Inside Bar Strategy w/ SL"Inside bars are a two -bar pattern. They can indicate either a continuation of the
existing move or a reversal. A continuation occurs when there is no significant
support or resistance level in sight, while a reversal occurs close to a strong sup-
port or resistance level...
...A lot of traders are aware of inside bars but few manage to make money with
them. Why is this so? It goes back to interpreting price action. A lot of traders look
to trade in geometric ways. What I mean is that they search for fancy shapes on a
chart and think that this is what represents true price action.
This is not the case. A shape is just a shape. The formation by itself means
nothing unless underlying order flow backs it up. This is why it’s extremely
important that you look for inside bars when a trend is already in place.
The best place to look for them is in the beginning of trends."
Moving Averages
Trend Bounce [racer8]I discovered this mechanical trading system titled "This Algo Strategy Has Only 3 rules and 62% Win Rate".
I coded the trading system on Tradingview...and now I am introducing it to you guys.
I modified the system so that it has both buy & sell signals.
I've tested it repeatedly in different markets on TV including stocks, currency pairs, bitcoin, and commodities...and it works!
A buy signal is generated whenever the current close is below the previous 7-day low and the current close is above the 200 period moving average.
A sell signal is generated whenever the current close is above the previous 7-day high and the current close is below the 200 period moving average.
The system also has a 2-ATR stop loss which I coded.
This system is unique in that it has both trend-following and reversal elements in it.
The system trades short-term reversals while obeying the long-term trend.
Essentially, you are buying the dips of bullish trends! & selling at the peaks of bearish trends!
Enjoy ♡
SMA StrategySMA Strategy for going long or short when a short sma crosses a long sma. This script was published by CaptJava. I added to it the ability to select a back testing date range and choose to go long, short or swap orders. You can enter automated trading buy and sell messages in the properties and then put {{strategy.order.alert_message}} in your webhook alert message and it will dynamically populate your buy or sell message.
EMA crossover (daily TF)This strategy is only applicable for daily timeframe only. EMAs have been smoothened out to make sure to include volatility glitches that may occur. I have used following conditions:
>EMA crossover of two frames already occurred
> Significant volume in the candle
> Candles are properly bullish or bearish not doji
> price is near EMA crossover
> trading stoploss to reduce risk as price follows the trend
Positive feedbacks are welcome for incorporation.
NSE:SRF
ZEGUELA DEMABOTSwing trading bot strategy. This indicator uses Dema 8 and Dema 24 crosses to throw buy and sell signals. You can also se take profit and stop loss parameters
ADX + BB %B + AO + EMA [Luca Massuda]This trading strategy combines different indicators:
1) ADX, Average Directional Movement: to spot the trend
2) BB %B Bollinger Band %B: to spost relative price position to Bollinger Bands
3) AO Awesome Oscillator: to spot momentum
4) ema 5,ema21, ema50, ema200: to decide long or short position
You can configure:
Take profit % : at which % gains to take profit from the entry price
Stop loss % : at which % stop loss from the entry price
BB %B Overbought: At which level you consider Overbought respect to Bollinger Bands (values 0 to 100)
BB %B Oversold: At which level you consider Oversold respect to Bollinger Bands (values 0 to 100)
Awesome Oscillator: AO level to consider a long or short position +/- 2
ADX: ADX value to consider a long or short position
Start Date, Month, Year: Starting point for a backtesting strategy
Lenght , Source , Standard Deviation: Bollinger Bands values
ADX smoothing, DI Lenght: ADX values
Green and purple zones indicate when the strategy can go long or short.
Default Long conditions:
ema5>ema21 and ema50>ema200 and bb>75% and ao>2 and adx>15
Default Short conditions:
ema515
EMA StrategyThis is a simple EMA cross strategy. This script was published by CaptJava. I added in the ability to check off a box and allow shorting, the ability to select a back testing date range and also the ability to enter the buy message and sell message in the properties. You then create the webhook alert and put only this in the message:
{{strategy.order.alert_message}}
That will pull in your alert message dynamically.
I may add more features to this over time.
Kifier's MFI/STOCH Hidden Divergence/Trend BeaterMFI/STOCH Hidden Divergence/Trend Beater
General Idea:
My premise around this strategy was to make a general strategy for crypto that would help out with finding entry positions for when you’re bullish on a crypto and want to hold on for a while, and at the same time avoiding massive drops. Essentially a way to mix long term/ swing trading; I somewhat achieved my goal however it still requires a lot of logic tuning of the trend averages.
I’m a huge proponent of volume indicators and coupled with average closing price, I think this gives a really good idea of what is happening with the market. It gives an idea on the market and retail investor sentiment. This generally gives you logical entry positions (Although I don’t know how amazing that will work with all cryptos, there’s a fine line between a good strategy and one that just rides bubble market conditions, some would argue that’s still a success and others not)
How it works:
There are many components to the strategy that try to do different things:
First of all there are two types of entries, a MFI hidden divergence with a STOCH check, essentially it will only fire when a divergence is detected while STOCH is above 50%, however this might be changed in the future as due to the volatile nature of cryptos, the STOCH is not too effective. The second entry is a simple MFI/STOCH trend, if STOCH is above 50% and the trend is detected to be in a trending long, once a MFI crossover over the 50% line is detected an entry is placed, this is designed to get out profit where the divergence would otherwise be less accurate during strongly trending conditions.
-MFI is a great indicator, as a volume weighted momentum indicator I find it the most accurate of all, the STOCH however is a great indicator to get a general picture of simple market conditions and can filter out the emotional noise of retail investors.
-VWMA and an SMA (The bottom oscillator) gives an idea of the trend tacking into account of the volume, this serves as a more short term filter of the trend for filters.
-OBV checks are done between the OBV and an EMA of the OBV, to get the idea of a volume weighted long trend, which is important for crypto as there are massive rallies to go up due to retail greed, it’s great to jump onto it at the beginning, and get off before the stack of cards fall apart.
-ATR is used to detect when the market is relatively just ranging or moving sideways, which is where the hidden divergence entries are done, during predictable and profitable market conditions.
- Stop loss is based on the closest support of the entry, this is a nice medium of room to breath but also an actual stop loss.
Future plans and improvements:
Currently there’s a lot I want to improve, mostly the divergence detection and the overall sharpe ratio could be much better, but the current value of 0.5 gives me hope that the strategy is onto something. I also want to change TP from a percentage stop to something more dynamic but that might be too optimistic. The current plan is to paper trade test this either by manual or by a python bot, to see how it performs with some user input as well.
EMA Bounce StrategySimple strategy that checks for price bounces over an Exponential Moving Average. If the CLOSE of the candle bounces
back from having it's LOW below the EMA then it's a Bull Bounce. If the CLOSE of the candle bounces down from having it's
high above the EMA then it's a Bear Bounce. This logic can be reversed.
SILVER (XAGUSD) TRADING STRATEGY AND SIGNALSSILVER (XAGUSD) TRADING STRATEGY AND SIGNALS
This strategy is designed for Silver OANDA:XAGUSD traders and investors.
This strategy is trend following, taking into account the movement of major stock indices such as the Volatility Index.
This strategy also takes into account the direction of movement of the Gold asset,
in particular, the direction of movement of Gold and changes in the volatility of Gold, as well as the current price of Gold.
This, in combination with the main trading indicators (Moving Average, MACD, RSI),
strengthens our Silver Trading Strategy and increases its efficiency and the percentage of successful trades.
The Silver Trading Strategy is offered for use on the 1 Hour (H1) timeframe and is suitable for active traders with the Silver OANDA:XAGUSD asset.
The Silver Trading Strategy FOREXCOM:XAGUSD is suitable as a complement to your trading system and can help increase the efficiency of your Silver trading.
GMMAs v2.0 CRYPTO [badshah_e_alam]Hello Traders ,
The GMMAs v2.0 CRYPTO strategy stands for gap modified moving averages designed for cryptos. This is a non Repainting Indicator.
This strategy version is a advanced and modified to one of my previously published indicator named as "gap modified moving average".
I am using my Modified Moving Average indicator for a while. I always wanted to add some more information to moving
averages and made some modification to Moving averages.
The additional Information I have added to the Moving Average helps it to act more quickly based on the price of that
particular asset.
How is strategy gives signals?
when the GMMA'w cross over or cross under the GMMA'y than a trade is taken depending on the filter status.
Info about the settings :
The default setting is for 11m ETHUSD , it works with other cryptos and other timeframe as well . For other timeframes it need to be fine tuned and need little change.
The first category is for the selection of Moving average to be modified and the source to be used for that moving average .
I have added seven moving averages to choose between. SMA works good for me , you can choose and play with other MAs.
following are the option to choose MAs
1.EMA
2.SMA
3.HMA
4.RMA
5.WMA
6.VWMA
7.SWMA
Next option in setting is GMMA'y and GMMA'w :
these two settings define the length and lookback period of the MA you have choosed above.
The length is similar to the length of the moving average chosen to be modified.
The lookback option will look for that number of bars for the modification.
GMMA'w is more sensitive than the GMMA'y. So make sure that the setting input of the GMMA'y is significantly larger than the
GMMA'w.
FILTER:
I have added TradingView inbuilt SUPERTREND as a filter in the strategy, it works very good in filtering out false trades
you can enable/disable it in the settings.
EXIT strategy:
The exit Strategy is based on ATR, Take profit and SL are decided by the ATR in the SL/TP setting option. You can change the RR ratio in the setting.
The backtest settings are as follow:
Initial capital:10k
Initial Commission = 0.000
Initial Pyramiding = 0
Reference :
Thanks to pinecoders and Tradingview community.
my previous gap modified moving average version is :https://in.tradingview.com/script/e3WestBa-Gap-Modified-Moving-Average/
watermark added from:
color gradient framework picked from :https://in.tradingview.com/script/hqH4YIFa-Color-Gradient-Framework-PineCoders/
DISCLAIMER
Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the user based on information received or a market analysis is expressly excluded by me.
All the information made available here is generally provided to serve as an example only, without obligation and without specific recommendations for action. It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
Do your own research and Risk management before taking any trade.
Stochastic RSI + WMA + SMA strat// "...an entry signal it's a cross down or up on
// the stochastics. if you're in a downtrend
// on the hourly time frame you
// must also be in a downtrend on the five
// minute so the five period has to be below the 144
// as long as the five period is still trading below
// the 144 period on both the hourly and the five minutes
// we are looking for these short signals crosses down
// in the overbought region of the stochastic. Viceversa for longs"
// Works well with a wide stop with 20 bars lookback
// for the SL level and a 2:1 reward ratio Take Profit .
// These parameters can be modified in the Inputs section of the strategy panel.
Aggregate BTC Volume + EMA Strat// This strategy buys when the price crosses the Fast EMA. It can go long only
// when the price is above the slow EMA and short when is below. The exit
// is determined by volume spikes, when the volume is greater than the Volume
// MA multiplied by the assigned input multiplier. Thanks to MartinShkreli
// for the Aggregated BTC volume. There is also a Maximum Loss filter which
// should be modified depending on the traded market.
2nd Grade StrategyThis is a strategy to complement the 2GT indicator. It utilises the same rules as 2GT.
This is comprises of multiple popularly used indicators to help decide on whether to go long or short. This indicator will overlay the MA lines and background colours on your chart.
The heikin-ashi colour will be shown as the background colour. This will help you identify a trend more easily while using bars, candles, hollow candles, etc. When the background is green, it means that it is a green HA and vice versa.
The blue MA line is for showing the short-term trend. The red MA line is for showing the medium-term trend. You can select the moving average flavour of your choice in the settings.
The yellow MA line is the long-term trend that is mainly used as a filter to indicate bullish/bearish trend. The MA type for this filter can be different from the short/mid term MA.
This indicator will also show Stochastic crossovers (GC, DC, BC) on the chart. This will help to always keep your eye on the chart candles.
In the settings, you can also turn on/off bullish/bearish signals.
Rules for bullish signals on this indicator:-
1. MA: Blue > Red > Yellow (FastMA > SlowMA > FilterMA)
2. Stochastic: K > D and both are heading upwards
3. 2nd Green HA
When 2 out of the 3 rules are met, the candle background will be Aqua in colour. When all 3 rules are met, the candle background will be Green .
Rules for bearish signals on this indicator:-
1. MA: Yellow > Red > Blue (FilterMA > SlowMA > FastMA)
2. Stochastic: D > K and both are heading downwards
3. 2nd Red HA
When 2 out of the 3 rules are met, the candle background will be Orange in colour. When all 3 rules are met, the candle background will be Red .
Do note that you can hide any of these elements in via the settings.
If you find this useful, do smash the LIKE and FOLLOW button.
WSLM
SSP + VWMAInput menu allows you to set long / short entries using,
Net volume change from above or below zero.,
Net volume changes of positive to negative values,
VWAP rising or falling.
VWMA rising or falling
Stop loss and take profit are built in to test the most profitable strategy.
uncheck net volume in menu bar to remove background colours on chart
Uncheck VWAP and VWMAto test long and short entries ( using net volume change ) note session look back is available to edit, if use take profit is unchecked then this will simulate net volume change from positive to negative.
Check VWMA or VWAP to simulate long or short entries
With VWAP checked this will simulate VWAP entries with rising / falling VWAP with previous take profit and stop losses that we’re profitable.
Momentum Trading By Mahfuz AzimA following indicator is Momentum Trading that uses fast QQE crosses with Moving Averages
Use for trend direction filtering. QQE or Qualitative Quantitative Estimation is based
Relative strength index (RSI), but uses a smoothing technique as an additional transformation. Three crosses can be selected (all selected by default)
4 MA Strategy + Position Management// This is a simple crossover Moving Average strategy, good for long term crypto trades.
// It buys when the MA "X" crosses up the MA "Y", viceversa for shorts.
// Both MAs are selectable from the Inputs section in the front panel.
// There is also a Position Management option thats
// sizes positions to have the same USD risk (using leverage) on each trade,
// based on the percentage distance to the stop loss level.
// If you turn this option on you will see how the profit
// grows exponentially while the drawdown percentage almost remains the same.
255 EMA Strategy//--- From 15 Trading Examples by Trader Alyx ---
// Seems like this strategy works better if we reverse the EMA filter logic.
// "Description: This basic scalping strategy allows you to enter the market based upon sentiment
// provided by the EMA, set at 255 periods. When price is trading below the 255 EMA, you would
// look to enter a LONG BUY positions, and when price is trading above the 255 EMA, you would
// look to enter a SELL SHORT position. The MACD lagging indicator will show you clear signals for
// when to do this. When the MACD lines cross in a bullish manner and price is below the 255
// EMA, buy. When the MACD lines cross in a bearish manner and price is above the 255 EMA,
// sell.
// NOTE: Make sure that price is trading away from the 255EMA before entering a LONG or SHORT
// position. As you can see in the chart below, the clearest signs for trade entry were presented
// when price was trading AWAY from the 255EMA"
DyorTool PremiumWhat is the DyorTool Suite?
It is a toolkit that helps the trader to trade the market emotionless, under any condition.
This package is made of 3 scripts :
DyorTool Premium
DyorTool Oscillator
DyorTool Dashboard
What indicators are in these scripts?
DyorTool Premium
DyorTool Algo which gives buy and sell signals : 4 setups. The stats shown in the picture is set with a leverage of 0.4 on each trade with the commission of Binance ( without reduction ).
Range : 4 setups
Ribbon : 4 setups
Aggressiv Scalping : Trend Following - low UT : 2 setups
EVWMA : 4 setups
Ping Pong scalping : 4 setups
Support Line : 4 setups
DyorTool Oscillator
DyorTool RSI : 8 setups
DyorTool Oscillator : 8 setups
Smart candle color : Filter noise of the market
DyorTool Dashboard
Allows the user to feel the market sentiment with a custom candle
Measure the volatility of the market
Show DyorTool Algo trend
Show the momentum trend and measure his evolution.
Smart Stop Loss and Leverage calculation in order to not get in a trade if you are late, or to protect your capital.
All these indicators allow users to :
Trade the market easier, within a clearly defined framework - range.
Detect macro trend and the nearby momentum
Get early in a trade by entering in a trade with one of the 42 setups explained.
Have realistic target profit
Protect your capital with a smart stop loss and calculate the leverage for a defined stop loss
Detect if the market is with or against you so you are not holding more than you should.
This package is unique in its kind and it is complete. You can either do scalping or day-trading with it.
There are many different indicators in it. And a formation is given to explain in detail each indicator. This formation is easy to understand.
As you saw, each indicator has its own setups. These setups are explained one by one, under what condition you can enter in a trade, how to do it, where to exit, what to understand about the market next.
There is no interpretation possible. You are either in a setup or in a waiting zone.
These indicators are self-sufficient. You don't have to use all of them, and not at the same time. You use the ones which fit you better.
DEMA/EMA & VOLATILITY (VAMS)The biggest issue with momentum following strategies is over signaling during whipsaw periods. I created this strategy that measure momentum with DEMA (Fast Moving) and EMA (Slow moving). In order to mitigate over signaling during whipsaw periods I implemented the average true range percentage (ATRP) to measure realized volatility. If momentum is picking up while volatility is under a certain threshold it purchases the security. If momentum slows while volatility picks up it sells the security. Additionally, if momentum picks up, but volatility is high, it stays out of the security. This follows the theory that during sustained uptrends volatility will decrease, and during market corrections the volatility picks up. Following the old adage that markets climb up the stairs, and fall out the window. Note that this strategy does repaint due to it entering and closing positions at the close of the bars. I forgot to mention how volatility is measured high vs low. If the ATRP is above the EMA of the ATRP the strategy interprets the volatility is increasing and does not enter the security & Vice Versa for selling (with momentum signal of MAs)
This is just my first strategy, any feedback would be much appreciated.
hammerCandle & starCandleIn this scrip we have combine Pinbar Candlesticks calculated using Fibonacci, the bullish hammer candlestick and bearish star candlestick with EMAs and ATR.
I have used 12 Hour time frame which works well EUR/USD, this script works well on higher time frames such as Daily, 12 hours etc.
I have used 1.5 times the ATR as the stop loss and 1 times the ATR as the take profit as these risk to reward ratio gives us the best results for the 12 hour time frame for EUR/USD. Past result are not a prove of performance of the future.
I have added 1 for slippage and 1 for commission.
This script contains AutoView syntax and is fully automated if you connect TradingView to AutoView and a broker, prefebly Oanda.
This script uses two exponential moving averages for trend detection and Average True Range , ATR for stop loss and take profit targets. All of these setting are adjustable.
We only trade with the trend if the 50 period exponential moving averages is above the 200 period exponential moving averages, if a hammer candle is formed for entry.
Likewise with sell trade if a star candle is formed for entry and if the 50 period exponential moving averages is below the 200 period exponential moving averages.
This script does not trail your stop loss as I have noticed it does not give me good results. Stop loss is a fix stop loss based on Average True Range and so is the profit target.
This script has risk management, it risk a certain percent of the inputted capital amount in the setting. See settings for more details.
Note: Due to auto risk management this script only works on Forex.
Green line is 50 period exponential moving averages and red line is the the 200 period exponential moving average . Blue line is stop loss for long trade and black line stop loss for short trade.
Please trade at your own risk, all the setting in the script are adjustable for you to test before trading.
Many Thanks,
Honet Trader
CCI & EMA strategy by TradeswithashishThis strategy is extremely useful for positional traders or traders using timeframe 15-minute of higher. It uses following combo of values:
VWAP, CCI, Volume and Moving average (simple and exponential)
Caution:
Avoid taking trade if candle size is greater than twice the average candle size. for that wait for the retracement to near trailing stoploss
RSI Cross [xaurr]This is simple but profitable rsi cross strategy, to find optimal values you can change rsi and ema periods.
Good Luck!
