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Ichimoku Cloud and Bollinger Bands (by Coinrule)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future. The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals. The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in. The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line. The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up. The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down. The Bollinger Bands are among the most famous and widely used indicators. A Bollinger Band is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average ( SMA ) of a security's price, but which can be adjusted to user preferences. They can suggest when an asset is oversold or overbought in the short term, thus providing the best time for buying and selling it. This strategy combines the Ichimoku Cloud with Bollinger Bands to better enter trades. Long orders are placed when these basic signals are triggered. Long Position: Tenkan-Sen is above the Kijun-Sen Chikou-Span is above the close of 26 bars ago Close is above the Kumo Cloud The closing price is greater than the upper standard deviation of the Bollinger Bands Short Position: Tenkan-Sen is below the Kijun-Sen Chikou-Span is below the close of 26 bars ago Close is below the Kumo Cloud The upper standard deviation of the Bollinger Band is greater than the closing price The script is backtested from 1 January 2022 and provides good returns. The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance. This script also works well on BTC 30m/1h, ETH 2h, MATIC 2h/30m, AVAX 1h/2h, SOL 45m timeframes
Pine Script® strategy
by Coinrule
RSI+ by Wilson (alt)Extension of the excellent RSI+ script by Wilsonlibero. I tweaked the parameters to better fit crypto markets, and I added a few more visuals, such as midline, overbought/oversold threshold lines and areas, background coloration depending on RSI trend above or below midline, and a few other tweaks especially colors (fixed the transp parameter deprecation for example). The color theme is by default more optimized for dark mode charts, but all colors can be configured, and all drawings can be enabled/disabled/tweaked in the parameters. I'm just giving back to the community since I could modify this script only because it was open-source. If you like this script, please don't give me any credit, but please show some love to the original author Wilsonlibero:
Pine Script® indicator
by tartigradia
3
Covering Shadow Candle PatternThis indicator shows 3 types of objects on chart: 1. downward red triangle above a candle: 3 green candles followed by a fourth red candle of which the low price is lower than the low of the 3 previous green candles, this is usually the sign of reversal from upward movement to a downward one. 2. 1. upward green triangle below a candle: 3 red candles followed by a fourth green candle of which the high price is higher than the high of the 3 previous red candles, this is usually the sign of reversal from downward movement to a upward one. 3. boxes: these boxes are drawn when the patterns of cases 1 and 2 fails to perform as expected which means we have some important areas at that level so it can be a resistance or support zone .
Pine Script® indicator
by Mahdi_Fatemi1998
8
Future Risk CalculatorCreated out of revenge against the difficulty of controlling psychology, greed, and risk management. Designed for cryptocurrency futures trading by following the risk management principles from Kevin Sailly. Very welcome if there are suggestions and input to improve the quality of this "indicator". Please use wisely. How to use: 1. Open indicator settings. 2. Fill out all the forms. (Note: I make Max Loss Risk only has 5 options. Because, you know, to control the greed. You can choose by considering your risk profiles and market condition) 3. All of the information and calculation will appear on the label (right side of the bar chart) and top-right box. 4. You can adjust the three prices (target, entry, and stop) by clicking any part of the indicator. There will be three dots in the middle of the chart window (align with three prices). Click that dots and drag them up/down to customize according to your wishes. The price order must be correct, for LONG direction the price order from the top is target-entry-stop. Vice versa for SHORT direction. There will be "SETUP ERROR" text in the top-right box if the price order is not correct. "Never, ever argue with your trading system." (by Michael Covel) Regards, Ircham
Pine Script® indicator
by i_am_ian
4
Normalized Correlation CoefficientThis is a normalized correlation coefficient that can be used with any timeframe or symbol desired (found in the indicator settings). The normalization function makes the coefficient bound between 0-1. There is a subjective threshold at 0.80 where anything below the threshold tends to be higher risk in trading as opposed to above the threshold. Suggestions: - Use a timeframe slightly higher than your current chart for optimal results. - Do not use as a standalone strategy, rather, use it as a layer of confirmation. - For altcoin cryptocurrencies, we suggest tethering the indicator to the "OTHERS" chart.
Pine Script® indicator
by LeafAlgo
2
TARVIS Labs - Bitcoin Macro Bottom/Top SignalsSCRIPT DESCRIPTION This is a script specifically written to help provide indicators from a macro view. This script is best run on the 1 day interval on Bitstamp's $BTCUSD chart. It helps indicate when to accumulate bitcoin, and when its in a bull run when there are local tops, strong top warnings, and a signal to exit a bull run. This is described further below. If you don't have interest in trading on the way to the top I suggest turning off the following indicators in the settings of the indicator: - Opportunity To Buy Back In Indicator - Local Top Near Bull Run Top Indicator ACCUMULATION ZONE INDICATOR - LIGHT GREEN Description When we look at the history of Bitcoin every bottom has crossed below the 100 week EMA. Once it does its accompanied by hash ribbon cross with miner capitulation. After that is the prime time to accumulate as theres a clearer signal the bottom is in. Specifically, a signal to look for is the 14 day MACD/signal cross and the 14 day MACD continuing to stay above the signal until the price returns above the 100 week EMA. This is prime accumulation territory. Strategy for Usage A good strategy to use when accumulating the bottom is dollar-cost averaging over a 30 day period. The accumulation zone can last longer than 30 days but 30 days is a good range of time to DCA. STRONG BUY IN ACCUMULATION ZONE INDICATOR - DARK GREEN Description We can add to the bottoming signal by looking for post-downtrend reversals inside the bottoming signal. We do this by using a 9/19 daily cross. Strategy for Usage These post-downtrend reversals can potentially provide better targeted days for accumulation than the broader bottoming signal and can be used to add more on that day than on an average day for the dollar cost average strategy. Say for example, use 1/3 of funds on these days rather than 1/30th. OPPORTUNITY TO BUY BACK IN INDICATOR - BLUE Description When the 1d 18 EMA > 1d 63 EMA and the 12/52 1d crosses. These together provide good buy opportunities to buy bitcoin. Strategy for Usage If you happen to find yourself out of the market from your own TA or a trade, this signal can provide a buy opportunity to reenter the market if you're out of it. BULL RUN LOCAL TOP INDICATOR - ORANGE Description We will similarly use the 100 week EMA to determine trend reversal into a bull run. When we see the 100 week EMA uptrending, we can begin to look for local tops using the 9/19 daily MACD/signal bearish cross along with the 12 EMA having a negative slope, which could be the beginning signal for a local top. Strategy for Usage This is a rather light indicator, but can be used in tandem with your own technical analysis to determine if you want to reenter after you exit from its signal. LOCAL TOP NEAR BULL RUN TOP INDICATOR - RED Description When the 100 week EMA is in an uptrend we can look for significant loss of momentum in order to determine if a local top is in near a bull run top. Similar to the Bull Run Local Top Indicator, this strategy uses a MACD/signal cross but instead uses the 30/65 day EMAs. Strategy for Usage Ideally the right strategy to use here is to exit the market when this indicator starts. When the indicator ends if the "End of Bull Run Indicator" is not showing on the chart you can buy back into the market. TOP IS LIKELY IN INDICATOR Description When the 100 week EMA is in a very strong uptrend and the 9/19 weekly MACD/signal bearish cross occurs, and the 63 EMA begins to downtrend. Strategy for Usage This signal typically accompanies the "Local Top Near Bull Run Top Indicator" therefore if you're following the strategy you would likely already be out of the market, but if you're not and this signal fires its a strong signal the top is in and we're likely going to start seeing a strong retrace. This is typically right before we see the "End of Bull Run Indicator". There is only one occurrence where it wasn't followed by a large drop & the "End of Bull Run Indicator" and that was in the 2017 bull run where there were many strong retracements post local top. The likelihood we see that again is low, but if it were to happen you can buy back into the market when the "Top is Likely In Indicator" and the "Local Top Near Bull Run Top Indicator" are not firing. TOP IS LIKELY IN INDICATOR Description When the 100 week EMA is in a strong uptrend and the 9/19 weekly MACD/signal bearish cross occurs, and the 63 EMA begins to downtrend. Strategy for Usage This signal typically accompanies the "Local Top Near Bull Run Top Indicator" therefore if you're following the strategy you would likely already be out of the market, but if you're not and this signal fires its a strong signal the top is in and we're likely going to start seeing a strong retrace. This is typically right before we see the "End of Bull Run Indicator". There is only one occurrence where it wasn't followed by a large drop & the "End of Bull Run Indicator" and that was in the 2017 bull run where there were many strong retracements post local top. The likelihood we see that again is low, but if it were to happen you can buy back into the market when the "Top is Likely In Indicator" and the "Local Top Near Bull Run Top Indicator" are not firing. END OF BULL RUN INDICATOR Description When the 100 week EMA is in an uptrend and the 1d 18 EMA crosses the 1d 63 EMA. Strategy for Usage When the 100 week EMA is a strong uptrend and the 18/63 cross occurs the top is very likely in. It has occurred in every bull run top leading to the bear market.
Pine Script® indicator
by arrash0x
Bitfinex Shorts StratOverview This strat applies the data from BITFINEX:USDSHORTS to the RSI indicator in order to provide SHORT/LONG entries as the number of contracts goes up and down. Although Bitfinex has lost relevance over the years its generally considered an exchange dominated by smart money rather than retail. I'd like to see if any insights can be gained by following their trading behaviour. How to use Select the underlying security you wish to trade and load the indicator. Select the appropriate short security by searching in the Bitfinex Short Symbol. RSI settings apply to short symbol not the actual asset. Strategy shorts the underlying asset when shorts rise and longs when they drop. The shorts symbol will follow the value of the loaded chart. Works best on 4 hour chart. Why use shorts only rather than both long/shorts? Bitfinex longs seem to be on a long-term uptrend accounting for 25x the number of shorts. Might be enormous confidence on part of the whales, but more likely reflects selling spot and buying perp. Given the size disparity and price action I don't think longs info is adding much. Problems with script: a) We don't really know the intentions of short players (e.g. speculation or hedging spot) b) The script uses a decline in shorts as a long signal c) RSI is a blunt tool there are probably better options for calculating high/lows in shorts d) Shorts are accumulated both at highs and also when BTC price is already heavily trending down. This suggests some are speculative (at the highs) or protective/hedging during a decline Takeaways: Based on this strat Bitfinex whales are more wrong than right. Results don't carry across well into altcoins using the accompanying short symbol. However, what is interesting is that applying the BITFINEX:BTCUSDSHORTS to altcoin charts does work pretty well. Strat needs some refinement to control for entries under different circumstances. Probably not a great idea to use this as a strategy in isolation, but highlights how Bitfinex whale behaviour is a good gauge to follow.
Pine Script® strategy
by kuhoerk
1
HPI for crypto [ptt]The Herrick Payoff Index is designed to show the amount of money flowing into or out of a futures contract. This indicator uses open interest (from Binance PERP like this BTCUSDTPERP_OI) from during its calculations, therefore, the pairs being analyzed must contain open interest data on Binance. The indicator only works with USDT pairs! Like RVNUSDT, BTCUSDT... does not work with USD pairs! The indicator works in two mode. Index mode - when the values moving 0-100 In this case, if the value below 10, it shows the money is flowing out of the futures contract and near the local bottom. If the value above 90, it shows the money is flowing into the futures contract and near the local top. (The two trigger can be modified, the default is low:10 and high:90) Oscillator mode - when the values moving around the origo (0) In this case, if the value above 0 (green), it shows the money is flowing into the futures contract, this is bullish If the value below 0 (red), it shows the money is flowing out of the futures contract, this is bearish
Pine Script® indicator
by puttoAZ
11
Ichimoku Cloud with ADX (By Coinrule)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future. The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals. The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in. The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line. The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up. The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down. DMI is simple to interpret. When +DI > - DI, it means the price is trending up. On the other hand, when -DI > +DI , the trend is weak or moving on the downside. The ADX does not give an indication about the direction but about the strength of the trend. Typically values of ADX above 25 mean that the trend is steeply moving up or down, based on the -DI and +D positioning. This script aims to capture swings in the DMI, and thus, in the trend of the asset, using a contrarian approach. Trading on high values of ADX , the strategy tries to spot extremely oversold and overbought conditions. Values of ADX above 45 may suggest that the trend has overextended and is may be about to reverse. This strategy combines the Ichimoku Cloud with the ADX indicator to better enter trades. Long/Short orders are placed when these basic signals are triggered. Long Position: Tenkan-Sen is above the Kijun-Sen Chikou-Span is above the close of 26 bars ago Close is above the Kumo Cloud MACD line crosses over the signal line -DI is greater than +DI ADX is greater than 45 Short Position: Tenkan-Sen is below the Kijun-Sen Chikou-Span is below the close of 26 bars ago Close is below the Kumo Cloud MACD line crosses under the signal line +DI is greater than -DI ADX is less than 45 The script is backtested from 1 January 2022 and provides good returns. The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance. This script also works well on MATIC (15m timeframe), ETH (5m timeframe), and SOL (15m timeframe).
Pine Script® strategy
by Coinrule
J2S Backtest: Steven Primo`s Big Trend StrategyIs it possible to benefit from big trend moves? In this study I present you a strategy that aims to capture big trend moves. Created by trader Steven Primo, The Big Trend strategy is advocates and shared through his YouTube channel without restrictions. Note: This is not an investment recommendation. The purpose of this study is only to share knowledge with the community on TradingView. What is the purpose of the strategy? The strategy focuses on capturing the movement of trends, providing an entry signal for both LONG and SHORT positions. To which time-frame of a chart is it applicable to? According to the author, it is applicable to any chart in different markets. What about risk management? The author does not establish a risk management model for strategy. This is left to the definition of each trader. How are the trends identified in this strategy? A 20-periods Bollinger Bands with 0.382 deviation should be plotted on the chart. Prices above the upper band indicate an uptrend, on the other hand, prices below the lower band indicate an downtrend. Finally, prices between the two bands indicate sideways trend. How to identify a signal for LONG entry? The signal is given after five consecutive closes above the upper Bollinger band. After that, you must enter the trade after the first trade occurs above the high of the signal bar. How to identify a signal for SHORT entry? The signal is given after five consecutive closes below the lower Bollinger band. After that, you must enter the trade after the first trade occurs below the low of the signal bar. Tips and tricks In my backtest, I tried to prove the strategy from a position trading perspective, so I proposed use fixed stop-loss and take-profits. The stop-loss is defined as being low of the first bar that generated the movement until the signal bar. The value range from the stop-loss to the signal bar is used in determining the profit target. Given any trade, position closing will be triggered when the bar trading limit is reached. Backtest features Backtest parameters are fully customizable, for instance: number of bars inside a trend indicating trend maturity for entry, bar limit for trading entry (after a buy or sell signals). Also, the user chooses to validate only LONG or SHORT entries, or both. It is also possible to determine the specific time period for running the backtests. Final message In my tests, I noticed excellent results for other crypto pairs, for example: ETH/USDT, BNB/USDT, FIL/USDT, GALA/USDT and ILV/USDT. Of course, no one strategy works perfectly for every asset, crypto, and bond out there. That's why we should explore each trading model and carry out our backtests. Please, feel free to provide me with any improvement suggestions for the backtest script. Bear in mind, feel free to use the ideas in my script in your studies.
Pine Script® strategy
by julianossilva
2
TriexDev - SuperBuySellTrend (PLUS+)Minimal but powerful. Have been using this for myself, so thought it would be nice to share publicly. Of course no script is correct 100% of the time, but this is one of if not the best in my basic tools. (This is the expanded/PLUS version) Github Link for latest/most detailed + tidier documentation Base Indicator - Script Link TriexDev - SuperBuySellTrend (SBST+) TradingView Trend Indicator --- SBST Plus+ Using the "plus" version is optional, if you only want the buy/sell signals - use the "base" version. ## What are vector candles? Vector Candles (inspired to add from TradersReality/MT4) are candles that are colour coded to indicate higher volumes, and likely flip points / direction changes, or confirmations. These are based off of PVSRA (Price, Volume, Support, Resistance Analysis). You can also override the currency that this runs off of, including multiple ones - however adding more may slow things down. PVSRA - From MT4 source: Situation "Climax" Bars with volume >= 200% of the average volume of the 10 previous chart TFs, and bars where the product of candle spread x candle volume is >= the highest for the 10 previous chart time TFs. Default Colours: Bull bars are green and bear bars are red. Situation "Volume Rising Above Average" Bars with volume >= 150% of the average volume of the 10 previous chart TFs. Default Colours: Bull bars are blue and bear are blue-violet. A blue or purple bar can mean the chart has reached a top or bottom. High volume bars during a movement can indicate a big movement is coming - or a top/bottom if bulls/bears are unable to break that point - or the volume direction has flipped. This can also just be a healthy short term movement in the opposite direction - but at times sets obvious trend shifts. ## Volume Tracking You can shift-click any candle to get the volume of that candle (in the pair token/stock), if you click and drag - you will see the volume for that range. ## Bollinger Bands Bollinger Bands can be enabled in the settings via the toggle. Bollinger Bands are designed to discover opportunities that give investors a higher probability of properly identifying when an asset is oversold (bottom lines) or overbought (top lines). >There are three lines that compose Bollinger Bands: A simple moving average (middle band) and an upper and lower band. >The upper and lower bands are typically 2 standard deviations +/- from a 20-day simple moving average, but they can be modified. --- Base Indicator ## What is ATR? The average true range (ATR) is a technical analysis indicator, which measures market volatility by decomposing the entire range of an asset price for that period. The true range indicator is taken as the greatest of the following: - current high - the current low; - the absolute value of the current high - the previous close; - and the absolute value of the current low - the previous close. The ATR is then a moving average, generally using 10/14 days, of the true ranges. ## What does this indicator do? Uses the ATR and multipliers to help you predict price volatility, ranges and trend direction. > The buy and sell signals are generated when the indicator starts plotting either on top of the closing price or below the closing price. A buy signal is generated when the ‘Supertrend’ closes above the price and a sell signal is generated when it closes below the closing price. > It also suggests that the trend is shifting from descending mode to ascending mode. Contrary to this, when a ‘Supertrend’ closes above the price, it generates a sell signal as the colour of the indicator changes into red. > A ‘Supertrend’ indicator can be used on equities, futures or forex, or even crypto markets and also on daily, weekly and hourly charts as well, but generally, it will be less effective in a sideways-moving market. Thanks to KivancOzbilgic who made the original SuperTrend Indicator this was based off --- ## Usage Notes Two indicators will appear, the default ATR multipliers are already set for what I believe to be perfect for this particular (double indicator) strategy. If you want to break it yourself (I couldn't find anything that tested more accurately myself), you can do so in the settings once you have added the indicator. Basic rundown: - A single Buy/Sell indicator in the dim colour; may be setting a direction change, or just healthy movement. - When the brighter Buy/Sell indicator appears; it often means that a change in direction (uptrend or downtrend) is confirmed. --- You can see here, there was a (brighter) green indicator which flipped down then up into a (brighter) red sell indicator which set the downtrend. At the end it looks like it may be starting to break the downtrend - as the price is hitting the trend line. (Would watch for whether it holds above or drops below at that point) Another example, showing how sometimes it can still be correct but take some time to play out - with some arrow indicators. Typically I would also look at oscillators, RSI and other things to confirm - but here it held above the trend lines nicely, so it appeared to be rather obvious. It's worth paying attention to the trend lines and where the candles are sitting. Once you understand/get a feel for the basics of how it works - it can become a very useful tool in your trading arsenal. Also works for traditional markets & commodities etc in the same way / using the same ATR multipliers, however of course crypto generally has bigger moves. --- You can use this and other indicators to confirm likeliness of a direction change prior to the brighter/confirmation one appearing - but just going by the 2nd(brighter) indicators, I have found it to be surprisingly accurate. Tends to work well on virtually all timeframes, but personally prefer to use it on 5min,15min,1hr, 4hr, daily, weekly. Will still work for shorter/other timeframes, but may be more accurate on mid ones. --- This will likely be updated as I go / find useful additions that don't convolute things. The base indicator may be updated with some limited / toggle-able features in future also.
Pine Script® indicator
by Xeirt
4
Fast v Slow Moving Averages Strategy (Variable) [divonn1994]This is a simple moving average based strategy that takes 2 moving averages, a Fast and a Slow one, plots them both, and then decides to enter a 'long' position or exit it based on whether the two lines have crossed each other. It goes 'long when the Fast Moving Average crosses above the Slow Moving Average. This could indicate upwards momentum in prices in the future. It then exits the position when the the Fast Moving Average crosses back below. This could indicate downwards momentum in prices in the future. This is only speculative, though, but sometimes it can be a very good indicator/strategy to predict future action. I've tried some strategy settings and I found different promising strategies. Here are a few: BTCUSD ( BitStamp ) 1 Day Timeframe : EMA, Fast length 25 bars, Slow length 62 bars => 28,792x net profit (default) BTCUSD ( BitStamp ) 1 Day Timeframe : VWMA, Fast length 21 bars, Slow length 60 bars => 15,603x net profit BTCUSD ( BitStamp ) 1 Day Timeframe : SMA, Fast length 18 bars, Slow length 51 bars => 19,507x net profit BTCUSD ( BitStamp ) 1 Day Timeframe : RMA, Fast length 20 bars, Slow length 52 bars => 5,729x net profit BTCUSD ( BitStamp ) 1 Day Timeframe : WMA, Fast length 29 bars, Slow length 60 bars => 19,869x net profit Features: -You can choose your preferred moving average: SMA , EMA , WMA , RMA & VWMA . -You can change the length average for each moving average -I made the background color Green when you're currently in a long position and Red when not. I made it so you can see when you'd be actively in a trade or not. The Red and Green background colors can be toggled on/off in order to see other indicators more clearly overlayed in the chart, or if you prefer a cleaner look on your charts. -I also have a plot of the Fast moving average and Slow moving average together. The Opening moving average is Purple, the Closing moving average is White. White on top is a sign of a potential upswing and purple on top is a sign of a potential downswing. I've made this also able to be toggled on/off. Let me know if you think I should change anything with my script, I'm always open to constructive criticism so feel free to comment below :)
Pine Script® strategy
by divonn1994
4
München's Momentum WaveMUNICH'S MOMENTUM WAVE: This momentum tracker has features sampled from Madrid's moving average ribbon but has differentiated many values, parameters, and usage of integers. It is derived using momentum and then creates moving averages and mean lengths to help support the strength of a move in price action, and also has the key mean length that helps determine HL/LH or rejections into trend continuation. This indicator works on ALL TIME FRAMES, ALL ASSET CLASSES ON ALL SETTINGS!! HOW DO I USE IT? *First off, I have arranged the input settings into groups based on the parts of the indicator it affects. *You want to use the aqua/white/yellow (Munich's line) as your leading indicator, this is a combined average of the MoM indicator. * When using Munich's line you want to look at the relation to the mean line (the flat line that adjusts based on price action. You will often see rejections of this line into trend continuation. I personally have caught perfect LH/HL bounce trades off of this indicator. * Use the Background and other colored moving averages to help pre-determine moves based on the -3 offset value of Munich's line. This was by design not to create 'accurate' results, but to help predict momentum swings based on sharper moves in price action better than if all values lined up to the current bar. Cheat Code's Notes: I hope you guys find this indicator to be useful, this is most likely the best indicator that I have written. Simply for the fact it is useful on any chart, any timeframe with any setting. If you guys have any issues with it, shoot me a pm or drop a comment. Thanks! -CheatCode1 BINANCE:BTCUSDT BITSTAMP:ETHUSD BITSTAMP:BTCUSD PEPPERSTONE:JPYX TVC:DXY TVC:NDQ AMEX:SPY
Pine Script® indicator
by CheatCode1
1
Ichimoku Cloud with MACD (By Coinrule)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future. The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals. The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in. The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line. The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up. The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down. The MACD is a trend following momentum indicator and provides identification of short-term trend direction. In this variation it utilises the 12-period as the fast and 26-period as the slow length EMAs, with signal smoothing set at 9. This strategy combines the Ichimoku Cloud with the MACD indicator to better enter trades. Long/Short orders are placed when three basic signals are triggered. Long Position: Tenkan-Sen is above the Kijun-Sen Chikou-Span is above the close of 26 bars ago Close is above the Kumo Cloud MACD line crosses over the signal line Short Position: Tenkan-Sen is below the Kijun-Sen Chikou-Span is below the close of 26 bars ago Close is below the Kumo Cloud MACD line crosses under the signal line The script is backtested from 1 June 2022 and provides good returns. The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance. This script also works well on MATIC (1h timeframe), AVA (45m timeframe), and BTC (30m timeframe).
Pine Script® strategy
by Coinrule
Short Term RSI and SMA Percentage ChangeThis strategy utilises common indicators like RSI and moving averages in order to enter and exit trades. The Relative Strength Index (RSI) is a momentum indicator that has a value between 0 and 100, where a value greater than 70 is considered overbought and a value less than 30 is oversold. If the RSI value is above or below these values, then it can signal a possible trend reversal. The second indicator used in this strategy is the Simple Moving Average (SMA). A SMA is an arithmetic moving average calculated by adding recent prices and then dividing that figure by the number of time periods in the calculation average. For example, one could add the closing price of a coin for a number of time periods and then divide this total by that same number of periods. Short-term averages respond quickly to changes in the price of the underlying coin, while long-term averages are slower to react. Long/Exit orders are placed when three basic signals are triggered. Long Position: RSI is greater than 50 MA9 is greater than MA100 MA9 increases by 6% Exit Position: Price increases 5% trailing Price decreases 5% trailing The script is backtested from 1 May 2022 and provides good returns. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance. This script also works well on AVAX 45m/1h, MATIC 15m/45m/1h and ETH 4h.
Pine Script® strategy
by Coinrule
1
PlanB Quant Investing 101 v2This script has been Inspired by PlanB Article Quant Investing 101. With this script, I implemented Plan B strategy outlined in that article, trying to reproduce his findings independently and allowing TradeView Users to do the same. PlabB is aware of this effort, and he's positive about it, via Twitter commenting, liking and sharing of this resource . Trading Idea: This script uses RSI index to determine the Buy And Sell signal. As per the original PlanB article: IF ( RSI was above 90% last six months AND drops below 65%) THEN sell, IF ( RSI was below 50% last six months AND jumps +2% from the low) THEN buy, ELSE hold My simple code is aimed at replicating his study in Pine so that every TV user can check his signal.
Pine Script® strategy
by fillippone
3
LONG SAZB $This strategy combines the use of: -The MTF EMA to detect trends. -The MACD to create Long and Short Buy signals. -The ATR for setting Stop Losses and Take Profits. This works well with many different crypto and fiat pairs, but it must be optimized for the certain behavior of the currency pair. Its optimal use is strong trends, not so profitable when sideways. This strategy was developed with the 5-minute Bitcoin / TetherUS Perpetual futures for Binance (Crypto trading platform). This is the first version, updates will come. MTF EMA The MTF EMA (Multi-TimeFrame Exponential Moving Average ) is a great indicator to see the overall trend of an asset, you can see the status of a moving average for all timeframes on one chart. Normally when you check a moving average of the price it's on some specific timeframe. The MTF EMA allows you to see moving average status for all timeframes in a single place. You can simplify your visual representation and know if an asset or a pair is overall bullish or bearish , with this improving your entry and exit signal decisions. This strategy uses the 1 hour and 15 min EMA with different values. Experimenting with these is important to understand the currency pairs. Up trend: Price (source) > 1h MTF and 1h MTF < 15m MTF Down trend: Price (source) < 1h MTF and 1h MTF > 15m MTF MACD Using MACD (Moving Average Convergence Divergence) as a reference, the strategy identifies when the MACD line crosses over (a factor in a buy signal) and under (a factor in a Sell signal) the Signal line. This shows a shift in positive (cross over) and negative (cross under) of a security. This strategy uses values of 12 on the Fast MA, 26 on the Slow MA, and 9 in the Signal Line MA. The optional ribbon is for a more visual representation of the MACD . The MACD and Signal line have the option to have a crossover limit to cancel buy signals depending on the value they crossed at according to the 0 line of the MACD . This is to avoid fake signals. ATR TP/SL Using ATR to define the stop loss and take profit is that it should allow you to set them at a realistic distance from price. Simply put, a pair experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR. The indicator does not indicate the price direction; rather it is used primarily to measure volatility caused by gaps and limit up or down moves. All this is used to allow the Stop Loss “breathing space” so trades don't get unnecessarily stopped, and allow the Take Profit to be at a more realistic, flexible, and profitable price. This strategy uses different values for Longs and Shorts depending on the market behavior, optionally analyzes swing lows and highs according to the value of the candle lookback and sets the ATR depending on them, they must be tested to optimum. Also the ATR has a multiplicator to find the most efficient price levels. Trade Setup Shorts and Longs can be turned OFF and ON. There is an optional maximum % loss for trades, the trade is closed when the high-low average of a candle is over this %. Longs This strategy indicates a Long Buy signal when these conditions are met: - Uptrend signal from MTF EMA . - MACD Crossover of Signal ( MACD > Signal) while being under the MACD crossover limit. A Long exit signal is indicated when: - Price crosses over the ATR Take Profit limit. - Price crosses under the ATR Stop Loss limit. - Price crosses under optional max % long loss. Shorts This strategy indicates a Long Buy signal when these conditions are met: - Downtrend signal from MTF EMA . - Signal Crossover of MACD ( MACD < Signal) while being over the MACD crossover limit. A Short exit signal is indicated when: - Price crosses under the ATR Take Profit limit. - Price crosses over the ATR Stop Loss limit. - Price crosses over optional max % short loss. Disclaimer 1. I am not a licensed financial advisor or broker dealer. I do not tell you when or what to buy or sell. I developed this software which enables you to execute manual or automated trades multiple trades using TradingView. The software allows you to set the criteria you want for entering and exiting trades. 2. Do not trade with money you cannot afford to lose. 3. I do not guarantee consistent profits or that anyone can make money with no effort. I am not selling the holy grail. 4. Every system can have winning and losing streaks. 5. Money management plays a large role in the results of your trading. For example: lot size, account size, broker leverage, and broker margin call rules all have an effect on results. Also, your Take Profit and Stop Loss settings for individual pair trades and for overall account equity have a major impact on results. If you are new to trading and do not understand these items, then I recommend you seek education materials to further your knowledge. **YOU NEED TO FIND AND USE THE TRADING SYSTEM THAT WORKS BEST FOR YOU AND YOUR TRADING TOLERANCE.** **I HAVE PROVIDED NOTHING MORE THAN A TOOL WITH OPTIONS FOR YOU TO TRADE WITH THIS PROGRAM ON TRADINGVIEW.** I am 100 % open to suggestions to improve the script. If you encounter any problems or would like to see the script, share them with me at "steven17zmuda@gmail.com". Items in this description text may not be written directly by me, but may be taken from education sites.
Pine Script® strategy
by stevenz17
Ichimoku Cloud with RSI (By Coinrule)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future. The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals. The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in. The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line. The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up. The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down. This strategy combines the Ichimoku Cloud with the RSI indicator to better enter trades. Long/Short orders are placed when three basic signals are triggered. Long Position: Tenkan-Sen is above the Kijun-Sen Chikou-Span is above the close of 26 bars ago Close is above the Kumo Cloud RSI is greater less than 50 Short Position: Tenkan-Sen is below the Kijun-Sen Chikou-Span is below the close of 26 bars ago Close is below the Kumo Cloud RSI is greater than 50 The script is backtested from 1 June 2022 and provides good returns. The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance. This script also works well on SOL (45m timeframe), BNB (1h timeframe), and ETH (1h timeframe).
Pine Script® strategy
by Coinrule
Trade HourThis script is just finds the best hour to buy and sell hour in a day by checking chart movements in past For example if the red line is on the 0.63 on BTC/USDT chart it mean the start of 12AM hour on a day is the best hour to buy (all based on It's just for 1 hour time-frame but you can test it on other charts. IMPORTANT: You can change time Zone in strategy settings.to get the real hours as your location timezone IMPORTANT: Its for now just for BTC/USDT but you can optimize and test for other charts... IMPORTANT: A green and red background color calculated for show the user the best places of buy and sell (green : positive signal, red: negative signals) settings : timezone : We choice a time frame for our indicator as our geo location source : A source to calculate rate of change for it Time Period : Time period of ROC indicator About Calculations: 1- We first get a plot that just showing the present hour as a zigzag plot 2- So we use an indicator ( Rate of change ) to calculate chart movements as positive and negative numbers. I tested ROC is the best indicator but you can test close-open or real indicator or etc as indicator. 3 - for observe effects of all previous data we should indicator_cum that just a full sum of indicator values. 4- now we need to split this effects to hours and find out which hour is the best place to buy and which is the best for sell. Ok we should just calculate multiple of hour*indicator and get complete sum of it so: 5- we will divide this number to indicator_cum : (indicator_mul_hour_cum) / indicator_cum 6- Now we have the best hour to buy! and for best sell we should just reverse the ROC indicator and recalculate the best hour for it! 7- A green and red background color calculated for show the user the best places of buy and sell that dynamically changing with observing green and red plots(green : positive signal, red: negative signals) when green plot on 15 so each day on hour 15 the background of strategy indicator will change to 15 and if its go upper after some days and reached to 16 the background green color will move to 16 dynamically.
Pine Script® strategy
by mablue
1
Aarika Trade with the Trend (ATT)Hello traders, purpose of creating this indicator is simply trying to analyse the trend of any symbol. This indicator is a modification-version of three different indicators from different authors, brought together to create a fine-piece of trend-finder. This is combination of multi MAs to notice price action with different parameters and calculations. This indicator generate Green/Red/Yellow bars once all the calculations comes to certain point. This indicator can be used on any script like Indices, Stocks, Future, Currency & Crypto. How to trade : This indicator is easy to use on any timeframe and on normal candlestick. Bar colour appeared on candle is based on some calculation and when all the condition are matched; so wait for full candle to be formed and once candle close then go for trade. Rule for Long trade: Let the current candle form completely. If its a Green colour bar then it indicates a bullish momentum whereas Yellow bar may see a reversal of the current trend. Rule for Short trade: Let the current candle form completely. If its a Red colour bar then it indicates a bearish momentum whereas Yellow bar may see a reversal of the current trend. This is not a Holy Grail indicator which always gives profit but if you practice this indicator with consistency, your portfolio may give good returns. Use proper money management before taking any trade. Go for paper trade and observe how this indicator behaves and once satisfied then only take real trade. Add - on Feature : we have added HAMA in this indicator. Usually if HAMA is forming Green colour candles then it is a strong bullish trend, whereas Red HAMA candles show bearish trend. Moreover, if our bar colours are Green and price is above HAMA, it usually shows strong Bull trend; and opposite side Red colour bars with price below HAMA may be seen as a strong Bear trend. Disclaimer: Please make sure you study this indicator on different timeframes because inserted set of data may act differently on different scripts and may vary from timeframe to timeframe. We advice you to use this indicator for trend-analysis and study purpose only. Author/publisher of this indicator is not responsible for your profit or loss if you use this indicator for trading purpose one way or another. N.B.: We do not recommend using HeikinAshi charting for this particular indicator as the data inputs may behave differently than expected. If you have any query, you may comment below.
Pine Script® indicator
by ShareMarketSaga
8
R19 STRATEGYHello again. Let me introduce you R19 Strategy I wrote for mostly BTC long/short signals This is an upgrated version of STRATEGY R18 F BTC strategy. I checked this strategy on different timeframes and different assest and found it very usefull for BTC 1 Hour and 5 minutes chart. Strategy is basically takes BTC/USDT as a main indicator, so you can apply this strategy to all cryptocurrencies as they mostly acts accordingly with BTC itself (Of course you can change main indicator to different assets if you think that there is a positive corelation with. i.e. for BTC signals you can sellect DXY index for main indicator to act for BTC long/short signals) Default variables of the inticator is calibrated to BTC/USDT 5 minute chart. I gained above %77 success. Strategy simply uses, ADX, MACD, SMA, Fibo, RSI combination and opens positions accordingly. Timeframe variable is very important that, strategy decides according the timeframe you've sellected but acts within the timeframe in the chart. For example, if you're on the 5 minutes chart, but you've selected 1 hour for the time frame variable, strategy looks for 1 hour MACD crossover for opening a position, but this happens in 5 minutes candle, It acts quickly and opens the position. Strategy also uses a trailing stop loss feature. You can determine max stoploss, at which point trailing starts and at which distance trailing follows. The green and red lines will show your stoploss levels according to the position strategy enters (green for long, red for short stop loss levels). When price exceeds to the certaing levels of success, stop loss goes with the profitable price (this means, when strategy opens a position, you can put your stop loss to the green/red line in actual trading) You can fine tune strategy to all assets. Please write down your comments if you get more successfull about different time zones and different assets. And please tell me your fine tuning levels of this strategy as well. See you all.
Pine Script® strategy
by SenatorVonShaft
Bollinger Bands and RSI Short Selling (by Coinrule)The Bollinger Bands are among the most famous and widely used indicators. A Bollinger Band is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average ( SMA ) of a security's price, but which can be adjusted to user preferences. They can suggest when an asset is oversold or overbought in the short term, thus provide the best time for buying and selling it. The relative strength index ( RSI ) is a momentum indicator used in technical analysis . RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI can do more than point to overbought and oversold securities. It can also indicate securities that may be primed for a trend reversal or corrective pullback in price. It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought situation. A reading of 30 or below indicates an oversold condition. The short order is placed on assets that present strong momentum when it's more likely that it is about to decrease further. The rule strategy places and closes the order when the following conditions are met: ENTRY The closing price is greater than the upper standard deviation of the Bollinger Bands The RSI is less than 70 EXIT The trade is closed in profit when the RSI is less than 70 Upper standard deviation of the Bollinger Band is greater than the the closing price. This strategy comes with a stop loss and a take profit, and as you can see by the results, it is well suited for a bear market. This trade works very well with ETH (1h timeframe), AVA (4h timeframe), and SOL (3h timeframe) and is backtested from the 1 December 2021 to capture how this strategy would perform in a bear market. To make the results more realistic, the strategy assumes each order to trade 30% of the available capital. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.
Pine Script® strategy
by Coinrule
1