MultiLayer Awesome Oscillator Saucer Strategy [Skyrexio]Overview
MultiLayer Awesome Oscillator Saucer Strategy leverages the combination of Awesome Oscillator (AO), Williams Alligator, Williams Fractals and Exponential Moving Average (EMA) to obtain the high probability long setups. Moreover, strategy uses multi trades system, adding funds to long position if it considered that current trend has likely became stronger. Awesome Oscillator is used for creating signals, while Alligator and Fractal are used in conjunction as an approximation of short-term trend to filter them. At the same time EMA (default EMA's period = 100) is used as high probability long-term trend filter to open long trades only if it considers current price action as an uptrend. More information in "Methodology" and "Justification of Methodology" paragraphs. The strategy opens only long trades.
Unique Features
No fixed stop-loss and take profit: Instead of fixed stop-loss level strategy utilizes technical condition obtained by Fractals and Alligator to identify when current uptrend is likely to be over (more information in "Methodology" and "Justification of Methodology" paragraphs)
Configurable Trading Periods: Users can tailor the strategy to specific market windows, adapting to different market conditions.
Multilayer trades opening system: strategy uses only 10% of capital in every trade and open up to 5 trades at the same time if script consider current trend as strong one.
Short and long term trend trade filters: strategy uses EMA as high probability long-term trend filter and Alligator and Fractal combination as a short-term one.
Methodology
The strategy opens long trade when the following price met the conditions:
1. Price closed above EMA (by default, period = 100). Crossover is not obligatory.
2. Combination of Alligator and Williams Fractals shall consider current trend as an upward (all details in "Justification of Methodology" paragraph)
3. Awesome Oscillator shall create the "Saucer" long signal (all details in "Justification of Methodology" paragraph). Buy stop order is placed one tick above the candle's high of last created "Saucer signal".
4. If price reaches the order price, long position is opened with 10% of capital.
5. If currently we have opened position and price creates and hit the order price of another one "Saucer" signal another one long position will be added to the previous with another one 10% of capital. Strategy allows to open up to 5 long trades simultaneously.
6. If combination of Alligator and Williams Fractals shall consider current trend has been changed from up to downtrend, all long trades will be closed, no matter how many trades has been opened.
Script also has additional visuals. If second long trade has been opened simultaneously the Alligator's teeth line is plotted with the green color. Also for every trade in a row from 2 to 5 the label "Buy More" is also plotted just below the teeth line. With every next simultaneously opened trade the green color of the space between teeth and price became less transparent.
Strategy settings
In the inputs window user can setup strategy setting: EMA Length (by default = 100, period of EMA, used for long-term trend filtering EMA calculation). User can choose the optimal parameters during backtesting on certain price chart.
Justification of Methodology
Let's go through all concepts used in this strategy to understand how they works together. Let's start from the easies one, the EMA. Let's briefly explain what is EMA. The Exponential Moving Average (EMA) is a type of moving average that gives more weight to recent prices, making it more responsive to current price changes compared to the Simple Moving Average (SMA). It is commonly used in technical analysis to identify trends and generate buy or sell signals. It can be calculated with the following steps:
1.Calculate the Smoothing Multiplier:
Multiplier = 2 / (n + 1), Where n is the number of periods.
2. EMA Calculation
EMA = (Current Price) × Multiplier + (Previous EMA) × (1 − Multiplier)
In this strategy uses EMA an initial long term trend filter. It allows to open long trades only if price close above EMA (by default 50 period). It increases the probability of taking long trades only in the direction of the trend.
Let's go to the next, short-term trend filter which consists of Alligator and Fractals. Let's briefly explain what do these indicators means. The Williams Alligator, developed by Bill Williams, is a technical indicator designed to spot trends and potential market reversals. It uses three smoothed moving averages, referred to as the jaw, teeth, and lips:
Jaw (Blue Line): The slowest of the three, based on a 13-period smoothed moving average shifted 8 bars ahead.
Teeth (Red Line): The medium-speed line, derived from an 8-period smoothed moving average shifted 5 bars forward.
Lips (Green Line): The fastest line, calculated using a 5-period smoothed moving average shifted 3 bars forward.
When these lines diverge and are properly aligned, the "alligator" is considered "awake," signaling a strong trend. Conversely, when the lines overlap or intertwine, the "alligator" is "asleep," indicating a range-bound or sideways market. This indicator assists traders in identifying when to act on or avoid trades.
The Williams Fractals, another tool introduced by Bill Williams, are used to pinpoint potential reversal points on a price chart. A fractal forms when there are at least five consecutive bars, with the middle bar displaying the highest high (for an up fractal) or the lowest low (for a down fractal), relative to the two bars on either side.
Key Points:
Up Fractal: Occurs when the middle bar has a higher high than the two preceding and two following bars, suggesting a potential downward reversal.
Down Fractal: Happens when the middle bar shows a lower low than the surrounding two bars, hinting at a possible upward reversal.
Traders often combine fractals with other indicators to confirm trends or reversals, improving the accuracy of trading decisions.
How we use their combination in this strategy? Let’s consider an uptrend example. A breakout above an up fractal can be interpreted as a bullish signal, indicating a high likelihood that an uptrend is beginning. Here's the reasoning: an up fractal represents a potential shift in market behavior. When the fractal forms, it reflects a pullback caused by traders selling, creating a temporary high. However, if the price manages to return to that fractal’s high and break through it, it suggests the market has "changed its mind" and a bullish trend is likely emerging.
The moment of the breakout marks the potential transition to an uptrend. It’s crucial to note that this breakout must occur above the Alligator's teeth line. If it happens below, the breakout isn’t valid, and the downtrend may still persist. The same logic applies inversely for down fractals in a downtrend scenario.
So, if last up fractal breakout was higher, than Alligator's teeth and it happened after last down fractal breakdown below teeth, algorithm considered current trend as an uptrend. During this uptrend long trades can be opened if signal was flashed. If during the uptrend price breaks down the down fractal below teeth line, strategy considered that uptrend is finished with the high probability and strategy closes all current long trades. This combination is used as a short term trend filter increasing the probability of opening profitable long trades in addition to EMA filter, described above.
Now let's talk about Awesome Oscillator's "Sauser" signals. Briefly explain what is the Awesome Oscillator. The Awesome Oscillator (AO), created by Bill Williams, is a momentum-based indicator that evaluates market momentum by comparing recent price activity to a broader historical context. It assists traders in identifying potential trend reversals and gauging trend strength.
AO = SMA5(Median Price) − SMA34(Median Price)
where:
Median Price = (High + Low) / 2
SMA5 = 5-period Simple Moving Average of the Median Price
SMA 34 = 34-period Simple Moving Average of the Median Price
Now we know what is AO, but what is the "Saucer" signal? This concept was introduced by Bill Williams, let's briefly explain it and how it's used by this strategy. Initially, this type of signal is a combination of the following AO bars: we need 3 bars in a row, the first one shall be higher than the second, the third bar also shall be higher, than second. All three bars shall be above the zero line of AO. The price bar, which corresponds to third "saucer's" bar is our signal bar. Strategy places buy stop order one tick above the price bar which corresponds to signal bar.
After that we can have the following scenarios.
Price hit the order on the next candle in this case strategy opened long with this price.
Price doesn't hit the order price, the next candle set lower low. If current AO bar is increasing buy stop order changes by the script to the high of this new bar plus one tick. This procedure repeats until price finally hit buy order or current AO bar become decreasing. In the second case buy order cancelled and strategy wait for the next "Saucer" signal.
If long trades has been opened strategy use all the next signals until number of trades doesn't exceed 5. All trades are closed when the trend changes to downtrend according to combination of Alligator and Fractals described above.
Why we use "Saucer" signals? If AO above the zero line there is a high probability that price now is in uptrend if we take into account our two trend filters. When we see the decreasing bars on AO and it's above zero it's likely can be considered as a pullback on the uptrend. When we see the stop of AO decreasing and the first increasing bar has been printed there is a high probability that this local pull back is finished and strategy open long trade in the likely direction of a main trend.
Why strategy use only 10% per signal? Sometimes we can see the false signals which appears on sideways. Not risking that much script use only 10% per signal. If the first long trade has been open and price continue going up and our trend approximation by Alligator and Fractals is uptrend, strategy add another one 10% of capital to every next saucer signal while number of active trades no more than 5. This capital allocation allows to take part in long trades when current uptrend is likely to be strong and use only 10% of capital when there is a high probability of sideways.
Backtest Results
Operating window: Date range of backtests is 2023.01.01 - 2024.11.25. It is chosen to let the strategy to close all opened positions.
Commission and Slippage: Includes a standard Binance commission of 0.1% and accounts for possible slippage over 5 ticks.
Initial capital: 10000 USDT
Percent of capital used in every trade: 10%
Maximum Single Position Loss: -5.10%
Maximum Single Profit: +22.80%
Net Profit: +2838.58 USDT (+28.39%)
Total Trades: 107 (42.99% win rate)
Profit Factor: 3.364
Maximum Accumulated Loss: 373.43 USDT (-2.98%)
Average Profit per Trade: 26.53 USDT (+2.40%)
Average Trade Duration: 78 hours
These results are obtained with realistic parameters representing trading conditions observed at major exchanges such as Binance and with realistic trading portfolio usage parameters.
How to Use
Add the script to favorites for easy access.
Apply to the desired timeframe and chart (optimal performance observed on 3h BTC/USDT).
Configure settings using the dropdown choice list in the built-in menu.
Set up alerts to automate strategy positions through web hook with the text: {{strategy.order.alert_message}}
Disclaimer:
Educational and informational tool reflecting Skyrex commitment to informed trading. Past performance does not guarantee future results. Test strategies in a simulated environment before live implementation
Awesome_oscillator
Bullish/Bearish Reversal Bars Indicator [Skyrexio]Introduction
Bullish/Bearish Reversal Bars Indicator leverages the combination of candlestick reversal bar pattern and the Williams Alligator indicator to help traders in understanding where there is a high probability of market reversal or correction. Indicator works for both bearish and bullish cases. It visualizes the bearish and bullish reversal bars with red and green dots and also plots the Alligator's lips to make it more convenient for traders to understand if price is above or below lips line (more information in "Methodology and it's justification" paragraph).
Features
Market Facilitation Index(MFI) filter: with the specified parameter in settings user can choose to filter bullish and bearish reversal bars which passed the MFI condition.
Awesome Oscillator(AO) filter: with the specified parameter in settings user can choose to filter bullish and bearish reversal bars which passed the AO condition.
Alerts: user can set up the alert and have notifications when bullish/bearish reversal bar has been printed.
Methodology and it's justification
In the script’s methodology, we apply the concepts of bullish and bearish reversal bars introduced by Bill Williams in his book Trading Chaos. So, what exactly is a bullish or bearish reversal bar? At its core, it’s a candlestick pattern. A bullish reversal bar is a bar that closes in its upper half, while a bearish reversal bar closes in its lower half.
Why is this type of bar significant? Let’s look at the bullish reversal bar as an example. When the price is trending upward, forming higher highs with each candle, and we suddenly see a bullish bar that makes a new high but ultimately closes in its lower half, it signals a shift in control. Bears have taken control toward the end of that candle's period, pushing the price back down. This can be interpreted as a sign of trend weakness and a potential reversal (or at least a correction).
An additional key point is that a reversal bar often indicates a possible end to the trend. Therefore, for a reversal bar to be valid, several preceding candles should show lower highs (for bullish bars) or higher lows (for bearish bars), reinforcing the likelihood of a trend change.
The second step on methodology is the location of the bar related to Williams Alligator. The Williams Alligator Indicator, developed by Bill Williams, is a technical analysis tool that helps traders identify trends and potential turning points in the market. It consists of three lines, often called the jaw, teeth, and lips of the alligator, each representing different moving averages:
Jaw (Blue Line): A slower moving average, typically a 13-period smoothed moving average shifted 8 bars into the future.
Teeth (Red Line): A medium moving average, typically an 8-period smoothed moving average shifted 5 bars into the future.
Lips (Green Line): A faster moving average, usually a 5-period smoothed moving average shifted 3 bars into the future.
When the three lines are spread out and moving in the same direction, it suggests a strong trend (the "alligator" is "awake and feeding"). When they intertwine, the indicator suggests that the market is moving sideways, or in a range, signaling a lack of clear trend (the "alligator" is "sleeping"). Traders use the Alligator Indicator to enter trades in trending markets and avoid trades in choppy, non-trending markets.
If bullish reversal bar's high is not below and bearish reversal bar's low is not above all three Alligator's lines (jaw, lips, teeth) they cannot be interpreted as these types of bars. It can be explained as following: if we are waiting for the bullish reversal bar it shall be reversal from downtrend. If price is not below all three lines it can't be interpret as the downtrend according to this method. The opposite is true for the bearish reversal bar.
All described above are obligatory conditions for reversal bar, now let's discuss two not obligatory conditions. The first one is Market Facilitation Index (MFI) restriction. Let's briefly look what is MFI. The Market Facilitation Index (MFI) is a technical indicator that measures the price movement per unit of volume, helping traders gauge the efficiency of price movement in relation to trading volume. Here's how you can calculate it:
MFI = (High−Low)/Volume
MFI can be used in combination with volume, so we can divide 4 states. Bill Williams introduced these to help traders interpret the interaction between volume and price movement. Here’s a quick summary:
Green Window (Increased MFI & Increased Volume): Indicates strong momentum with both price and volume increasing. Often a sign of trend continuation, as both buying and selling interest are rising.
Fake Window (Increased MFI & Decreased Volume): Shows that price is moving but with lower volume, suggesting weak support for the trend. This can signal a potential end of the current trend.
Squat Window (Decreased MFI & Increased Volume): Shows high volume but little price movement, indicating a tug-of-war between buyers and sellers. This often precedes a breakout as the pressure builds.
Fade Window (Decreased MFI & Decreased Volume): Indicates a lack of interest from both buyers and sellers, leading to lower momentum. This typically happens in range-bound markets and may signal consolidation before a new move.
For our purposes we are interested in squat bars. This is the sign that volume cannot move the price easily. This type of bar increases the probability of trend reversal. In this indicator we added to enable the MFI filter of reversal bars. If potential reversal bar or two preceding bars have squat state this bar can be interpret as a reversal one.
The second additional filter is Awesome Oscillator. The Awesome Oscillator (AO), developed by Bill Williams, is a momentum indicator that measures market momentum by comparing recent price action to a longer historical context. It helps traders identify potential trend reversals and the strength of trends. Formula:
AO = SMA5(Median Price) − SMA34(Median Price)
where:
Median Price = (High + Low) / 2
SMA5 = 5-period Simple Moving Average of the Median Price
SMA 34 = 34-period Simple Moving Average of the Median Price
If AO is decreasing momentum is bearish, if increasing - bullish. According to Bill Williams approach reversal bars are the potential trades against the trend. As a result we added second filter for bullish reversal bars AO shall be decreasing, for bearish increasing.
How to use indicator
Apply it to desired chart and time frame. It works on every time frame.
Setup the filters with the "Enable MFI" and "Enable AO" checkboxes in the settings. By default they are turned on.
Analyze the price action. Indicator plotted the white line, this is the lips of an Alligator. It will help you to understand how price is moving in comparison to lips line. Indicator will print the green dot and text "BULL" below it current bar is bullish reversal. It will print the red dot and text "BEAR" above it if current bar is interpreted by algorithm as a bearish reversal.
Set up the alerts if it's needed. Indicator has two custom alerts called "Bullish reversal bar has been printed" and "Bearish reversal bar has been printed"
Disclaimer:
Educational and informational tool reflecting Skyrex commitment to informed trading. Past performance does not guarantee future results. Test indicators before live implementation.
Advanced Awesome Oscillator [CryptoSea]Advanced AO Analysis Indicator
The Advanced AO Analysis indicator is a sophisticated tool designed to evaluate the Awesome Oscillator (AO) in search of regular and hidden divergences that signal potential price reversals. By tracking the intensity and duration of the AO's movements, this indicator aids traders in pinpointing critical points in price action.
Key Features
Divergence Detection: Identifies both regular and hidden bullish and bearish divergences, providing early signs of potential market reversals.
Customizable Lookback Periods: Allows users to set specific lookback windows to define the strength and relevance of detected divergences.
Adaptive Oscillator Display: Features customizable display options for the AO, enabling users to view data in different modes suited to their analysis needs.
Alert System: Includes configurable alerts to notify users of potential divergence formations, helping traders respond promptly.
How it Works
AO Calculation: Computes the AO as the difference between short-term and long-term moving averages of the midpoints of bars, highlighting momentum shifts.
Pivot Point Analysis: Utilizes advanced algorithms to find low and high pivot points based on the oscillator values, crucial for spotting trend reversals.
Range Validation: Verifies that divergences occur within a predefined range from pivot points, ensuring their validity and strength.
Visualisation: Plots AO values and potential divergences directly on the chart, aiding in quick visual analysis.
Application
Strategic Decision-Making: Assists traders in making informed decisions by providing detailed analysis of AO movements and divergence.
Trend Confirmation: Reinforces trading strategies by confirming potential reversals with pivot point detection and divergence analysis.
Behavioural Insight: Offers insights into market dynamics and sentiment by analyzing the depth and duration of AO cycles above and below zero.
The Advanced AO Analysis indicator equips traders with a powerful analytical tool for studying the Awesome Oscillator in-depth, enhancing their ability to spot and act on divergence-based trading opportunities in the cryptocurrency markets.
Momentum Alligator 4h Bitcoin StrategyOverview
The Momentum Alligator 4h Bitcoin Strategy is a trend-following trading system that operates on dual time frames. It utilizes the 1D Williams Alligator indicator to identify the prevailing major price trend and seeks trading opportunities on the 4-hour (4h) time frame when the momentum is turning up. The strategy is designed to close trades if the trend fails to develop or holding position if price continues increasing without any significant correction. Note that this strategy is specifically tailored for the 4-hour time frame.
Unique Features
2-layers market noise filtering system: Trades are only initiated in the direction of the 1D trend, determined by the Williams Alligator indicator. This higher time frame confirmation filters out minor trade signals, focusing on more substantial opportunities. At the same time, strategy has additional filter on 4h time frame with Awesome Oscillator which is showing the current price momentum.
Flexible Risk Management: The strategy exclusively opens long positions, resulting in fewer trades during bear markets. It incorporates a dynamic stop-loss mechanism, which can either follow the jaw line of the 4h Alligator or a user-defined fixed stop-loss. This flexibility helps manage risk and avoid non-trending markets.
Methodology
The strategy initiates a long position when the d-line of Stochastic RSI crosses up it's k-line. It means that there is a high probability that price momentum reversed from down to up. To avoid overtrading in potentially choppy markets, it skips the next two trades following a winning trade, anticipating sideways movement after a significant price surge.
This strategy has two layers trades filtering system: 4h and 1D time frames. The first one is awesome oscillator. It shall be increasing and value has to be higher than it's 5-period SMA. This is an additional confirmation that long trade is opened in the direction of the current momentum. As it was mentioned above, all entry signals are validated against the 1D Williams Alligator indicator. A trade is only opened if the price is above all three lines of the 1D Alligator, ensuring alignment with the major trend.
A trade is closed if the price hits the 4h jaw line of the Alligator or reaches the user-defined stop-loss level.
Risk Management
The strategy employs a combined approach to risk management:
It allows positions to ride the trend as long as the price continues to move favorably, aiming to capture significant price movements. It features a user-defined stop-loss parameter to mitigate risks based on individual risk tolerance. By default, this stop-loss is set to a 2% drop from the entry point, but it can be adjusted according to the trader's preferences.
Justification of Methodology
This strategy leverages Stochastic RSI on 4h time frame to open long trade when momentum started reversing to the upside. On the one hand, Stochastic RSI is one of the most sensitive indicator, which allows to react fast on the potential trend reversal. On the other hand, this indicator can be too sensitive and provide a lot of false trend changing signals. To eliminate this weakness we use two-layers trades filtering system.
The first layer is the 4h Awesome oscillator. This is less sensitive momentum indicator. Usually it starts increasing when price has already passed significant distance from the actual reversal point. The strategy opens long trade only is Awesome oscillator is increasing and above it's 5-period SMA. This approach increases the probability to filter the false signals during the choppy market or if the reversal is false.
The second layer filter is the Williams Alligator indicator on 1D time frame. The 1D Alligator serves as a filter for identifying the primary trend and increases probability to avoid the trades with low potential because trading against major trend usually is more risky. It's much better to catch the trend continuation than local bounce.
Last but not least feature of this strategy is close trades condition. It uses the flexible approach. First of all, user can set up the fixed stop-loss according to his own risk-tolerance, by default this value is 2% of price movement. It restricts the potential loss at the moment when trade has just been opened. Moreover strategy utilizes the 4h Williams Alligator's jaw line to exit the trade. If price fell below it trade is closed. This approach helps to not keep open trade if trend is not developing and hold it if price continues going up.
Backtest Results:
Operating window: Date range of backtests is 2021.01.01 - 2024.05.01. It is chosen to let the strategy to close all opened positions.
Commission and Slippage: Includes a standard Binance commission of 0.1% and accounts for possible slippage over 5 ticks.
Initial capital: 10000 USDT
Percent of capital used in every trade: 50%
Maximum Single Position Loss: -3.04%
Maximum Single Profit: +29.67%
Net Profit: +6228.01 USDT (+62.28%)
Total Trades: 118 (24.58% win rate)
Profit Factor: 1.71
Maximum Accumulated Loss: 1527.69 USDT (-11.52%)
Average Profit per Trade: 52.78 USDT (+0.89%)
Average Trade Duration: 60 hours
These results are obtained with realistic parameters representing trading conditions observed at major exchanges such as Binance and with realistic trading portfolio usage parameters.
How to Use:
Add the script to favorites for easy access.
Apply to the 4h timeframe desired chart (optimal performance observed on the BTC/USDT).
Configure settings using the dropdown choice list in the built-in menu.
Set up alerts to automate strategy positions through web hook with the text: {{strategy.order.alert_message}}
Disclaimer:
Educational and informational tool reflecting Skyrex commitment to informed trading. Past performance does not guarantee future results. Test strategies in a simulated environment before live implementation
Non-Repainting Awesome Oscillator[TV1ndicator]Non-Repainting Awesome Oscillator (NRAO) is an improved standard Awesome Oscillator
NRAO, unlike the built-in AO , does not repaint the values calculated on real-time bars when using an alternative timeframe .
The modification is based on the current version of the built-in Awesome Oscillator - 27.0
Comparison of AO and NRAO
In the following screenshot AO(gaps on), AO(gaps off), NRAO\ (non-repainting off), NRAO(non-repainting on) , the chart timeframe is 1 minute, and the indicator timeframe is 10 minutes:
Starting from 9:17, the chart worked in real time.
The following screenshot shows the same indicators for the same period, but after refreshing the page at 10:21:
The repainting of the built-in AO's minute-to-minute data when the "Wait for timeframe closes" option is turned off is obvious.
Even turning on the "Wait for timeframe closes" option, which in theory should prevent repainting, does not help. On historical data, the value is calculated at the close of the bar of an alternative timeframe, and is displayed at 9, 19, 29,39,... minutes of the chart.
On real data, the AO value is calculated at the close of the first bar of the chart timeframe, the opening of which coincides with the opening of a bar of an alternative timeframe, and is displayed at 10, 20, 30, 40,... minutes of the chart.
In addition, AO displays a value on the first real-time bar, which will disappear if you refresh the page after some time.
NRAO(non-repainting off) works similarly to AO(gaps off).
NRAO(non-repainting on) calculates and displays values in the same way both in history and in real time.
P.S. I publish this indicator in order to describe the problem using its example. The vast majority of built-in indicators are subject to such repaint. Unfortunately, sometimes repaint can lead to an erroneous trading decision. Not only beginners, but sometimes even experienced traders face this problem. Over many years of practice, I have repeatedly encountered situations where my clients were disappointed in their strategies as soon as they realized that standard indicators on alternative timeframes were repainting, and the strategy I wrote using indicators without repainting did not work quite as they expected.
I hope this example will help in the future to avoid unnecessary mistakes when using built-in indicators on alternative timeframes.
If you find this modification useful for other built-in indicators, write what other indicators without repainting you would like to see.
Non-Repainting Awesome Oscillator (NRAO) - это усовершенствованный стандартный Awesome Oscillator
NRAO в отличии от встроенного AO не перерисовывает значения, рассчитанные на барах реального времени при использовании альтернативного таймфрейма.
За основу модификации взята актуальная версия встроенного Awesome Oscillator - 27.0
Сравнение работы AO и NRAO
На следующем скриншоте отображены AO(gaps on), AO(gaps off), NRAO(non-repainting off), NRAO(non-repainting on) на таймфрейме графика 1 минута, и таймфрейме индикаторов 10 минут:
Начиная с 9:17 график работал в реальном времени.
На следующем скриншоте отображены те же индикаторы за тот же период, только после обновления страницы в 10:21:
Перерисовка ежеминутных данных встроенного AO при выключенной опции "Дождаться закрытия интервала" видна сразу.
Даже включение опции "Дождаться закрытия интервала", которая по идее должна была бы исключить перерисовку, не избавляет встроенный AO от неё. На исторических данных значение рассчитывается на закрытии бара альтернативного таймфрейма, и отображается на 9, 19, 29,39,... минутах графика.
На реальных данных значение AO рассчитывается на закрытии первого бара таймфрейма графика, открытие которого совпадает с открытием бара альтернативного таймфрейма, и отображается на 10, 20, 30, 40,... минутах графика.
Кроме того AO отображает значение на первом баре реального времени, которое не будет отображено, если обновить страницу спустя некоторое время.
NRAO(non-repainting off) работает аналогично AO(gaps off).
NRAO(non-repainting on) рассчитывает и отображает значения одинаково как на истории, так в реальном времени.
P.S. Я публикую этот индикатор для того, чтобы на его примере описать проблему. Подобной перерисовке подвержено абсолютное большинство встроенных индикаторов. К сожалению, иногда подобная перерисовка может привести к ошибочному торговому решению. С этой проблемой сталкиваются не только новички, но иногда и бывалые трейдеры. За многолетнюю практику я не один раз сталкивался с ситуациями, когда мои клиенты были разочарованы в своих стратегиях, как только они понимали, что стандартные индикаторы на альтернативных таймфреймах иногда перерисовываются, и написанная мной стратегия с использованием индикаторов без перерисовки работает не совсем так как они ожидали. Искренне надеюсь, что этот пример поможет вам в будущем избежать лишних ошибок при использовании встроенных индикаторов на альтернативных таймфреймах.
Если вы считаете полезным такую доработку для других встроенных индикаторов, пишите в отзывах какие еще индикаторы без перерисовки вы бы хотели видеть.
Amazing Oscillator (AO) [Algoalpha]Description:
Introducing the Amazing Oscillator indicator by Algoalpha, a versatile tool designed to help traders identify potential trend shifts and market turning points. This indicator combines the power of the Awesome Oscillator (AO) and the Relative Strength Index (RSI) to create a new indicator that provides valuable insights into market momentum and potential trade opportunities.
Key Features:
Customizable Parameters: The indicator allows you to customize the period of the RSI calculations to fine-tune the indicator's responsiveness.
Visual Clarity: The indicator uses user-defined colors to visually represent upward and downward movements. You can select your preferred colors for both bullish and bearish signals, making it easy to spot potential trade setups.
AO and RSI Integration: The script combines the AO and RSI indicators to provide a comprehensive view of market conditions. The RSI is applied to the AO, which results in a standardized as well as a less noisy version of the Awesome Oscillator. This makes the indicator capable of pointing out overbought or oversold conditions as well as giving fewer false signals
Signal Plots: The indicator plots key levels on the chart, including the RSI threshold(Shifted down by 50) at 30 and -30. These levels are often used by traders to identify potential trend reversal points.
Signal Alerts: For added convenience, the indicator includes "x" markers to signal potential buy (green "x") and sell (red "x") opportunities based on RSI crossovers with the -30 and 30 levels. These alerts can help traders quickly identify potential entry and exit points.
SOFEX Strong Volatility Trend Follower + BacktestingWhat is the SOFEX Strong Volatility Trend Follower + Backtesting script?
🔬 Trading Philosophy
This script is trend-following, attempting to avoid choppy markets.
It has been developed for Bitcoin and Ethereum trading, on 1H timeframe.
The strategy does not aim to make a lot of trades, or to always remain in a position and switch from long to short. Many times there is no direction and the market is in "random walk mode", and chasing trades is futile.
Expectations of performance should be realistic.
The script focuses on a balanced take-profit to stop-loss ratio. In the default set-up of the script, that is a 2% : 2% (1:1) ratio. A relatively low stop loss and take profit build onto the idea that positions should be exited promptly. There are many options to edit these values, including enabling trailing take profit and stop loss. Traders can also completely turn off TP and SL levels, and rely on opposing signals to exit and enter new trades.
Extreme scenarios can happen on the cryptocurrency markets, and disabling stop-loss levels completely is not recommended. The position size should be monitored since all of it is at risk with no stop-loss.
⚙️ Logic of the indicator
The Strong Volatility Trend Follower indicator aims at evading ranging market conditions. It does not seek to chase volatile, yet choppy markets. It aims at aggressively following confirmed trends. The indicator works best during strong, volatile trends, however, it has the downside of entering trades at trend tops or bottoms.
This indicator also leverages proprietary adaptive moving averages to identify and follow strong trend volatility effectively. Furthermore, it uses the Average Directional Index, Awesome Oscillator, ATR and a modified version of VWAP, to categorize trends into weak or strong ones. The VWAP indicator is used to identify the monetary (volume) inflow into a given trend, further helping to avoid short-term manipulations. It also helps to distinguish choppy-market volatility with a trending market one.
📟 Parameters Menu
The script has a comprehensive parameter menu:
Preset Selection : Choose between Bitcoin or Ethereum presets to tailor the indicator to your preferred cryptocurrency market.
Indicator Sensitivity Parameter : Adjust the sensitivity to adapt the indicator, particularly to make it seek higher-strength trends.
Indicator Signal Direction : Set the signal direction as Long, Short, or Both, depending on your preference.
Exit of Signals : You have options regarding Take-Profit (TP) and Stop-Loss (SL) levels. Enable TP/SL levels to exit trades at predetermined levels, or disable them to rely on direction changes for exits. Be aware that removing stop losses can introduce additional risk, and position sizing should be carefully monitored.
By enabling Trailing TP/SL, the system switches to a trailing approach, allowing you to:
- Place an initial customizable SL.
- Specify a level (%) for the Trailing SL to become active.
- When the activation level is reached, the system moves the trailing stop by a given Offset (%).
Additionally, you can enable exit at break-even, where the system places an exit order when the trail activation level is reached, accounting for fees and slippage.
Alert Messages : Define the fields for alert messages based on specific conditions. You can set up alerts to receive email, SMS, and in-app notifications. If you use webhooks for alerts, exercise caution, as these alerts can potentially execute trades without human supervision.
Backtesting : Default backtesting parameters are set to provide realistic backtesting performance:
- 0.04% Commission per trade (for both entries and exits)
- 3 ticks Slippage (highly dependent on exchange)
- Initial capital of $1000
- Order size of $1000
While the order size is equal to the initial capital, the script employs a 2% stop-loss order to limit losses and attempts to prevent risky trades from creating big losses. The order size is a set dollar value, so that the backtesting performance is linear, instead of using % of capital which may result in unrealistic backtesting performance.
Risk Disclaimer
Please be aware that backtesting results, while valuable for statistical overview, do not guarantee future performance in any way. Cryptocurrency markets are inherently volatile and risky. Always trade responsibly and do not risk more than you can afford to lose.
Momentum Trend Fusion (MTF)The Momentum Trend Fusion (MTF) is a composite indicator that combines the Awesome Oscillator and the Relative Strength Index to provide a unique perspective on market momentum and trend strength. The MTF is calculated by first running the Relative Strength Index (RSI) on the Awesome Oscillator (AO) and then applying an Exponential Moving Average (EMA) on the RSI value. The MTF is designed to help traders detect market phases and confirm trend direction by analyzing the cross of the EMA and RSI, as well as divergences between the AO and price. The MTF can be customized by the user by providing the lengths of the RSI and EMA calculations, making it an ideal tool for traders with different time frames and risk tolerances.
Black MACDBlack MACD is combination of MACD / Awesome Oscillator / Wavetrend Oscillator / BB Squeeze (Multi Oscillator) with many features like Multi Symbol support, Dual Divergence, MACD Cross over/under and completely customizable.
MACD Oscillator
Awesome Oscillator
Wavetrend Oscillator
Bollinger Bands Squeeze
Multi Symbol
Dual Divergence
MACD Cross over/under
Full Customization
Multi Symbol
Bollinger Bands Squeeze
Dual Divergence
MACD Cross
Awesome Oscillator
Wavetrend Oscillator
What is Moving Average Convergence Divergence – MACD?
The most popular indicator used in technical analysis, Moving average convergence divergence ( MACD ) reveal changes in the strength, direction, momentum, and duration of a trend in a financial instrument’s price. It's a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average ( EMA ) from the 12-period EMA.
The MACD indicator is typically good for identifying three types of basic signals;
Signal Line Crossovers
A Signal Line Crossover is the most common signal produced by the MACD . On the occasions where the MACD Line crosses above or below the Signal Line, that can signify a potentially strong move. The standard interpretation of such an event is a recommendation to buy if the MACD line crosses up through the Signal Line (a "bullish" crossover), or to sell if it crosses down through the Signal Line (a "bearish" crossover). These events are taken as indications that the trend in the financial instrument is about to accelerate in the direction of the crossover.
Zero Line Crossovers
Zero Line Crossovers occur when the MACD Line crossed the Zero Line and either becomes positive (above 0) or negative (below 0). A change from positive to negative MACD is interpreted as "bearish", and from negative to positive as "bullish". Zero crossovers provide evidence of a change in the direction of a trend but less confirmation of its momentum than a signal line crossover
Divergence
Divergence is another signal created by the MACD . Simply, divergence occurs when the MACD and actual price are not in agreement. A "positive divergence" or "bullish divergence" occurs when the price makes a new low but the MACD does not confirm with a new low of its own. A "negative divergence" or "bearish divergence" occurs when the price makes a new high but the MACD does not confirm with a new high of its own. A divergence with respect to price may occur on the MACD line and/or the MACD Histogram
Moving Average Crossovers, another hidden signal that MACD Indicator identifies
Many traders will watch for a short-term moving average to cross above a longer-term moving average and use this to signal increasing upward momentum. This bullish crossover suggests that the price has recently been rising at a faster rate than it has in the past, so it is a common technical buy sign. Conversely, a short-term moving average crossing below a longer-term average is used to illustrate that the asset's price has been moving downward at a faster rate and that it may be a good time to sell.
Moving Average Crossovers in reality is Zero Line Crossovers, the value of the MACD indicator is equal to zero each time the two moving averages cross over each other. For easy interpretation by trades, Zero Line Crossovers are simply described as positive or negative MACD
False signals
Like any forecasting algorithm, the MACD can generate false signals. A false positive, for example, would be a bullish crossover followed by a sudden decline in a financial instrument. A false negative would be a situation where there is bearish crossover, yet the financial instrument accelerated suddenly upwards
What is Awesome Oscillator?
The Awesome Oscillator is an indicator used to measure market momentum. AO calculates the difference of a 34 Period and 5 Period Simple Moving Averages. The Simple Moving Averages that are used are not calculated using closing price but rather each bar's midpoints. AO is generally used to affirm trends or to anticipate possible reversals.
Disclaimer: DYOR. Not financial advice. Not a trading system. I am not affiliated with TradingView or any authors mentioned here; You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely. Always trade with confluence and Risk Management.
Feedback & Bug report
if you found any bug in this indicator or any suggestion, please let me know. Please give feedback & appreciate if you like to see more future updates and indicators. Thank you
Check out Black RSI indicator:
TradingWolf Premium OscillatorsThe TradingWolf Premium Oscillators is a unique and enhanced selection of oscillators designed to help give you an edge on the markets.
Within this one indicator you will have access to RSI, Stochastic, MACD, Awesome Oscillator, Wavetrend, Zig Zag Pivots and DPO.
Including Divergence and Hidden Divergence signals for them.
Below each indicator is explained along with its enhancements to help you understand it better.
This script comes with the 'TradingWolf Premium' to get access, read the Author’s Instructions below.
There are extensive explanations on how to use these oscillators in our documentation on the website but we will give a simple overview here.
RSI
We try not to mess with these too much because if used correctly, they are very powerful tools. The main differences you will notice is that we have highlighted the areas where you should be paying attention to the oscillator with reversal/continuation zones.
The most popular feature from these will be the 4 divergences which can be toggled on or off in the settings.
Stochastic
Stochastic we have tried to keep as similar to the original as possible, main features are being able to select alternate timeframes for it to be calculated on as well as displaying divergences.
We have created a highlighted zone for when price enters the overbought/sold territory. A lot of traders will look for crossovers happening in these areas however from our tests we have discovered entering trades as the Stochastic comes out of these areas has hugely reduced losing trades, still not a perfect strategy but it does often show that the trend is showing weakening momentum and its commonly followed by a period of sideways action before continuing in a new direction.
MACD
We have calculated a dynamic extreme range for the MACD, you will notice the green/red bars as the bottom and top of the Oscillator. These levels help adjust with the assets volatility so they will work universally on all assets and timeframes. When these levels get more narrow, this indicates there is a potential larger move to come, similar thought process to a Bollinger band squeeze.
We like the Divergence signals you receive whilst in this OB/OS range as they give more confluence behind the divergence signal that price has over extended and is looking to retrace or consolidate.
Awesome Oscillator
The Awesome Oscillator is based on some pretty simple calculations but is hugely powerful.
The 3 main use cases are crossing the 0 value, showing weakening momentum and divergence signals.
We Particularly like the Divergence signals it gives us as they tend to be more accurate than any other oscillator.
Wavetrend
Wavetrend we try describe as a more dynamic Stochastic/MACD, it moves smoother and quicker without giving too many false signals.
Conditions we use the Wavetrend for are similar to the MACD where we are looking for crossovers or divergences in the extreme bands, these shouldn’t be used to trade alone and should be paired with other pieces of confluence for a higher probability trade however this is one of our favourites.
We also have a VWAP extreme detector which we pair with the Wavetrend, helping us identify areas where price should start cooling off.
Zig Zag
The main purpose of the standard Zig Zag is to analyse historical data to be able to observe cycle's in a market's movement, this requires a bit more explanation than we can include here so please refer to our documentation on the website for further guidance.
DPO
The detrended price oscillator is unlike other oscillators, such as the Stochastic or MACD the DPO is not a momentum indicator. It instead highlights peaks and troughs in price, which are used to estimate buy and sell points in line with the historical cycle.
We personally think this is the most under-rated oscillator out there, if you simply followed the DPO above 0 for long and below for short on higher timeframes you can outperform the buy and hold return of Bitcoin (BTCUSDT)...
This is just one simple way of using the DPO there are other more in depth methods of using it within our documentation.
Z.A.H.It's a scalping script, which can be used using Heikin Ashi candle on 5min time frame (I personally use it for BINANCE:BTCUSDT and BINANCE:ETHUSDT scalping).
We've tried to include SL and target (1.5R and 2R) in this as well, and it works well but sometimes (please note SOMETIMES..SOMETIMES, it can be few..few pips here and there)
Idea is simple, you take the trade based on the signal given by the script and place your SL as per the script and then target 1.5R for 80% of your position and 20% for the remaining 20% of your position.
One extra thing which I've found useful is, you can use Awesome Oscillator (default setting) as well for placing SLs. If you use this method for placing SL, then just place your SL at the last green awesome oscillator candle for shorts and at the last red awesome oscillator candle for longs. From there target 1.5R and 2R.
Overall results are same for either, so you can use it as per your convenience. For any query, you can send me a DM on discord or twitter.
PDFMA Awesome Oscillator [Loxx]Theory:
Bill Williams's Awesome Oscillator Technical Indicator (AO) is a 34-period simple moving average, plotted through the bars midpoints (H+L)/2, which is subtracted from the 5-period simple moving average, built across the bars midpoints (H+L)/2. It shows us quite clearly what’s happening to the market driving force at the present moment.
This version uses PdfMA (Probability Density Function weighted Moving Average) instead of SMA (Simple Moving Average). This is a deviation from the original AO since in the AO since there is no parameter that you can change, but with this version, you can change the variance part of the PdfMA calculation. That way you can get different values for the AO even without changing periods of calculation (the general rule of thumb is: the greater the variance, the smoother the result)
Usage:
You can use color changes (mainly on zero cross) for trend change signals
Combo 2/20 EMA & Bill Awesome Oscillator (AC) This is combo strategies for get a cumulative signal.
First strategy
This indicator plots 2/20 exponential moving average. For the Mov
Avg X 2/20 Indicator, the EMA bar will be painted when the Alert criteria is met.
Second strategy
This indicator plots the oscillator as a histogram where blue denotes
periods suited for buying and red . for selling. If the current value
of AO (Awesome Oscillator) is above previous, the period is considered
suited for buying and the period is marked blue. If the AO value is not
above previous, the period is considered suited for selling and the
indicator marks it as red.
WARNING:
- For purpose educate only
- This script to change bars colors.
Bogdan Ciocoiu - Code runnerDescription
The Code Runner is a hybrid indicator that leverages other pre-configured, integrated open-source algorithms to help traders spot regular and continuation divergences.
The Code Runner specialises in integrating some of the most popular oscillators well known for their accuracy when scalping using divergence strategies.
Uniqueness
The Code Runner stands out as a one-stop-shop pack of oscillator algorithms that traders can further customise to spot divergences.
The indicator's uniqueness stands from its capability to recast each algorithm to apply to the same scale. This feature is achieved by manually adjusting the outputs of each algorithm to fit on a scale between +100 and -100.
Another benefit of the Code Runner comes from its standardisation of outputs, mainly consisting of lines. Showing lines enables traders to draw potential regular and continuation divergences quickly.
The indicator has been pre-configured to support scalping at 1-5 minutes.
Open-source
The Code Runner uses the following open-source scripts and algorithms:
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
These algorithms are available in the public domain either in TradingView space or outside (given their popularity in the financial markets industry).
Bogdan Ciocoiu - MoonshotDescription
Moonshot is an indicator that encapsulates the value delivered by the TSI, MACD, Awesome Oscillator and CCI algorithms to produce signals to enable users to enter positions in ideal market conditions. Moonshot integrates the value delivered by the above four algorithms into one script.
This indicator is particularly useful when trading continuation/reversal divergence strategies.
Uniqueness
The Moonshot's uniqueness stands from integrating the above algorithms into the same visual area and leveraging preconfigured parameters suitable for 1-3 minute scalping techniques.
In addition, Moonshot allows swapping or furthermore configuring the above four algorithms in such a way to align signals by colour-coding or shape thickness to aid the users with identifying any emerging patterns quicker.
Furthermore, Moonshot's uniqueness is also reflected in the way it has standardised the outputs of each algorithm to look and feel the same (including the scale at which the shapes are shown) and, in doing so, enables users to plug them in/out as needed.
Open-source
The indicator leverages the following open-source scripts/algorithms:
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
+ Awesome OscillatorHi again. I have another indicator that I think is pretty neat.
I had the idea of creating an Awesome Oscillator for my Ultimate MA, just to see what kind of signals it might produce. If you're not familiar with my UMA you should go take a look at it, but essentially it is just an average of eight different length MAs, and if you're not familiar with the Awesome Oscillator, it is simply a comparison of the gap between two different moving averages (traditionally a 5 and 34 SMA) plotted as a histogram below the price chart. The two UMAs I was comparing in this version of the AO were the Hull and Simple. It looked okay, but I thought due to the nature of the movements of these MAs, that it was necessary to add something to this indicator in order to validate its creation and make it truly useful
I came to the idea of simply comparing the closing price of the asset on the chart to both the Awesome Oscillator moving averages. What this effectively does is gives you a representation of the moving averages on the chart (assuming you are using those same MAs) as an oscillator below the chart, enabling you to remove the moving averages from your price chart (obviously if you so choose). For me, I like this because fewer things on the chart makes it easier for me to see the price action and structure of the market clearly, or add something like a tWAP or two.
So, like, "how exactly would I use this indicator?"" you're probably asking.
First off: the Awesome Oscillator. By default it is a faintly shaded area, and is the least obvious part of the indicator.
Second: the plotted line. This is what I call the baseline (if you're familiar with NNFX, then you know what this is). It's basically your bias moving average (this means it defines, based on its lookback or length, whether momentum is bullish, bearish or ranging). In the case of the oscillator though, the ZERO line represents the baseline, and the oscillating line represents price in relation to it. If the line is above the zero line then price is above the moving average, and vice versa if it's below. The farther from the center line the baseline price is the greater the volatility,
Third: the histogram. This is the faster moving average, and same rules apply to it as your baseline. You can think of your fast moving average as a trade entry trigger, or an exit. It shows more immediate momentum shifts.
What's interesting about the relationships of all three of these things is that you don't actually NEED all three displayed. Because the Awesome Oscillator is a relation of your two moving averages, and the baseline and histogram are representational of the price relative to those two moving averages, you will notice that when the histogram (fast MA) flips up or down is the same exact time that the baseline price dips into the AO. The AO is effectively a moving average on that. So you can run this with just the AO and Baseline, or just the Baseline and fast MA histogram. To get started, I might recommend keeping your moving averages that you use on the chart just so you can see how this indicator works.
Both the fast MA and Baseline will show nice divergences (divergence indicator is added if you want to use it). And I've added Donchian Channels as upper and lower bounds that act neatly as support or resistance (especially effective if you're using my UMA with Bollinger Bands, or Magic Carpet Bands).
I've also done the usual colored candles thing, which gives you another great reason to get the moving averages off your chart. There are of course alerts for conditions that one might need to be alerted to as well.
Below are some images of different ways you might set these up using the default moving average/baseline settings. In all of these I've left the moving averages on the price chart (with the addition of a 233 SMA) so you can see the relationship between the indicators.
Right here is the indicator set up with just the awesome oscillator and baseline price. Gives a cleaner overall look. You can see that every time the baseline crosses the awesome oscillator is when price crosses the 8 SMA. Candle colors are based on if candle closes above baseline or below.
This is the indicator set up without the awesome oscillator. Here you can see candle closes over the 8 SMA (fast moving average) are shown by the histogram. Candle coloring is still the same as the above image.
This image looks identical to the first, except that the candle coloring is different. This time it is based on the 8 SMA (same as the baseline entering the awesome oscillator).
And the final example image. This one depicts the awesome oscillator and the fast moving average histogram. Candle coloring is based on the awesome oscillator. This can be a great way to visualize momentum because the awesome oscillator is depicting the crossing of the moving averages. A lot of people poo-poo moving average crosses, but I'd say they're wrong. Well, they're right and wrong. Depends on the MAs you're using. The power in moving average crosses is in their ability to show bullish or bearish momentum (or ranging behavior if they continually cross over each other). If you're using slow moving averages, then crosses are often very late (hence so many people who don't know saying, "but moving average crosses are too laggy". Here you might try changing these and having the baseline be faster than the UMA, and actually plot on chart the UMA (or some other moving average). These are just some thoughts.
Anyway, I hope this indicator proves useful to you all. I think for anyone looking to look at price action a bit more, but is used to using moving averages, this could be a really useful indicator. Most oscillating indicators (if not all) are built around moving averages, but they're never explained in such a way as I'm explaining how this one works (I don't think). I think knowing this could help many traders come to a deeper understanding of what the indicator they're using is actually doing.
Crazy_Bull [V2]Hello Everyone
its Indicator Base on multi Indicator Combination Awesome_Oscillator, Super_Trend, VWAP, MACD etc ... there are many indicators you can combine and get alerts according Your select indicator by default Awesome_Oscillator and Super_Trend You can also change.
Indicator Feature
➤ Long Side Signal With Alerts
➤ Short Side Signal With Alerts
➤ Long side Take profit Calculated By Open Bar You Can Also Change Calculate Percent input
➤ Short side Take profit Calculated By Open Bar You Can Also Change Calculate Percent input
➤ Long side Stop Loss Calculated By Open Bar You Can Also Change Calculate Bar Source and Percent input
➤ Short side Stop Loss Calculated By Open Bar You Can Also Change Calculate Bar Source and Percent input
➤ Take profit or Stop loss Alerts with Plot shape
➤ Trailing stop loss Long Or Short Side with alerts you can also change input point
Important: This Indicator we are using for Automation Trading if You Want This Indicator Access Please Contact me PM on Tradingview
