RSI Full Forecast [Titans_Invest]RSI Full Forecast
Get ready to experience the ultimate evolution of RSI-based indicators – the RSI Full Forecast, a boosted and even smarter version of the already powerful: RSI Forecast
Now featuring over 40 additional entry conditions (forecasts), this indicator redefines the way you view the market.
AI-Powered RSI Forecasting:
Using advanced linear regression with the least squares method – a solid foundation for machine learning - the RSI Full Forecast enables you to predict future RSI behavior with impressive accuracy.
But that’s not all: this new version also lets you monitor future crossovers between the RSI and the MA RSI, delivering early and strategic signals that go far beyond traditional analysis.
You’ll be able to monitor future crossovers up to 20 bars ahead, giving you an even broader and more precise view of market movements.
See the Future, Now:
• Track upcoming RSI & RSI MA crossovers in advance.
• Identify potential reversal zones before price reacts.
• Uncover statistical behavior patterns that would normally go unnoticed.
40+ Intelligent Conditions:
The new layer of conditions is designed to detect multiple high-probability scenarios based on historical patterns and predictive modeling. Each additional forecast is a window into the price's future, powered by robust mathematics and advanced algorithmic logic.
Full Customization:
All parameters can be tailored to fit your strategy – from smoothing periods to prediction sensitivity. You have complete control to turn raw data into smart decisions.
Innovative, Accurate, Unique:
This isn’t just an upgrade. It’s a quantum leap in technical analysis.
RSI Full Forecast is the first of its kind: an indicator that blends statistical analysis, machine learning, and visual design to create a true real-time predictive system.
⯁ SCIENTIFIC BASIS LINEAR REGRESSION
Linear Regression is a fundamental method of statistics and machine learning, used to model the relationship between a dependent variable y and one or more independent variables 𝑥.
The general formula for a simple linear regression is given by:
y = β₀ + β₁x + ε
β₁ = Σ((xᵢ - x̄)(yᵢ - ȳ)) / Σ((xᵢ - x̄)²)
β₀ = ȳ - β₁x̄
Where:
y = is the predicted variable (e.g. future value of RSI)
x = is the explanatory variable (e.g. time or bar index)
β0 = is the intercept (value of 𝑦 when 𝑥 = 0)
𝛽1 = is the slope of the line (rate of change)
ε = is the random error term
The goal is to estimate the coefficients 𝛽0 and 𝛽1 so as to minimize the sum of the squared errors — the so-called Random Error Method Least Squares.
⯁ LEAST SQUARES ESTIMATION
To minimize the error between predicted and observed values, we use the following formulas:
β₁ = /
β₀ = ȳ - β₁x̄
Where:
∑ = sum
x̄ = mean of x
ȳ = mean of y
x_i, y_i = individual values of the variables.
Where:
x_i and y_i are the means of the independent and dependent variables, respectively.
i ranges from 1 to n, the number of observations.
These equations guarantee the best linear unbiased estimator, according to the Gauss-Markov theorem, assuming homoscedasticity and linearity.
⯁ LINEAR REGRESSION IN MACHINE LEARNING
Linear regression is one of the cornerstones of supervised learning. Its simplicity and ability to generate accurate quantitative predictions make it essential in AI systems, predictive algorithms, time series analysis, and automated trading strategies.
By applying this model to the RSI, you are literally putting artificial intelligence at the heart of a classic indicator, bringing a new dimension to technical analysis.
⯁ VISUAL INTERPRETATION
Imagine an RSI time series like this:
Time →
RSI →
The regression line will smooth these values and extend them n periods into the future, creating a predicted trajectory based on the historical moment. This line becomes the predicted RSI, which can be crossed with the actual RSI to generate more intelligent signals.
⯁ SUMMARY OF SCIENTIFIC CONCEPTS USED
Linear Regression Models the relationship between variables using a straight line.
Least Squares Minimizes the sum of squared errors between prediction and reality.
Time Series Forecasting Estimates future values based on historical data.
Supervised Learning Trains models to predict outputs from known inputs.
Statistical Smoothing Reduces noise and reveals underlying trends.
⯁ WHY THIS INDICATOR IS REVOLUTIONARY
Scientifically-based: Based on statistical theory and mathematical inference.
Unprecedented: First public RSI with least squares predictive modeling.
Intelligent: Built with machine learning logic.
Practical: Generates forward-thinking signals.
Customizable: Flexible for any trading strategy.
⯁ CONCLUSION
By combining RSI with linear regression, this indicator allows a trader to predict market momentum, not just follow it.
RSI Full Forecast is not just an indicator — it is a scientific breakthrough in technical analysis technology.
⯁ Example of simple linear regression, which has one independent variable:
⯁ In linear regression, observations ( red ) are considered to be the result of random deviations ( green ) from an underlying relationship ( blue ) between a dependent variable ( y ) and an independent variable ( x ).
⯁ Visualizing heteroscedasticity in a scatterplot against 100 random fitted values using Matlab:
⯁ The data sets in the Anscombe's quartet are designed to have approximately the same linear regression line (as well as nearly identical means, standard deviations, and correlations) but are graphically very different. This illustrates the pitfalls of relying solely on a fitted model to understand the relationship between variables.
⯁ The result of fitting a set of data points with a quadratic function:
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🔮 Linear Regression: PineScript Technical Parameters 🔮
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Forecast Types:
• Flat: Assumes prices will remain the same.
• Linreg: Makes a 'Linear Regression' forecast for n periods.
Technical Information:
ta.linreg (built-in function)
Linear regression curve. A line that best fits the specified prices over a user-defined time period. It is calculated using the least squares method. The result of this function is calculated using the formula: linreg = intercept + slope * (length - 1 - offset), where intercept and slope are the values calculated using the least squares method on the source series.
Syntax:
• Function: ta.linreg()
Parameters:
• source: Source price series.
• length: Number of bars (period).
• offset: Offset.
• return: Linear regression curve.
This function has been cleverly applied to the RSI, making it capable of projecting future values based on past statistical trends.
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⯁ WHAT IS THE RSI❓
The Relative Strength Index (RSI) is a technical analysis indicator developed by J. Welles Wilder. It measures the magnitude of recent price movements to evaluate overbought or oversold conditions in a market. The RSI is an oscillator that ranges from 0 to 100 and is commonly used to identify potential reversal points, as well as the strength of a trend.
⯁ HOW TO USE THE RSI❓
The RSI is calculated based on average gains and losses over a specified period (usually 14 periods). It is plotted on a scale from 0 to 100 and includes three main zones:
• Overbought: When the RSI is above 70, indicating that the asset may be overbought.
• Oversold: When the RSI is below 30, indicating that the asset may be oversold.
• Neutral Zone: Between 30 and 70, where there is no clear signal of overbought or oversold conditions.
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⯁ ENTRY CONDITIONS
The conditions below are fully flexible and allow for complete customization of the signal.
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🔹 CONDITIONS TO BUY 📈
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• Signal Validity: The signal will remain valid for X bars .
• Signal Sequence: Configurable as AND or OR .
📈 RSI Conditions:
🔹 RSI > Upper
🔹 RSI < Upper
🔹 RSI > Lower
🔹 RSI < Lower
🔹 RSI > Middle
🔹 RSI < Middle
🔹 RSI > MA
🔹 RSI < MA
📈 MA Conditions:
🔹 MA > Upper
🔹 MA < Upper
🔹 MA > Lower
🔹 MA < Lower
📈 Crossovers:
🔹 RSI (Crossover) Upper
🔹 RSI (Crossunder) Upper
🔹 RSI (Crossover) Lower
🔹 RSI (Crossunder) Lower
🔹 RSI (Crossover) Middle
🔹 RSI (Crossunder) Middle
🔹 RSI (Crossover) MA
🔹 RSI (Crossunder) MA
🔹 MA (Crossover) Upper
🔹 MA (Crossunder) Upper
🔹 MA (Crossover) Lower
🔹 MA (Crossunder) Lower
📈 RSI Divergences:
🔹 RSI Divergence Bull
🔹 RSI Divergence Bear
📈 RSI Forecast:
🔹 RSI (Crossover) MA Forecast
🔹 RSI (Crossunder) MA Forecast
🔹 RSI Forecast 1 > MA Forecast 1
🔹 RSI Forecast 1 < MA Forecast 1
🔹 RSI Forecast 2 > MA Forecast 2
🔹 RSI Forecast 2 < MA Forecast 2
🔹 RSI Forecast 3 > MA Forecast 3
🔹 RSI Forecast 3 < MA Forecast 3
🔹 RSI Forecast 4 > MA Forecast 4
🔹 RSI Forecast 4 < MA Forecast 4
🔹 RSI Forecast 5 > MA Forecast 5
🔹 RSI Forecast 5 < MA Forecast 5
🔹 RSI Forecast 6 > MA Forecast 6
🔹 RSI Forecast 6 < MA Forecast 6
🔹 RSI Forecast 7 > MA Forecast 7
🔹 RSI Forecast 7 < MA Forecast 7
🔹 RSI Forecast 8 > MA Forecast 8
🔹 RSI Forecast 8 < MA Forecast 8
🔹 RSI Forecast 9 > MA Forecast 9
🔹 RSI Forecast 9 < MA Forecast 9
🔹 RSI Forecast 10 > MA Forecast 10
🔹 RSI Forecast 10 < MA Forecast 10
🔹 RSI Forecast 11 > MA Forecast 11
🔹 RSI Forecast 11 < MA Forecast 11
🔹 RSI Forecast 12 > MA Forecast 12
🔹 RSI Forecast 12 < MA Forecast 12
🔹 RSI Forecast 13 > MA Forecast 13
🔹 RSI Forecast 13 < MA Forecast 13
🔹 RSI Forecast 14 > MA Forecast 14
🔹 RSI Forecast 14 < MA Forecast 14
🔹 RSI Forecast 15 > MA Forecast 15
🔹 RSI Forecast 15 < MA Forecast 15
🔹 RSI Forecast 16 > MA Forecast 16
🔹 RSI Forecast 16 < MA Forecast 16
🔹 RSI Forecast 17 > MA Forecast 17
🔹 RSI Forecast 17 < MA Forecast 17
🔹 RSI Forecast 18 > MA Forecast 18
🔹 RSI Forecast 18 < MA Forecast 18
🔹 RSI Forecast 19 > MA Forecast 19
🔹 RSI Forecast 19 < MA Forecast 19
🔹 RSI Forecast 20 > MA Forecast 20
🔹 RSI Forecast 20 < MA Forecast 20
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🔸 CONDITIONS TO SELL 📉
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• Signal Validity: The signal will remain valid for X bars .
• Signal Sequence: Configurable as AND or OR .
📉 RSI Conditions:
🔸 RSI > Upper
🔸 RSI < Upper
🔸 RSI > Lower
🔸 RSI < Lower
🔸 RSI > Middle
🔸 RSI < Middle
🔸 RSI > MA
🔸 RSI < MA
📉 MA Conditions:
🔸 MA > Upper
🔸 MA < Upper
🔸 MA > Lower
🔸 MA < Lower
📉 Crossovers:
🔸 RSI (Crossover) Upper
🔸 RSI (Crossunder) Upper
🔸 RSI (Crossover) Lower
🔸 RSI (Crossunder) Lower
🔸 RSI (Crossover) Middle
🔸 RSI (Crossunder) Middle
🔸 RSI (Crossover) MA
🔸 RSI (Crossunder) MA
🔸 MA (Crossover) Upper
🔸 MA (Crossunder) Upper
🔸 MA (Crossover) Lower
🔸 MA (Crossunder) Lower
📉 RSI Divergences:
🔸 RSI Divergence Bull
🔸 RSI Divergence Bear
📉 RSI Forecast:
🔸 RSI (Crossover) MA Forecast
🔸 RSI (Crossunder) MA Forecast
🔸 RSI Forecast 1 > MA Forecast 1
🔸 RSI Forecast 1 < MA Forecast 1
🔸 RSI Forecast 2 > MA Forecast 2
🔸 RSI Forecast 2 < MA Forecast 2
🔸 RSI Forecast 3 > MA Forecast 3
🔸 RSI Forecast 3 < MA Forecast 3
🔸 RSI Forecast 4 > MA Forecast 4
🔸 RSI Forecast 4 < MA Forecast 4
🔸 RSI Forecast 5 > MA Forecast 5
🔸 RSI Forecast 5 < MA Forecast 5
🔸 RSI Forecast 6 > MA Forecast 6
🔸 RSI Forecast 6 < MA Forecast 6
🔸 RSI Forecast 7 > MA Forecast 7
🔸 RSI Forecast 7 < MA Forecast 7
🔸 RSI Forecast 8 > MA Forecast 8
🔸 RSI Forecast 8 < MA Forecast 8
🔸 RSI Forecast 9 > MA Forecast 9
🔸 RSI Forecast 9 < MA Forecast 9
🔸 RSI Forecast 10 > MA Forecast 10
🔸 RSI Forecast 10 < MA Forecast 10
🔸 RSI Forecast 11 > MA Forecast 11
🔸 RSI Forecast 11 < MA Forecast 11
🔸 RSI Forecast 12 > MA Forecast 12
🔸 RSI Forecast 12 < MA Forecast 12
🔸 RSI Forecast 13 > MA Forecast 13
🔸 RSI Forecast 13 < MA Forecast 13
🔸 RSI Forecast 14 > MA Forecast 14
🔸 RSI Forecast 14 < MA Forecast 14
🔸 RSI Forecast 15 > MA Forecast 15
🔸 RSI Forecast 15 < MA Forecast 15
🔸 RSI Forecast 16 > MA Forecast 16
🔸 RSI Forecast 16 < MA Forecast 16
🔸 RSI Forecast 17 > MA Forecast 17
🔸 RSI Forecast 17 < MA Forecast 17
🔸 RSI Forecast 18 > MA Forecast 18
🔸 RSI Forecast 18 < MA Forecast 18
🔸 RSI Forecast 19 > MA Forecast 19
🔸 RSI Forecast 19 < MA Forecast 19
🔸 RSI Forecast 20 > MA Forecast 20
🔸 RSI Forecast 20 < MA Forecast 20
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🤖 AUTOMATION 🤖
• You can automate the BUY and SELL signals of this indicator.
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⯁ UNIQUE FEATURES
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Linear Regression: (Forecast)
Signal Validity: The signal will remain valid for X bars
Signal Sequence: Configurable as AND/OR
Condition Table: BUY/SELL
Condition Labels: BUY/SELL
Plot Labels in the Graph Above: BUY/SELL
Automate and Monitor Signals/Alerts: BUY/SELL
Linear Regression (Forecast)
Signal Validity: The signal will remain valid for X bars
Signal Sequence: Configurable as AND/OR
Condition Table: BUY/SELL
Condition Labels: BUY/SELL
Plot Labels in the Graph Above: BUY/SELL
Automate and Monitor Signals/Alerts: BUY/SELL
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📜 SCRIPT : RSI Full Forecast
🎴 Art by : @Titans_Invest & @DiFlip
👨💻 Dev by : @Titans_Invest & @DiFlip
🎑 Titans Invest — The Wizards Without Gloves 🧤
✨ Enjoy!
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o Mission 🗺
• Inspire Traders to manifest Magic in the Market.
o Vision 𐓏
• To elevate collective Energy 𐓷𐓏
Automated
Trade Warehouse (SPOT trades)Hello there!
Let's imagine You are trading SPOT, buy more and more every new dump, but bear market is not going to stop... and your first trade was 3 YEARS AGO!!!
Can't believe it is true.
The problem is - exchanges allow You to see only new trades last 6 months(Binance). But I want to see all of them! How do I know AVG Price?
This script is my solution. Just use it to track and store your trade, so You can see AVG without uploading old trades everytime and using calculator.
Script description:
Here You can see the "Trade" type of variable. Python script using Pandas converts trades from .csv file into string type that You can input as trade(price, pair, amount, date..). After it uppends to the trades_array and pushed into the loop.
If trade date is more than current cundle - it pushes new trade to other arrays such a "pair", "avg_tot" etc. to comput it later.
If trade was buy - it increase invested capital and owned amount, opposite for sell and recomputs AVG price.
Since script has at least 1 trade it starts to plot AVG price.
There are 2 AVG price:
1. For total invested counting(You can get negative value if traded successful)
2. Current AVG price since last 0 currency amount(there is dust value to set how many usd we take as dust)
Table represents all assets statistics
Just upload your trades only 1 time, use script to convert it into pine code, and use as indicator. This script allow You to see ALL trades from oldest to the newest.
github.com/Arivadis/...w_Tradings_warehouse
If this script helped You - press Star (on GitHub) Like (on TradingView)
Warning -
Does not include free/earn/withdraw/deposit counting. Only Buy and Sell =>
This script has no idea about your side currency deposits, so if You got Your BTC or EUR or .. from another wallet and sold later - it can break your statistical data. Add this transfer manually(see examples inside script).
Use my github manual to get this script workin.
Installing takes around 3 minutes and contains 3-5 steps
Auto Fibonacci TP Levels [WJ]This script automatically draws Fibonacci levels on a trading chart which are popular tools for traders seeking to identify potential areas of support and resistance.
Here are the features and benefits of this script:
1. Versatility in Sourcing Trade Entries:
Trade source can be customized to either longs (buying trades) or shorts (selling trades). The user has the flexibility to adjust their entry points based on their trading strategy.
Up to 2 sources can be used, expand if you wish.
As it is coded now, the source you have to pick from has to have a 'plot' that sends a (long) or (short) and is equal to 1 and 2 respectively.
Example: In the script you want to use for Long and Shorts, make a plot like this:
plot(LONG ? 1 : SHORT ? 2 : 0, title = "⭐ Outbound signal", display = display.none, editable = false)
The variable name of the LONG and SHORT needs to be the same as the one your code is using to indicate those trades.
2. Flexible Fibonacci Start Points:
The starting points for drawing Fibonacci levels can be customized for both longs and shorts.
3. Configurable Historical Data Length:
Users can adjust the number of historical bars to analyze for calculating higher highs (HH) and lower lows (LL).
4. Informative Labels and Lines:
The script can be configured to show the distance from the entry point to the 0.618 Fibonacci level (the so-called "golden ratio"). This helps traders to visualize the risk-reward ratio of their trades.
It indicates when a Fibonacci level was crossed which could signal a potential reversal.
It allows users to display the golden pocket levels only (0.618 and 0.65) or all the Fibonacci levels.
5. Customizable Fibonacci Levels and Colors:
Users can define their preferred Fibonacci levels and assign specific colors to each of these levels. This helps in identifying different levels quickly and intuitively.
The script also includes functionality for setting stop loss levels for short and long positions, which helps in risk management.
6. Clear Visualization of Crossing Levels:
If a trade crosses a specific Fibonacci level, the script draws lines indicating the crossing. This can help traders to identify potential breakout or reversal points.
7. Calculation of Fibonacci Boxes:
For each Fibonacci level, the script creates a box that indicates the level's range on the chart. This visual aid can help traders to better understand the price movement within these levels.
8. Customizable Labels:
The script provides percentage difference labels at each Fibonacci level, displaying the difference between the price at that level and the price at the 0 Fibonacci level. This can help users quickly understand the price change in terms of percentage at each level.
9. Performance Efficiency:
The script uses arrays to store and manage the Fibonacci levels and their associated colors. This approach enhances the performance of the script, especially when processing a large amount of data.
10. Adaptability:
This script automatically adapts to market movements. When the price crosses a level, it identifies and records this event, aiding the trader's decision-making process.
Overall, this script is highly customizable, adaptable and provides a clear visual representation of important trading data, making it an effective tool for traders using Fibonacci levels in their strategies.
NOTE: If you can't see the fib lines, it is because they have already been triggered/touched by a candle and they are set to not continue after they are touched.
VWAP Open Session Anchored by HampehThe VWAP Open Session Anchored indicator differs from traditional VWAP indicators by automatically anchoring the Volume Weighted Average Price calculation to three market session starts Morning, Evening, and Night. Each session represents a distinct time period within the trading day, offering traders and investors a more comprehensive view of the volume-weighted average price within specific sessions.
What Is the Volume-Weighted Average Price (VWAP)?
The volume-weighted average price (VWAP) is a technical analysis indicator used on intraday charts that resets at the start of every new trading session.
VWAP is important because it provides traders with pricing insight into both the trend and value of a security.
KEY TAKEAWAYS
1. The volume-weighted average price (VWAP) is a single line on intraday charts.
2. It looks similar to a moving average line but smoother.
3. VWAP represents a view of price action throughout a single day's trading session.
4. Retail and professional traders may use the VWAP to help them determine intraday price trends.
5. VWAP typically is most useful to short-term traders.
VWAP is calculated by totaling the dollars traded for every transaction (price multiplied by the volume) and then dividing by the total shares traded.
VWAP = Cumulative Typical Price x Volume/Cumulative Volume
Where Typical Price = High price + Low price + Closing Price/3
Cumulative = total since the trading session opened.
How Is VWAP Used?
VWAP is used in different ways by traders. Traders may use VWAP as a trend confirmation tool and build trading rules around it. For instance, they may consider stocks with prices below VWAP as undervalued and those with prices above it, as overvalued. If prices below VWAP move above it, traders may go long on the stock. If prices above VWAP move below it, they may sell their positions or initiate short positions.
Institutional buyers including mutual funds use VWAP to help move into or out of stocks with as small of a market impact as possible. Therefore, when they can, institutions will try to buy below the VWAP or sell above it. This way their actions push the price back toward the average, instead of away from it.
Source: www.investopedia.com
Grid Indicator - The Quant ScienceQuickly draw a 10-level grid on your chart with our open-source tool.
Our grid tool offers a unique solution to traders looking to maximize their profits in volatile market conditions. With its advanced features, you can create customized grids based on your preferred start price and line distance, allowing you to easily execute trades and capitalize on price movements. The tool works automatically, freeing up your time to focus on other important aspects of your trading strategy.
The benefits of using this tool are numerous. Firstly, it eliminates the need for manual calculation, making the analysis process much more efficient. Secondly, the automatic nature of the tool ensures that each grids are draw at precisely prices, giving you the best possible chance of maximizing your analysis. Finally, the ability to easily customize grids means that you can adapt your strategy quickly and effectively, even in rapidly changing market conditions.
So why wait? Take control of your trading and start using our innovative grid tool today! With its advanced features and ease of use, it's the perfect solution for traders of all levels looking to take their trading to the next level.
HOW TO USE
Using it is easy. Add the script to your chart and set the price and distance between the grids.
Auto Fibonacci S/R @robinraszkaThis script automatically plots Fibonacci Retracement levels between high and low of a period of your choosing. I usually trade H1/H4 charts, and it seems to line up really well in those timeframes.
Enjoy.
Entry helperHello traders,
This is a script I use daily as a scalper and it helps me a lot, maybe it can help you, this is why I am sharing it!
PART 1 - DESCRIPTION
This program is specifically designed to help scalpers but can be used for all types of trading but won't be as useful.
This script is what I call an entry helper as it calculates dynamically the position size, stop loss and take profit levels and more.
When scalping and placing market entry orders, the price can move significantely while you are calculating your position size according to your stop loss, capital, risk and especially close price that changes very quickly, this results in a risk that is not ideally controlled and personally was a source of frustration and stress. I wanted to enter my quantity and stop loss values as fast as possible and make the process easier.
This script automates the calculation of the position size, stop loss and take profit levels according the the users input and prints the data visibly on the screen so it is easy to copy by the trader. It allows the trader to be confident that his risk is as controlled as possible.
The script is easy to use and set up, this guide will help you if you have any difficulies or questions.
PART 2 - HOW TO USE THE SCRIPT
- SET THE CAPITAL SETTINGS
1 - Set your capital value in $
- SET THE TRADE SETTINGS
2 - Set your trade side (BUY or SELL)
3 - Set you desired risk in % of your capital
- ENTRY SETTINGS
4 - Set your entry from 2 different options
|MARKET| (default option)
This option will place the entry level at the last available price
|LIMIT|
This option allows you to input a fixed price level for the entry
- STOP LOSS SETTINGS
5 - Select your stop loss placement from 4 different options
|EXTREMA STOP LOSS| (default option)
This option will place the stop loss at the highest/lowest (extrema) price level within the last N candles
|ATR EXTREMA|
This option uses the same price level as the EXTREMA STOP LOSS but will add/soustract the last ATR value (calculated on the N last candles) multiplied by a coefficient that you input
|TICKS EXTREMA|
This option uses the same price level as the EXTREMA STOP LOSS but will add/soustract a number of ticks that you input
|PRICE LEVEL|
This option allows you to input a fixed price level for the stop loss
- TAKE PROFIT SETTINGS
6 - Select your take profit from 3 different options
|NONE| (default option)
This option will not display any take profit level, I have added this option as I don't have take profit targets
|RR|
This option uses a risk to reward ratio (reward/risk) that you input, it will automatically calculate the take profit level that corresponds
|PRICE LEVEL|
This option allows you to input a fixed price level for the take profit
- QUANTITY AND FEE SETTINGS
7 - Set the quantity settings, it represents the quantity in a lot (usually 100 000 in forex, 100 in stocks 1 for crypto currencies)
8 - Set the fee per quantity (turning lot)
- VISUAL SETTINGS
9 - Show or remove the tab
- TAB SETTINGS
10 - Select the data that you want to display in the tab (the tab will adapt automatically)
NOTES:
The vertical dashed line shows what candle has been used for the calculation of the stop loss, it allows you to visualize what candle the script has selected in case of an EXTREMA stop loss option.
I hope this helps you out! Any suggestions are welcome and I hope that the guide is clear enough.
Happy trading!
[HM] Fibonacci Fractals Absolute Auto v20221114Basically:
F - Fibonacci levels
F - fractals: retracement of retracement
A - absolute: based on two fixed points instead user chosen Fibonacci points
A - auto: automatically draws based on volatility
Explanation:
This script will automatically trace TWO Fibonacci levels from these points:
- ALL TIME HIGH (ATH) and ALL TIME LOW ( ATL ) prices
This is our first Fibonacci FRACTAL retracement and the line caption will show ONE character:
"↥" for 0.618
"↧" for 0.382
The FRACTAL with two lines will define THREE regions.
The second Fibonacci FRACTAL retracement will show TWO characters:
the same "↥" "↧" characters with:
"a" if the price is between TOP region of previous fractal
"b" if the price is between MIDDLE region of previous fractal
"c" if the price is between BOTTOM region of previous fractal
The third Fibonacci FRACTAL will show THREE characters and so on.
Delimited by volatility (otherwise this script will go to 10th fractal maximum).
OPTIONS to give a try:
- use ALL TIME HIGH and ZERO prices (instead ATH and ATL )
- use a non-Fibonacci retracement:
---> "⅓": 1/3 and 2/3 levels instead 0.618 and 0.382 (based on chess master Hindenburg Melão article hint)
---> "fibonaccing": 0.764 and 0.236 levels (based on Brazilian trader Marco Antonio Rossi method hint)
#script under development, sugestions and questions are welcome.
MPF EMA Cross Strategy (8~13~21) by Market Pip FactoryThis script is for a complete strategy to win maximum profit on trades whilst keeping losses at a minimum, using sound risk management at no greater than 1.5%
The 3x EMA Strategy uses the following parameters for trade activation and closure.
1/ Daily Time Frame for trend confirmation
2/ 4 Hourly Time Frame for trend confirmation
3/ 1 Hourly Time Frame for trend confirmation AND trade execution
4/ 3x EMAs (Exponential Moving Averages)
* EMA#1 = 8 EMA (Red Color)
* EMA#2 = 13 EMA (Blue Color)
* EMA#3 = 21 EMA (Orange Color)
5/ Fanning of all 3x EMAs and CrossOver/CrossUnder for Trend Confirmation
6/ Price Action touching an 8 EMA for trade activation
7/ Price Action touching a 21 EMA for trade cancellation BEFORE activation
* For LONG trades: 8 EMA would be ABOVE 21 EMA
* For SHORT trades: 8 EMA would be BELOW 21 EMA
* For trade Cancellation, price action would touch the 21 EMA before trade is activated
* For trade Entry, price action would touch 8 EMA
Once trigger parameter is identified, entry is found by:
a) Price action touches 8 EMA (Candle must Close for confirmed Trade preparation)
b) Trade preparation can be cancelled before trade is activated if price action touches 21 EMA
c) Trailing Stop Loss can be used (optional) by counting back 5 candles from current candle
CLOSURE of a Trade is identified by:
e) 8 EMA crossing the 21 EMA, then close trade, no matter LONG or SHORT
f) Trail Stop Loss
IMPORTANT:
g) No more than ONE activated trade per EMA crossover
h) No more than ONE active trade per pair
NOTE: This strategy is to be used in conjunction with Cipher Twister (my other indicator) to reduce trades on
sideways price action and market trends for super high win ratio.
NOTE: Enabling of LONGs and SHORTs Via Cipher Twister is done by using the previous
green or red dot made. Additionally, when the trend changes, so do the dot's validity based
on being above or below the 0 centerline.
----------------------------
Strategy and Bot Logic
----------------------------
.....::: FOR SHORT TRADES ONLY :::.....
The Robot must use the following logic to enable and activate the SHORT trades:
Parameters:
$(crossunder)=8EMA,21EMA=Bearish $(crossover)=8EMA,21EMA=Bullish $entry=SELL STOP ORDER (Short)
$EMA#1 = 8 EMA (Red Color) $EMA#2 = 13 EMA (Blue Color) $EMA#3 = 21 EMA (Orange Color)
Strategy Logic:
1/ Check Daily Time Frame for trend confirmation if:
(look back up to 50 candles - find last cross of EMAs)
$(chart)=daily and trend=$(crossunder) then goto 2/ *Means: crossunder = ema21 > ema8
$(chart)=daily and trend=$(crossover) then stop (No trades) *Means: crossover = ema8 > ema21
NOTE: This function is switchable. 0=off and 1=on(active). Default = 1 (on)
2/ Check 4 Hourly Time Frame for trend confirmation if:
(look back up to 50 candles - find last cross of EMAs)
$(chart)=4H and trend=$(crossunder) then goto 3/ *Means: crossunder = ema21 > ema8
$(chart)=4H and trend=$(crossover) then stop (No trades) *Means: crossover = ema8 > ema21
NOTE: This function is switchable. 0=off and 1=on(active). Default = 1 (on)
3/ 1 Hourly Time Frame for trend confirmation AND trade execution if:
(look back up to 50 candles - find last cross of EMAs)
$(chart)=1H and trend=$(crossunder) then goto 4/ *Means: crossunder = ema21 > ema8
$(chart)=1H and trend=$(crossover) then stop (No trades) *Means: crossover = ema8 > ema21
4/ Trade preparation:
* if Next (subsequent) candle touches 8EMA, then set STOP LOSS and ENTRY
* $stoploss=3 pips ABOVE current candle HIGH
* $entry=3 pips BELOW current candle LOW
5/ Trade waiting (ONLY BEFORE entry is hit and trade activated):
* if price action touches 21 EMA then cancel trade and goto 1/
Note: Once trade is active this function does not apply !
6/ Trade Activation:
* if price activates/hits ENTRY price, then bot activates trade SHORTs market
7/ Optional Trailing stop:
* if active, then trailing stop 3 pips ABOVE previous HIGH of previous 5th candle
or * Move Stop Loss to Break Even after $X number of pips
NOTE: This means count back and apply accordingly to the 5th previous candle from current candle.
NOTE: This function is switchable. 0=off and 1=on(active). Default = 0 (off)
8/ Trade Close ~ Take Profit:
* Only TP when
$(chart)=1H and trend=$(crossover) then close trade ~ Or obviously if Stop Loss is hit if 7/ is activated.
----------END FOR SHORT TRADES LOGIC----------
.....::: FOR LONG TRADES ONLY :::.....
The Robot must use the following logic to enable and activate the LONG trades:
Parameters:
$(crossunder)=8EMA,21EMA=Bearish $(crossover)=8EMA,21EMA=Bullish $entry=BUY STOP ORDER (Long)
$EMA#1 = 8 EMA (Red Color) $EMA#2 = 13 EMA (Blue Color) $EMA#3 = 21 EMA (Orange Color)
Strategy Logic:
1/ Check Daily Time Frame for trend confirmation if:
(look back up to 50 candles - find last cross of EMAs)
$(chart)=daily and trend=$(crossover) then goto 2/ *Means: crossover = ema8 > ema21
$(chart)=daily and trend=$(crossunder) then stop (No trades) *Means: crossunder = ema21 > ema8
NOTE: This function is switchable. 0=off and 1=on(active). Default = 1 (on)
2/ Check 4 Hourly Time Frame for trend confirmation if:
(look back up to 50 candles - find last cross of EMAs)
$(chart)=4H and trend=$(crossover) then goto 3/ *Means: crossover = ema8 > ema21
$(chart)=4H and trend=$(crossunder) then stop (No trades) *Means: crossunder = ema21 > ema8
NOTE: This function is switchable. 0=off and 1=on(active). Default = 1 (on)
3/ 1 Hourly Time Frame for trend confirmation AND trade execution if:
(look back up to 50 candles - find last cross of EMAs)
$(chart)=1H and trend=$(crossover) then goto 4/ *Means: crossover = ema8 > ema21
$(chart)=1H and trend=$(crossunder) then stop (No trades) *Means: crossunder = ema21 > ema8
4/ Trade preparation:
* if Next (subsequent) candle touches 8EMA, then set STOP LOSS and ENTRY
* $stoploss=3 pips BELOW current candle LOW
* $entry=3 pips ABOVE current candle HIGH
5/ Trade waiting (ONLY BEFORE entry is hit and trade activated):
* if price action touches 21 EMA then cancel trade and goto 1/
Note: Once trade is active this function does not apply !
6/ Trade Activation:
* if price activates/hits ENTRY price, then bot activates trade LONGs market
7/ Optional Trailing stop:
* if active, then trailing stop 3 pips BELOW previous LOW of previous 5th candle
or * Move Stop Loss to Break Even after $X number of pips
NOTE: This means count back and apply accordingly to the 5th previous candle from current candle.
NOTE: This function is switchable. 0=off and 1=on(active). Default = 0 (off)
8/ Trade Close ~ Take Profit:
* Only TP when
$(chart)=1H and trend=$(crossunder) then close trade ~ Or obviously if Stop Loss is hit if 7/ is activated.
----------END FOR LONG TRADES LOGIC----------
IMPORTANT:
* If an existing trade is already open for that same pair, & price action touches 8EMA, do NOT open a new trade..
* bot must continuously check if a trade is currently open on the pair that triggers
* New trades are to be only opened if there is no active trade opened on current pair.
* Only 1 trade per pair rule !
* 5 simultaneous open trades (not same pairs) default = 5 but value can be changed accordingly.
* Maximum risk management must not exceed 1.5% on lot size
*** Some features are not yet available autoated, they will be added in due course in subsequent version updates ***
Automated Anchored VWAPThis was reasonably easy to put together and I can't find one that does this in the Library and I've been wanting one. Of course, the drawing tool is just fantastic, but sometimes it can be forgotten as new pivots emerge.
What you'll find elsewhere in the Library is a nice variety of fancier methods for determining an anchor point with labels, lines, timestamps and standard deviations.
This is just a simple script to pull the Anchored VWAP off of the most recent pivot and update that as new pivots become defined.
I wanted it to be really portable so it could easily work into other things you're working on while also keeping the chart reasonably clean.
The way this functions is as follows: A new pivot is found and VWAP is calculated from it. At that point the prior aVWAP is no longer tracked and it picks up from the new pivot .
Of course this means that the plot doesn't generate until the pivot is actually confirmed, which in turn means that the plot doesn't reach back to the pivot , it begins based on whatever "right bars" period you end up choosing.
I kind of like it that way, because you have your eyes on the one that matters until the new one matters.
The downside is that it doesn't track old pivots . The old aVWAP might still be in play. But if you track all of the old one's you'll have a 100 lines on your chart and no one wants that.
I recommend when you look back and think the old one is still in play, use the drawing tool to keep it on the chart.
Otherwise, let the script do the work for you.
Hope its helpful. Let me know what you think should be done to make it better.
[BA] ATR Stop LineThis indicator helps you to set your stoploss levels by using ATR. Traders often use atr values in order to calculate their stoploss levels.
This indicator does the calculation for you and draw two tiny lines without messing up the chart so that you can easily see your stoploss levels and get an idea about the volatility and risk amount as well.
One line is below the last candle as a long trade stop loss level and the other one is above the last candle as a short trade stop loss level.
Calculation is simple:
For short trades, 2 times ATR added to last price;
For long trades, 2 times ATR subtracted from last price.
You can change ATR length, ATR multiplier and the line length.
Good luck.
INDIGO - Cloud System ©INDIGO Cloud System ©
This script shows the monthly dip and peak zones and the daily highs & lows.
The green zone is the dip zone. It's the place to enter a long position if you think there is or will be a reversal.
The red zone is the peak zone. It's the place to enter a short position if you think there is or will be a reversal.
The script uses the INDIGO Cloud System ©, the Ultimate RSI and the Market Direction Indicator to find an entry at the most optimal point in space and time.
The exit for the long trade is on the purple line and the exit for the short trade is on the blue line.
It also has an RSI exit to minimize the risk of a sudden reversal in the wrong direction while in trade.
You can set TP and SL to see the effects of it on the chart. Be aware that these change a lot of trades so use it wisely.
The labels are connected to alerts to notify you of a possible entry or exit.
This script uses the Ultimate RSI by ChrisMoody, thanks for creating this Chris !
This script also uses the Market Direction Indicator by LazyBear, great script !
You can use the MD Filter to filter out some bad trades. It decreases losses but also some profits.
Experiment with the settings, each pairing needs different settings.
--> Use this script at your own risk. Do your own research, never invest money you're not willing to lose and never put your trust in one indicator !
To my best knowledge this script doesn't repaint. I never use the close and only use high/low when value can't be untrue again. If you find repainting in this script PLEASE let me know !
Feel free to contact me for questions or feedback.
Enjoy the script :)
Bjorgum AutoTrailOne Time Trade Risk Management
Incorporating the new interactive feature, this script is meant as a one time trailing stop for the active trader to manage positional risk of an ongoing trade. As a crypto trader or Fx trader, many may find themselves in a position late into the evening, or perhaps daily life is calling while a trade progresses in their favor. Adding a trailing stop to a position thats trending can help to keep you in the trade and lock in gains if things turn around when you are unable to react.
To use the trail, the user would add the script to the chart. Once added, a set of crosshairs will appear allowing the user to choose a point to begin. Often choosing to start a trail from a swing high/ low can be an ideal option. This tends to provide some protection for a stop by placing it under support for a long trade or above resistance for a short trade.
Price based trail
The trail will automatically plot and the offset is a factor of the distance from price action selected by the crosshairs. If placed above price action the script will plot a short trail, if placed below it will trail for a long position.
Additionally, there are several other trail types other than price based. There is also percent based, which offsets the trail as a percent from close. A hard stop is placed at the cross hair value, then once the distance is exceeded by the percentage specified, the trail begins.
There are 2 more volatility based trails. There is a PSAR trail which can provide quicker and tighter stops that accelerate with the trend locking in gains faster, and an ATR trail that keeps a distance from price action as a function of volatility. Volatility levels can be adjusted from the menu.
Volatility based trail (ATR)
Volatility based trail (PSAR)
Lastly, within the code for more the more technical savvy, is some starting setups for string alerts to be sent to exchanges via 3rd party or custom API applications. Some string manipulation is required for specific providers to meet their requirements, but there is some building block alerts that will take the ticker symbol, recognize the asset your trading (Fx, Crypto, etc) and take input quantity or exchange names from the settings via inputs.
Complex strings can be built to perform almost any trade related task when to comes to alerts via web hook. A little setup this way with some technology to back your system can mean a semi-automated half man, half machine setup that actually manages your trail stop while you cannot. For those that don’t go this far, there is some basic alert functionality that well trigger when a trail is hit so you can react and make a decision.
Please note that for now, interactive mode is engaged only when the script is added to the chart. Additional stops, or for adjustments to be made it is best to add a new version. Also as real trades could be at play managing an actual position, alerts are designed to go off only once to ensure no duplicate orders are sent meaning alerts are not reoccurring. Once an alert is triggered, a new trail is to be set up.
A modified version of the TradingView built in SAR equation was used in this script. To provide the value of the SAR on the stop candle, it was necessary to alter the equation to extract this value as the regular SAR “flips” at this point. Thank you to TradingView for supplying access to the built in formula so that this SAR could behave the same as the built-in function outside of these alterations
Example of SAR value maintained in trigger candle
Cheers and happy trading.
3 Auto Fibonacci RetracementsThe Indicator displays 3 different Auto Fibonacci Retracements with top, bottom, the 0.618 and 0.382 levels.
Also it displays 3 Moving Averages with the same length as the AutoFibos.
If the MA over the 0.618 level it colors itself yellow, if between 0.618 ans 0.382 white and under 0.382 blue.
The green lines are the top of the AutoFibos, red lines the bottom, blue lines are resistance/supports and yellow lines are stronger resistance/supports.
[SK] Fibonacci Auto Trend ScouterThe FATS - Fibonacci Auto Trend Scouter automatically draws active trends from 2 different timeframes along with Fibonacci Support and Resistance levels. It also has a Sights feature for each timeframe which points from it's middle towards the current price. The tool is also highly customizable for you to take this indicator over 9000. If you like the tool and it adds value to you - share the love on the like button and visit my profile to check out my other indicators and subscribe, so you're notified of my next scripts and ideas!
Automatic Trend Lines
The indicator takes in 2 timeframes to detect High and Low values from which to draw the trend lines of each timeframe.
As the values change with price movement, the lines are updated. They are color coded for uptrend and downtrend based on the direction of each individual line. Trend lines can be set up to color with only the default value on the configurations panel.
- Toggle on/off Color Coded
- Change Default, Uptrend, Downtrend color
- Change Line Width
- Change Line Style
- Toggle on/off Line Extensions
- Change Extended Line Width
- Change Extended Line Style
- Toggle On/Off labels for 7 data points of each timeframe
Automatic Trend Sights
This is a neat feature that may help you get a better feel for the direction the current movement is heading towards in correlation with the short or medium length timeframe trends. The sight draws a line from the middle vertical point of the trend coordinates towards the current price. They are toggled off by default but can be enabled in the configurations panel.
- Toggle on/off sight on each timeframe
- Change Width
- Change Line Style
Automatic Fibonacci Levels
The tool has a very useful feature to automatically detect the highest and lowest value from the short timeframe to calculate Fibonacci support and resistant levels. To keep the chart area clean, the lines are drawn short by default towards the right side of the price but provide inputs to increase the size of the level lines towards the left and right direction. A triangle label appears to the side of each line which holds the Fibonacci level and price data inside the tooltip, hover over them to activate.
- Toggle on/off color coded
- Change Default, Resistance, Support colors
- Change line size towards the left and right side
- Change line width
- Change Resistance line style
- Change Support line style
- Toggle on/off High and Low source line
- Toggle on/off High and Low source labels
Grid Bot SimulatorThis script is a grid bot simulator 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.
Settings overview:
Upper Limit/Lower Limit : Highest and Lowest values for entire grid.
Number of Grids : Number of trade zones.
Show Grids : Show or hide all gridlines.
Show Only Current Grids : Only display the grids just above and just below the current trade zone.
High/Low 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.
Highlight Trade Zones
The grid bot should work well during ranging/choppy markets. Each zone will have only one trade, and then will immediately take profit in the next zone.
Ranging/Choppy Market
However, trending markets can produce multiple signals in rapid succession:
Trending Market
If the gridlines are compressing the chart space, enable the “Show Only Current Grids” in settings.
Show Only Current Grids disabled
Show Only Current Grids enabled
When changing symbols, adjust the Upper and Lower Limits to accommodate the new symbol. Otherwise, the chart will look compressed.
XBTUSD chart with ETHUSDT settings
The bot is a proof-of-concept and is considered experimental . Possible future updates will include Fibonacci grids and “smart entry/exits,” depending on the current trend. Comments and suggestions are encouraged.
ATR SL Buy/Sell w/ SMAsFirstly I'd like to state that this script's ATR buy/sell source is from the public script library here:
Additionally with the buy/sell signals from the original script, two more buy/sell conditions were added to give more entries/scaling in or out options. On top of that, two SMA lines were added, a 1 day moving average and a 5 day moving average.
This script is more so designed for scalping/scaling in and out of positions already made.
The SMAs add a level of confidence to the entry order, buy/sell triggers are not based on these SMAs.
For the confirmation on the entry, ideally you want a bullish cross on the SMAs, as well as the color of the SMA to correlate to the buy/sell color.
TMSignal Trend Channel V1.0TMSignal Trend Channel V1.0: Automatically calculates bullish , bearish or lateral channels. %Pearson's R is added for better trend analysis.
Deviations can be configured and adjusted for greater precision in the marked channels.
We hope you like it! Contact us any question or improvement suggestions.
TMsignal - RSI Divergence V1.0TMsignal - RSI Divergence V1.0: It automatically shows RSI Divergence, being much useful for detecting future changes in the tendency of the current stock, and weakness in the actual tendency.
Different timeframes can be set up to meet your needs.
We hope you like it! Contact us any question or improvement suggestions.
(JS) Multi-Time Frame Pivot Point Detector 2.0So here's an updated version of my automatic Pivot Point detector.
If you don't like having a bunch of Pivots on your chart at once, or having to cycle through various resolutions to see different ones, this is for you!
What does this indicator do? It automatically detects the nearest daily, weekly, and monthly pivot points both above and below the current price and automatically plots them for you. It's really just as simple as that.
You select how far back you want it to plot with the "Pivot Point Look Back Period" option.
I also have transparency options for each type of pivot so its easy to find the opacity you prefer and save it as a default setting.
With "Turn Off Each Pivot Point On All Time Frames" turned on, as an example, if you were to uncheck "S1/R1" then it turns S1/R1 plots off across all 3 pivot resolutions. By default however, I have it set where you can pick and choose each one individually.
I also added the default "VWAP Periodic" script from TradingView in there with it (not in prior version). This works identical to the built in indicator (because it is identical).
Trading algorithms like to target pivot points and liquidity, so I figured they would pair together nicely for active trading.
Best Ichimoku ScreenerHello traders
Continuing deeper and stronger with the screeners' educational series one more time
I - Concept
This screener detects whether the price goes above, below or stays in between the Ichimoku cloud
II - How did I set the screener
The visual signals are as follow:
- square: Above or Below
Then the colors are:
- green when above the cloud
- red when below the cloud
- orange when in the cloud
Best regards,
Dave
Market Type IdentifierHelps to evaluate if a market is crypto, forex or stocks. Useful if you want to use specific Ichimoku settings or certain moving averages without having to manually change the settings. This is mostly provided for other Pinescript coders, so will not be useful as a standalone indicator
Supertrend Multi Time Frame - Auto HTF calculationThere is already SuperTrend indicator and thanks to its developer.
This script draws supertrend for current and higher time frame, it automatically calculates higher time frame and you don't need to adjust it when you change the period.
it also change the color of bars according to current and HTF supertrend, so you can see the trend by looking at bars color.
Bar color is lime if trend is up and red if trend is down. but if you see white bars then there is movement opposite the main trend.
if you like it please comment.
Auto Fibonacci S/R @robinraszkaThis script automatically plots Fibonacci Retracement levels between high and low of a period of your choosing. I usually trade H1/H4 charts, and it seems to line up really well in those timeframes.
Enjoy.
