretty much as a volatility oscillator, but it eliminates the noise of the price, and the noise of the volume bars, always so vertical and linear, which sometimes are hard to understand at first glance.
- As any oscillator, it suffers from some lagging when compared to the price action, but for the most part is pretty accurate.
- Remember the cyclical nature of markets: If things are quite, something is coming.
- NOTE: The oscillator WILL NOT indicate market direction, that bias is up to the analyst to find out.
- Like. Follow. Comment.
// -------------------- SPANISH, Español
Cómo usar:
- Cuando hay poca actividad de volumen, el oscilador debería estar cercano a cero.
- Esperá por un posible incremento repentino hasta 100 cuando entre volumen en el mercado.
- Funciona de manera similar a un oscilador de volatilidad, pero elimina cualquier ruido del precio, y el ruido de las barras de volumen, siempre tan verticales y lineales, lo que las hace difícil de descifrar a simple vista.
- Como cualquier oscilador, sufre de un ligero retraso respecto de la acción del precio, pero por lo demás, es bastante preciso.
- Recordá la naturaleza cíclica de los mercados: Si las cosas están quietas, es porque algo está por suceder.
- NOTA: Este oscilador NO VA A decirte qué dirección va a seguir el precio; eso es algo que vas a tener que descubrir por tu cuenta.
- Like, seguí, comentá.
MJ Important Candlestick Patterns + Smart TrendThis script detects 6 important candlestick patterns defined by the author and puts chart labels on your chart for your attention. It also includes a smart trend checking algorithm to detect trends.
The six candlestick patterns covered are:
Bullish Engulfing
Bearish Engulfing
Piercing Line
Dark Cloud Cover
Bullish Harami
Bearish Harami
*** Smart feature of this indicator is that it can detect uptrends or downtrends before alerting you regarding the bullish or bearish reversal candlestick pattern. This is achieved by comparing the typical price (high+low+close divided by 3) of today's candle versus three days ago.
Strategy NNFX Tester Strategy NNFX, Baseline, QQEs Fast C1, Slow C2, ATR, Volume and Exit
This is a Strategy Tester designed to work with Study (Alerts) of the same.
At time of creation based on Revision 8 of the Study.
DO NOT USE the Currency/Money Management section under settings. use the position sizing under "Inputs" - "Money Management" - "Risk per trade" which is defaulted to 2%
This has adjustable Baselines, Exits, ATR calculations, C1 and C2 are currently QQE & QQE Histo with adjustable settings but I'll include more choice of C1 & C2 as time goes on.
Find settings that work for you, then move them over to the Study version for best results.
Forward plans are to add much more options to both Alert/Strategy.
If anyone wants to collaborate or anything hit me up.
NNFX, Baseline, QQEs Fast C1, Slow C2, ATR, Volume and ExitDesigned Around the NNFX rules
Selectible Baseine
Selectible Exit Indicators
ATR bands, ATR labels for TP and TSL (1x and 1.5x ATR).
Indication (White Diamond) where candle is over 1x ATR in size.
Combined QQE Fast & Slow (C1 & C2) confirmations, Candles Grey before Trend Confirmed, change to Normal Colour when Trend established (QQE MOD used for calcualtions).
Continuations signaled by white dot above/below candle (0.9x ATR from Close Signal).
Exit Long and Exit Short signaled by Red and Blue Arrow under/above candle.
[blackcat] L1 Enhanced Awesome OscillatorLevel: 1
Background
The awesome oscillator is just that, an oscillator by Bill Williams. In contrast to the slow stochastics, which ranges from +100 to -100, the fantastic oscillator is limitless. On the surface, one might think that the fantastic oscillator is made up of a complicated algorithm developed by a Whiz Kid from M.I.T. You will be surprised to learn that the indicator is a basic calculation of two simple moving averages. I made some improvements on it by introducing some novel moving average functions and choppiness index as L1 Enhanced Awesome Oscillator.
Function
Yellow bars for bull and fuchsia bars for bear with candles. Buying and selling signal is provided. Divergence signal is provided. Choppiness index is used as a green background color, which indicates trends when it under green color. The choppiness index is used to filter out entry signals.
Key Signal
yellow candle --> bull
fuchsia candle --> bear
yellow DIV label --> bottom divergence
fuchsia DIV label --> top divergence
red SELL label --> short entry
green BUY label --> long entry
Remarks
Feedbacks are appreciated.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Moving Average Weighted, Volume AdjustedVAWMA = VWMA and WMA combined.
Simply put, this attempts to determine the average price per share over time, weighted heavier for recent values.
Uses triangular algorithm to taper off values in the past (same as WMA does).
Why use this?
Let's say the earliest bar of the VWMA has a huge amount of volume. That means that when the next bar arrives, there will be an abrupt change in the moving average that doesn't represent the current value properly. VAWMA eliminates this problem by triangular weighting each bar.
Quantitative Qualitative Estimation QQE
The QQE indicator is a momentum based indicator to determine trend and sideways.
The Qualitative Quantitative Estimation (QQE) indicator works like a smoother version of the popular Relative Strength Index (RSI) indicator. QQE expands on RSI by adding two volatility based trailing stop lines. These trailing stop lines are composed of a fast and a slow moving Average True Range (ATR). These ATR lines are smoothed making this indicator less susceptible to short term volatility.
The most common method of using QQE is to look for crosses of the fast and slow moving trailing stop lines during periods when the QQE line reflects overbought or oversold conditions
Qualitative Quantitative Estimation made up of a smoothed Relative Strength Index (RSI) indicator plus fast and slow volatility-based trailing levels.
Qualitative Quantitative Estimation can be used in two directions:
1.Determine the trend, i.e. if the line is above the 50 level, the trend is ascending, if below - descending;
2.Search for signals at the moment of crossing of the QQE FAST (maroon) and QQE SLOW (blue) lines.
The QQE itself is generally considered to indicate an up-trend ifQQE FAST is above QQE SLOW, and a down-trend if below QQE SLOW.
Often a middle-range between 40 and 60 is set and if the indicator is in that range, then the market is considered to be tracking sideways, or in no trend.
You will need to set only one parameter – “SF” "RSI SMoothing Factor", an analogue of the period in RSI.
By the way, judging from the open source information, the algorithm used the standard strength index with a period of 14 for calculations.
Various signals can be created from the indicator such as:
-Buy when QQE FAST crosses above QQE SLOW below 50 level or just buy when QQE lines crosses above 50 level.
-Sell when QQE FAST crosses below QQE SLOW above 50 level or just sell when QQE lines crosses below 50 level.
WARNING: QQE IS A RSI BASED INDICATOR SO THAT IT CAN TRIGGER FALSE SIGNALS DURING DIVERGENCES!
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