3 Candle Strike StretegyMainly developed for AMEX:SPY trading on 1 min chart. But feel free to try on other tickers.
Basic idea of this strategy is to look for 3 candle reversal pattern within trending market structure. The 3 candle reversal pattern consist of 3 consecutive bullish or bearish candles,
followed by an engulfing candle in the opposite direction. This pattern usually signals a reversal of short term trend. This strategy also uses multiple moving averages to filter long or short
entries. ie. if the 21 smoothed moving average is above the 50, only look for long (bullish) entries, and vise versa. There is option change these moving average periods to suit your needs.
I also choose to use Linear Regression to determine whether the market is ranging or trending. It seems the 3 candle pattern is more successful under trending market. Hence I use it as a filter.
There is also an option to combine this strategy with moving average crossovers. The idea is to look for 3 candle pattern right after a fast moving average crosses over a slow moving average.
By default , 21 and 50 smoothed moving averages are used. This gives additional entry opportunities and also provides better results.
This strategy aims for 1:3 risk to reward ratio. Stop losses are calculated using the closest low or high values for long or short entries, respectively, with an offset using a percentage of
the daily ATR value. This allows some price fluctuation without being stopped out prematurely. Price target is calculated by multiplying the difference between the entry price and the stop loss
by a factor of 3. When price target is reach, this strategy will set stop loss at the price target and wait for exit condition to maximize potential profit.
This strategy will exit an order if an opposing 3 candle pattern is detected, this could happen before stop loss or price target is reached, and may also happen after price target is reached.
*Note that this strategy is designed for same day SPY option scalping. I haven't determined an easy way to calculate the # of contracts to represent the equivalent option values. Plus the option
prices varies greatly depending on which strike and expiry that may suits your trading style. Therefore, please be mindful of the net profit shown. By default, each entry is approximately equal
to buying 10 of same day or 1 day expiry call or puts at strike $1 - $2 OTM. This strategy will close all open trades at 3:45pm EST on Mon, Wed, and Fri.
**Note that this strategy also takes into account of extended market data.
***Note pyramiding is set to 2 by default, so it allows for multiple entries on the way towards price target.
Remember that market conditions are always changing. This strategy was only able to be back-tested using 1 month of data. This strategy may not work the next month. Please keep that in mind.
Also, I take no credit for any of the indicators used as part of this strategy.
Enjoy~
ค้นหาในสคริปต์สำหรับ "stop loss"
Fibonacci Ghost CloudHello my nocturnal minions.... This is your dark knight in the crypto light.... your alpha and omega, your crypto king reigning wisdom down from my gilded throne of code!
Enjoy the spooky Fibonacci Ghost Cloud. Shadows of previous Fibonacci look-back levels provide possible entries, stop losses, and take profit levels for intrepid crypto travelers.
DESCRIPTION
This indicator is front weighted by using the Fibonacci integer sequence..... 2,3,5,8,13. Each green and red "ghost" is a reflection of the highest highs and lowest lows of a given FIB lookback. The guide lines, red and green, are averages of the highs (green) and the lows (red).
USAGE
The "ghosts" can be used as possible support and resistance levels. They diminish in intensity (they become more transparent) as these ghosts move back further in time. When multiple greens overlap it is an indicator of a lot of recent price action at that level. The same is true of overlapping red.
In addition, the amount of ghosts above and/or below are indicative of recent price action taking place at a higher or a lower level
CURRENT PRICE IS LOWER THAN RECENT PA - There will be many green ghosts above, but few or no red ghosts below.
CURRENT PRICE IS HIGHER THAN RECENT PA- There will be many red ghosts below, but few or no green above
TAKE PROFIT - Possible take profit targets could be on the approach to a previous green level
STOP LOSS - Possible stop losses could be at lower red level
Like Bollinger bands, the green and red "average" lines can help to indicate that a security is oversold or underbought according to how close it is to a recent average. Nearing the red line can indicate that the security is oversold - and the converse is also true.
DERIVATIONS
Within the code is additional greyed-out lines which could be activated allowing you to target the open or close, instead of the High-Low - the current settings
SETTINGS:
You can change the FIB levels and substitute your own integer sequence to use as the lookback.
Feel free to offer feedback and/or suggest features you would like to have added.
XABCD Harmonic Pattern Custom Range Interactive█ OVERVIEW
This indicator was designed based on Harmonic Pattern Book written by Scott Carney. It was simplified to user who may always used tools such as XABCD Pattern and Long Position / Short Position, which consume a lot of time, recommended for both beginner and expert of Harmonic Pattern Traders. XABCD Pattern require tool usage of Magnet tool either Strong Magnet, Week Magnet or none, which cause error or human mistake especially daily practice.
Simplified Guideline by sequence for Harmonic Pattern if using manual tools :
Step 1 : Trade Identification - XABCD Pattern
Step 2 : Trade Execution - Any manual tools of your choice
Step 3 : Trade Management - Position / Short Position
█ INSPIRATION
Inspired by design, code and usage of CAGR. Basic usage of custom range / interactive, pretty much explained here . Credits to TradingView.
I use a lot of XABCD Pattern and Long Position / Short Position, require 5 to 10 minutes on average, upon determine the validity of harmonic pattern.
Upon creating this indicator, I believed that time can be reduced, gain more confidence, reduce error during drawing XABCD, which helps most of harmonic pattern users.
█ FEATURES
Table can positioned by any postion and font size can be resized.
Table can be display through optimized display or manual control.
Validility of harmonic pattern depends on BC ratio.
Harmonic pattern can be displayed fully or optimized while showing BC ratio validity.
Trade Execution at point D can be displayed on / off.
Stop Loss and Take Profit can be calculated automatically or manually.
Optimized table display based extend line setup and profit and loss setup.
Execution zone can be offset to Point C, by default using Point D.
Currency can be show or hide.
Profit and Loss can be displayed on axis once line is extended.
█ HOW TO USE
Step 1 : Trade Identification - Draw points from Point X to Point C. Dont worry about magnet, point will attached depends on High or Low of the candle.
Step 2 : Trade Execution - Check the validity of BC to determine the validity of harmonic pattern generated. Pattern only generate 1 pattern upon success. Otherwise, redraw to other points.
Step 3 : Trade Management - Determine the current candle either reach Point D or Potential Reversal Zone (PRZ). Check for Profit & Loss once reach PRZ.
█ USAGE LIMITATIONS
Harmonic Patterns only limits to patterns mentioned in Harmonic Trading Volume 3 due to other pattern may have other or different philosophy.
Only can be used for Daily timeframe and below due to bar_time is based on minutes by default.
Not recommended for Weekly and Monthly timeframe.
If Point X, A, B, C and D is next to each other, it is recommend to use lower timeframe.
Automated alert is not supported for this release. However, alert can be done manually. Alert will updated on the version.
█ PINE SCRIPT LIMITATIONS
Known bug for when calculate time in array, causing label may not appeared or offset.
Unable to convert to library due to usage of array.get(). I prefer usage for a combination of array.get(id, 0), array.get(id, 1), array.get(id, 2) into custom function, however I faced this issue during make arrays of label. Index can be simply refered as int, for id, i not sure, already try id refered as simple, nothing happens.
linefill.new() will appeared as diamond box if overused.
Text in box.new() unable to use ternary condition or switch to change color. Bgcolor also affected.
Label display is larger than XABCD tool. Hopefully in future, have function to resize label similar to XABCD tools.
█ IMPORTANTS
Trade Management (Profit & Loss) is calculated from Point A to D.
Take Profit is calculated based on ratio 0.382 and 0.618 of Point A to D.
Always check BC validity before proceed to Trade Management.
Length of XABCD is equal to XAB plus BCD, where XAB and BCD are one to one ratio. Length is measured in time.
Use other oscillator to countercheck. Normally use built-in Relative Strength Index (RSI) and Divergence Indicator to determine starting point of Point X and A.
█ HARMONIC PATTERNS SUPPORTED
// Credits to Scott M Carney, author of Harmonic Trading Volume 3: Reaction vs. Reversal
Alt Bat - Page 101
Bat - Page 98
Crab - Page 104
Gartley - Page 92
Butterfly - Page 113
Deep Crab - Page 107
Shark - Page 119 - 220
█ FAQ
Pattern such as 5-0, perfect XABCD and ABCD that not included, will updated on either next version or new release.
Point D time is for approximation only, not including holidays and extended session.
Basic explaination for Harmonic Trading System (Trade Identification, Trade Execution and Trade Management).
Harmonic Patterns values is pretty much summarized here including Stop Loss.
Basic explanation for Alt Bat, Bat, Crab, Gartley, Deep Crab and Butterfly.
█ USAGE / TIPS EXAMPLES (Description explained in each image)
Supertrend StrategyThis Supertrend strategy will allow you to enter a long or short from a supertrend trend change. Both ATR period and ATR multiplier are adjustable. If you check off "Change ATR Calculation Method" it will base the calculation off the sma and give you slightly different results, which may work better depending on the asset. Be sure to enter slippage and commission into the properties to give you realistic results.
I've also built in backtesting date ranges and the ability to trade only within certain times of day and have it close all trades at the end of that time frame. This is especially useful for day trading stocks. If you check off "Enter First Trade ASAP" then when using the time frame option it will enter the current trade. If however you uncheck that box and instead check off "Wait To Enter First Trade" it will wait for the trend to change and then enter.
You can also specify a % based take profit and stop loss. In most cases the stop loss is not needed because of the atr based stop that supertrend provides so you could check only take profit and see if it works best to take profit or to let supertrend trend change get you out. Also keep in mind that if you have "Enter First Trade ASAP" checked off and use the stop loss and/or take profit then it will re-enter the current trend again.
Finally there's custom alert fields so you can send custom alert messages for strategy entry and exit for use with automated trading services. Simply enter your messages in the fields within the strategy properties and then put {{strategy.order.alert_message}} in your alert message body and it will dynamically pull in the appropriate message.
Take Profit On Trend (by BHD_Trade_Bot)The purpose of strategy is to detect long-term uptrend and short-term downtrend so that you can easy to take profit.
The strategy also using BHD unit to detect how big you win and lose, so that you can use this strategy for all coins without worry about it have different percentage of price change.
ENTRY
The buy order is placed on assets that have long-term uptrend and short-term downtrend:
- Long-term uptrend condition: ema200 is going up (rsi200 greater than 51)
- Short-term downtrend condition: 2 last candles are down price (use candlestick for less delay)
CLOSE
The sell order is placed when take profit or stop loss:
- Take profit: price increase 1 BHD unit
- Stop loss: price decrease 2 BHD units
The strategy use $15 and trading fee is 0.1% for each order. So that, in the real-life, if you are using trade bot, it will need $1500 for trading 100 coins at the same time.
Pro tip : The 1-hour time frame for altcoin/USDT has the best results on average.
Zendog V2 backtest DCA bot 3commasHi everyone,
After a few iterations and additional implemented features this version of the Backtester is now open source.
The Strategy is a Backtester for 3commas DCA bots. The main usage scenario is to plugin your external indicator, and backtest it using different DCA settings.
Before using this script please make sure you read these explanations and make sure you understand how it works.
Features:
- Because of Tradingview limitations on how orders are grouped into Trades, this Strategy statistics are calculated by the script, so please ignore the Strategy Tester statistics completely
Statistics Table explained:
- Status: either all deals are closed or there is a deal still running, in which case additional info
is provided below, as when the deal started, current PnL, current SO
- Finished deals: Total number of closed deals both Winning and Losing.
A deal is comprised as the Base Order (BO) + all Safety Orders (SO) related to that deal, so this number
will be different than the Strategy Tester List of Trades
- Winning Deals: Deal ended in profit
- Losing deals: Deals ended with loss due to Stop Loss. In the future I might add a Deal Stop condition to
the script, so that will count towards this number as well.
- Total days ( Max / Avg days in Deal ):
Total Days in the Backtest given by either Tradingview limitation on the number of candles or by the
config of the script regarding "Limit Date Range".
Max Days spent in a deal + which period this happened.
Avg days spent in a deal.
- Required capital: This is the total capital required to run the Backtester and it is automatically calculated by
the script taking into consideration BO size, SO size, SO volume scale. This should be the same as 3commas.
This number overwrites strategy.initial_capital and is used to calculate Profit and other stats, so you don't need
to update strategy.initial_capital every time you change BO/SO settings
- Profit after commission
- Buy and Hold return: The PnL that could have been obtained by buying at the close of the first candle of the
backtester and selling at the last.
- Covered deviation: The % of price move from initial BO order covered by SO settings
- Max Deviation: Biggest market % price move vs BO price, in the other direction (for long
is down, for short it is up)
- Max Drawdown: Biggest market % price move vs Avg price of the whole Trade (BO + any SO), in the other
direction (for long price goes down, for short it goes up)
This is calculated for the whole Trade so it is different than List of Trades
- Max / Avg bars in deal
- Total volume / Commission calculated by the strategy. For correct commission please set Commission in the
Inputs Tab and you may ignore Properties Tab
- Close stats for deals: This is a list of how many Trades were closed at each step, including Stop Loss (if
configured), together with covered deviation for that step, the number of deals, and the percentage of this
number from all the deals
TODO: Might add deal avg value for each step
- Settings Table that can be enabled / disabled just to have an overview of your configs on the chart, this is a
drawn on bottom left
- Steps Table similar to 3commas, this is also drawn on bottom left, so please disable Settings table if you want
to see this one
TODO: Might add extra stats here
- Deal start condition: built in RSI-7 or plugin any external indicator and compare with any value the indicator plots
(main purpose of this strategy is to connect your own studies, so using external indicator is recommended)
- Base order and safety orders configs similar to 3commas (order size, percent deviation, safety orders,
percent scale and volume scale)
- Long and Short
- Stop Loss
- Support for Take profit from base order or from Total volume of the deal
- Configs help (besides self explanatory):
- Chart theme: Adjust according to the theme you run on. There is no way to detect theme at the moment.
This adjust different colors
- Deal Start Type: Either a builtin RSI7 or "External indicator"
- Indicator Source an value: If using External Indicator then select source, comparison and value.
For example you could start a deal when Volume is greater than xxxx, or code a custom indicator that plots
different values based on your conditions and test those values
- Visuals / Decimals for display: Adjust according to your symbol
- BO Entry Price for steps table: This is the BO start deal price used to calculate the steps in the table
M8 BUY @ END OF DAYI've read a couple of times at a couple of different places that most of the move in the market happens after hours, meaning during non-standard trading hours.
After-market and pre-market hours and have seen data presented showing that systems which bought just before end normal market hours and sold the next morning had really amazing resutls.
But when testing those I found the results to be quite poor compared to the pretty graphs I saw, and after much tweaking and trying different ideas I gave up on the idea until I recently decided to try a new position management system.
The System
Buys at the end of the trading day before the close
Sells the next morning at the open IF THE CLOSE OF THE CURRENT BAR IS HIGHER THAN THE ENTRY PRICE
When the current price is not higher, the system will keep the position open until it EITHER gets stops out or closes on profit <<< this is WHY it has the high win %
The system has a high win ratio because it will keep that one position open until it either reaches profit or stops out
This "system" of waiting, and keeping the trade open, actually turned out to be a fantastic way to kind of put the complete trading strategy in a kind of limbo mode. It either waits for market failure or for a profit.
I don't really care about win % at all, almost always high win % ratio systems are just nonsense. What I look for is a PF -- profit factor of 1.5 or above, and a relatively smooth equity curve. -- This has both.
The Stop Loss setting is set @ .95, meaning a 5% stop loss. The Red Line on the chart is the stop loss line.
There is no set profit target -- it simply takes what the market gives.
Non-Repainting System
This does use a 200D Simple Moving Average as a filter. Like a Green Light / Red Light traffic light, the system will only trade long when the price is above its 200 Moving average.
Here is the code: "F1 = close > sma(security(syminfo.tickerid, "D", close ), MarketFilterLen) // HIGH OF OLD DATA -- SO NO REPAINTING"
I use "close ", so that's data from two days ago, it's fixed, confirmed, non-repainting data from the higher timeframe.
-- I would only suggest using this on direction tickers like SPY, QQQ, SSO, TQQQ, market sectors with additional filters in place.
Average Band by HarmanUsually, Moving Averages (Simple & Exponential) consider "close" of each candle to form a line for a particular period. In this indicator, we have considered all the parameters (Open, Close, Low & High) of each candle to form a Band or a wave which act as a zone to provide support & resistance. It works well on all the time frames. It perfectly works on lower time frames of 15 min & 5 min for intraday trades and even for scalping. There is a line that moves very near to candles known as "Candle Line" provide support & resistance to each individual candle and a leading line which moves ahead also acts as support & resistance and helps in determining trend direction.
How to use the indicator ?
Indicator consists of 3 components :
1) A Band or wave of 3 lines (upper, middle & lower line)
2) A "Candle Line" which moves along with the candles
3) A Leading line which moves ahead of the candles
Method 1 : When candles are being formed above the candle line (line near to candles) and it crosses the band or wave from below to upside, then long trade can be initiated. Similarly, When candles are being formed below the Candle line and it crosses the band or wave from upside then short trade can be initiated. Stop loss can be maintained below the band for Long trade and above the band for short trade. Candle line can be used to trail the stop loss.
Method 2: If candles moves above and below of the band very often and frequently and candle line is in the middle of candles then it is NO TRADING ZONE. If you still want to trade, then select a higher time frame and check the price movement. If there is a stability in the higher time frame, then take the trade in the higher timeframe with stable movement.
Method 3 : Candle line acts as "First line of Defence". In a uptrend, all the candles are formed above the candle line and in case of down trend, all the candles are formed below the candle line. When a newly formed candle cross the candle line then you can book profit. For Example : In uptrend , candles are being formed above the line, when a new candle started forming below the line and when the complete candle is formed below the line, profit can be booked. Vice-versa in case of downtrend.
Method 4: Direction of leading line, band and candle line helps in determining the trend. If all these three components are in upward direction, price trend is upward and if all these three components are in downward direction, then price trend is downward. When, leading line and band cross each other from opposite direction for consecutive 2-3 times, then price movement is sideways.
Method 5 : Thickness of band play an important role in determining price action. If band is narrow, it means small candles are being formed and no any huge price movement is observed in this period. When band started expanding, it signifies that big candles are begin to form and there is a more price movement than before. Similarly, If contraction of band started, it means that small candles are being formed and there is low price movement as compared to the price movement when Band was expanded. If Band is expanded (wider) and volumes are high, It means the Band will act as strong Support or Resistance than usual. In case, candles and candle line cross the expanded Band, you can enter the Long or Short trade.
Method 6: When the Band, leading line and candle line collides or meet at a single point, then it is either strong support or resistance.
Method 7 : Usage in Scalping : Select the shorter time frame of 1 min or 5 min. If the candles are crossing the band very frequently in 1 min, then select 5 min time frame or wait for few minutes for stability. Now, when candles started forming above the candle line and it crosses the band from below then take a long position and book profit after few candles above the band. Place stop loss below the Band. Similarly, when candles started forming below the candle line and it crosses the band from above, then enter into short trade and book profit after few candles. Place stop loss above the band in the case of short trade.
You can combine above methods to give a sharp edge to your trade and increase the probability of your winning in the trade.
Indicator Settings : Default period selected is 50 for both the Band and leading line. You can change the period to 26 or 100 or 200. Select the period and check the chart, if the indicator looks fine and smooth, then you can use your settings. For most of the time, default settings work perfectly.
Proudly Developed by :
Harmandeep Singh
Graduate in Computer Science with Physics & Mathematics
MBA in Business Marketing and Finance
Experienced Computer programmer & Software developer
Stock Market & Crypto Trader
Ultimate Strategy TemplateHello Traders
As most of you know, I'm a member of the PineCoders community and I sometimes take freelance pine coding jobs for TradingView users.
Off the top of my head, users often want to:
- convert an indicator into a strategy, so as to get the backtesting statistics from TradingView
- add alerts to their indicator/strategy
- develop a generic strategy template which can be plugged into (almost) any indicator
My gift for the community today is my Ultimate Strategy Template
Step 1: Create your connector
Adapt your indicator with only 2 lines of code and then connect it to this strategy template.
For doing so:
1) Find in your indicator where are the conditions printing the long/buy and short/sell signals.
2) Create an additional plot as below
I'm giving an example with a Two moving averages cross.
Please replicate the same methodology for your indicator wether it's a MACD, ZigZag, Pivots, higher-highs, lower-lows or whatever indicator with clear buy and sell conditions
//@version=4
study(title='Moving Average Cross', shorttitle='Moving Average Cross', overlay=true, precision=6, max_labels_count=500, max_lines_count=500)
type_ma1 = input(title="MA1 type", defval="SMA", options= )
length_ma1 = input(10, title = " MA1 length", type=input.integer)
type_ma2 = input(title="MA2 type", defval="SMA", options= )
length_ma2 = input(100, title = " MA2 length", type=input.integer)
// MA
f_ma(smoothing, src, length) =>
iff(smoothing == "RMA", rma(src, length),
iff(smoothing == "SMA", sma(src, length),
iff(smoothing == "EMA", ema(src, length), src)))
MA1 = f_ma(type_ma1, close, length_ma1)
MA2 = f_ma(type_ma2, close, length_ma2)
// buy and sell conditions
buy = crossover(MA1, MA2)
sell = crossunder(MA1, MA2)
plot(MA1, color=color_ma1, title="Plot MA1", linewidth=3)
plot(MA2, color=color_ma2, title="Plot MA2", linewidth=3)
plotshape(buy, title='LONG SIGNAL', style=shape.circle, location=location.belowbar, color=color_ma1, size=size.normal)
plotshape(sell, title='SHORT SIGNAL', style=shape.circle, location=location.abovebar, color=color_ma2, size=size.normal)
/////////////////////////// SIGNAL FOR STRATEGY /////////////////////////
Signal = buy ? 1 : sell ? -1 : 0
plot(Signal, title="🔌Connector🔌", transp=100)
Basically, I identified my buy, sell conditions in the code and added this at the bottom of my indicator code
Signal = buy ? 1 : sell ? -1 : 0
plot(Signal, title="🔌Connector🔌", transp=100)
Important Notes
🔥 The Strategy Template expects the value to be exactly 1 for the bullish signal , and -1 for the bearish signal
Now you can connect your indicator to the Strategy Template using the method below or that one
Step 2: Connect the connector
1) Add your updated indicator to a TradingView chart
2) Add the Strategy Template as well to the SAME chart
3) Open the Strategy Template settings and in the Data Source field select your 🔌Connector🔌 (which comes from your indicator)
From then, you should start seeing the signals and plenty of other stuff on your chart
🔥 Note that whenever you'll update your indicator values, the strategy statistics and visual on your chart will update in real-time
Settings
- Color Candles : Color the candles based on the trade state (bullish, bearish, neutral)
- Close positions at market at the end of each session : useful for everything but cryptocurrencies
- Session time ranges : Take the signals from a starting time to an ending time
- Close Direction : Choose to close only the longs, shorts, or both
- Date Filter : Take the signals from a starting date to an ending date
- Set the maximum losing streak length with an input
- Set the maximum winning streak length with an input
- Set the maximum consecutive days with a loss
- Set the maximum drawdown (in % of strategy equity)
- Set the maximum intraday loss in percentage
- Limit the number of trades per day
- Limit the number of trades per week
- Stop-loss: None or Percentage or Trailing Stop Percentage or ATR
- Take-Profit: None or Percentage or ATR
- Risk-Reward based on ATR multiple for the Stop-Loss and Take-Profit
This script is open-source so feel free to use it, and optimize it as you want
Alerts
Maybe you didn't know it but alerts are available on strategy scripts.
I added them in this template - that's cool because:
- if you don't know how to code, now you can connect your indicator and get alerts
- you have now a cool template showing you how to create alerts for strategy scripts
Source: www.tradingview.com
I hope you'll like it, use it, optimize it and most importantly....make some optimizations to your indicators thanks to this Strategy template
Special Thanks
Special thanks to @JosKodify as I borrowed a few risk management snippets from his website: kodify.net
Additional features
I thought of plenty of extra filters that I'll add later on this week on this strategy template
Best
Dave
Turtle Trade Channels Indicator TUTCILegendary trade system which proved that great traders can be made, not born.
Turtle Trade Experiment made 80% annual return for 4 years and made 150 million $
Turtle Trade trend following system is a complete opposite to the "buy low and sell high" approach.
This trend following system was taught to a group of average and normal individuals, and almost everyone turned into a profitable trader.
They used the basis logic of well known DONCHIAN CHANNELS which developed by Richard Donchian.
The main rule is "Trade an 20-day breakout and take profits when an 10-day high or low is breached ". Examples:
Buy a 20-day breakout and close the trade when price action reaches a 10-day low.
Go short a 20-day breakout and close the trade when price action reaches a 10-day high.
In this indicator,
The red line is the trading line which indicates the trend directio n:
Price bars over the trend line indicates uptrend
Price bars under the trend line means downtrend
The dotted blue line is the exit line.
Original system is:
Go long when the price High is equal to or above previous 20 day Highest price.
Go short when the price Low is equal to or below previous 20 day Lowest price.
Exit long positions when the price touches the exit line
Exit short positions when the price touches the exit line
Recommended initial stop-loss is ATR * 2 from the opening price.
Default system parameters were 20,10 and 55,20.
Original Turtle Rules:
To trade exactly like the turtles did, you need to set up two indicators representing the main and the failsafe system.
Set up the main indicator with EntryPeriod = 20 and ExitPeriod = 10 (A.k.a S1)
Set up the failsafe indicator with EntryPeriod = 55 and ExitPeriod = 20 using a different color. (A.k.a S2)
The entry strategy using S1 is as follows
Buy 20-day breakouts using S1 only if last signaled trade was a loss.
Sell 20-day breakouts using S1 only if last signaled trade was a loss.
If last signaled trade by S1 was a win, you shouldn't trade -Irregardless of the direction or if you traded last signal it or not-
The entry strategy using S2 is as follows:
Buy 55-day breakouts only if you ignored last S1 signal and the market is rallying without you
Sell 55-day breakouts only if you ignored last S1 signal and the market is pluging without you
You can Highlight the chart with provided trade signals:
Green background color when Long
Red background color when Short
No background color when flat
WARNING: TURTLE TRADE STOP or ADDING more UNITS RULES ARE NOT INCLUDED.
Author: Kıvanç Özbilgiç
Also you can show or hide trade signals with the button on the settings menu
Probability of ATR Index [racer8]Deriving the indicator:
PAI is an indicator I created that tells you the probability of current price moving a specified ATR distance over a specified number of periods into the future. It takes into account 4 variables: the ATR & the standard deviation of price, and the 2 parameters: ATR distance and # bars (time).
The formula is very complex so I will not be able to explain it without confusion arising.
What I can say is that I used integral calculus & the Taylor series to derive a formula that calculates the area under half of the normal distribution function. Thus, the formula was repeated twice in the code to derive the full probability (half + half = whole). If you can read the code, you might be wondering why the formula is so long...
The reason for this is because in Pine Script, the erf function doesn't exist. You see, the formula for normal distribution is: f(x) = (1/sqrt(2pi))*e^(-xx/2), assuming of course that the standard deviation = 1 and mu (mean) = 1. The next step is to take the integral of this formula in order to find the area under f(x). The problem is that I found the integral, F(x), of the normal distribution formula to be equal to F(x) = erf(x/sqrt(2))/2...and the erf function cannot be directly computed into Pinescript.
So I developed a solution...why not estimate the integral function? So that's exactly what I did using a technique involving the Taylor series. The Taylor series is an algebraic function that allows you to create a new function that can estimate the existing function. On a graph, the new function has the same values as the existing one, the only difference is that it uses a differnt formula, in this case, a formula that makes it possible to compute the integral. The disadvantage of using this new formula is that it is super long and if you want it to better represent the original integral over a wider range of x-values, you have to make it longer.
Signal Interpretion:
The hotter the colour, the more likely price will reach your specified distance.
The 2 values of PAI in the bottom window represent probability & average probability of your specifed distance geting hit.
Applications:
Stop loss placement---
This indicator is useful because it gives you an idea of the likelihood that a stop loss at a particular distance away from price (in ATRs) will be hit over a period of time specified. This is helpful in placing stop losses.
Options trading---
PAI can also be used in options trading. For example, you are using a strangle options strategy, and you want to make sure that price stays within the Strangle's profit range. So you only trade when PAI presents a low probability value of moving at a particular distance in ATRs over n periods.
Anyhow, I hope you guys like it. Enjoy! and hit that like button for me :)
mForex - Bollinger Bands - Pinbar scalping systemTransaction setup parameters
Time frame: M5, M15
Currency pair: Any except XAU/USD
Trading strategies
=== BUY ===
Price break out of the lower Bollinger Bands
The Pinbar reversal candlestick appears and closes the candle on the lower Bollinger Bands
Stop loss: Nearest bottom + 3-5 pips
Profit target: 10-20 pips
=== SELL ===
Price break out of the upper Bollinger Bands
The Pinbar reversal candle appeared and closed below the upper
Stop loss: Nearest peak + 3-5 pips
Profit target: 10-20 pips
* If you have any questions or suggestions for this strategy, feel free to ask us.
Noro's RiskChannel StrategyIndicator
The Donchian price channel is used. There are 2 methods available to close the position. The user can choose a method.
Wikipedia: en.wikipedia.org
Strategy #1 (stop-loss type = channel)
Old classic trading strategy, using breakouts of the Donchan price channel.
If the price is above the price channel top line, open the long position (and close the short position)
If the price is below the lower line of the price channel, open the short position (and close the long position)
It is recommended that you all use market stop orders.
Strategy #2 (stop-loss type = center)
This metod is better. This method is recommended.
The central line (red) is the middle of the Donchian price channel. Used to close any positions.
If the price is higher than the price channel top line, open the long position.
If the price is lower than the lower line of the price channel, open the short position.
If the price has crossed the central line of the channel, close any position.
It is recommended that you all use market stop orders.
Risk
There are 2 options. Risk for long positions and risk for short positions. This is the size of the possible loss. Order size depends on the possible loss and is calculated for each position.
For
BTC/USD, BTC/USDT, XBT/USD, ETH/USD, ETH/USD (need USD!)
Timeframes: 1h and length of price channel = 50 bars or 4h and length of price channel = 12
RSI and Smoothed RSI Bull Div Strategy [BigBitsIO]This strategy focuses on finding a low RSI value, then targeting a low Smoothed RSI value while the price is below the low RSI in the lookback period to trigger a buy signal.
Features Take Profit, Stop Loss, and Plot Target inputs. As well as many inputs to manage how the RSI and Smoothed RSI are configured within the strategy.
Explanation of all the inputs
Take Profit %: % change in price from position entry where strategy takes profit
Stop Loss %: % change in price from position entry where strategy stops losses
RSI Lookback Period: # of candles used to calculate RSI
Buy Below Lowest Low In RSI Divergence Lookback Target %: % change in price from lowest RSI candle in divergence lookback if set
Source of Buy Below Target Price: Source of price (close, open, high, low, etc..) used to calculated buy below %
Smoothed RSI Lookback Period: # of candles used to calculate RSI
RSI Currently Below: Value the current RSI must be below to trigger a buy
RSI Divergence Lookback Period: # of candles used to lookback for lowest RSI in the divergence lookback period
RSI Lowest In Divergence Lookback Currently Below: Require the lowest RSI in the divergence lookback to be below this value
RSI Sell Above: If take profit or stop loss is not hit, the position will sell when RSI rises above this value
Minimum SRSI Downtrend Length: Require that the downtrend length of the SRSI be this value or higher to trigger a buy
Smoothed RSI Currently Below: Value the current SRSI must be below to trigger a buy
Hancock - Pump Catcher [BitMEX] [Alerts]This is a study to the version of the strategy found here .
It generates 3 alerts:
CLOSE - Triggers to close all open positions
LONG - Triggers to open a long position
SHORT - Triggers to open a short position
Commands for alerts (without stop-loss) to get you started:
CLOSE - a=bitmex e=bitmextestnet c=position t=market
LONG - a=bitmex e=bitmextestnet b=long s=xbtusd l=5 q=99% t=market
SHORT - a=bitmex e=bitmextestnet b=short s=xbtusd l=5 q=99% t=market
I would advise including a stop-loss with your commands. These commands are for autoview and don't include a stop loss, use autoview command documentation to add stop-loss.
Happy trading
Hancock
SSL Channel BFSSL Channel Close is a great all-rounder based on 2 Simple Moving Averages, one of recent Highs, one of recent Lows.
The calculation prints a channel on the chart consisting of 2 lines.
This strategy gives a Long signal when price closes above the top of these 2 lines and a Short signal when it closes below the bottom.
Trading in choppy sideways markets can compound losses so we avoid that here by using recent ATR to determine relative volatility and refrain from trading when the background is White.
We use a basic 3% stop loss.
Charted on XBT/USD Bitmex Daily chart.
INSTRUCTIONS
Green = long
Red = short
White Background= No trade
The way I have set this strategy up is that if we get stopped out but we are still in a green or red background, we re-enter. Closing the trade only occurs on an opposing signal or if we get stopped out.
Chandelier Exit V2 by fr3762 KIVANÇChandelier Exit Version 2 with two lines Long Stop and Short Stop
There is a Chandelier exit for long positions and one for short positions. The Chandelier Exit (long) hangs three ATR values below the 22-period high. This means it rises and falls as the period high and the ATR value changes. The Chandelier Exit for short positions is placed three ATR values above the 22-period low. The spreadsheet examples show sample calculations for both.
According to the theory, traders should exit long positions at either the highest high since entry minus 3 ATRs .
Similarly traders should exit short positions at either the lowest low since entry plus 3 ATRs .
Developed by Charles Le Beau and featured in Alexander Elder's books, the Chandelier Exit sets a trailing stop-loss based on the Average True Range (ATR). The indicator is designed to keep traders in a trend and prevent an early exit as long as the trend extends. Typically, the Chandelier Exit will be above prices during a downtrend and below prices during an uptrend.
The author, Chuck LeBeau explains: It lets "... profits run in the direction of a trend while still offering some protection against any reversal in trend."
The exit stop is placed at a multiple of average true ranges from the highest high or highest close since the entry of the trade.
Chandelier Exit will rise instantly whenever new highs are reached. As the highs get higher the stop moves up but it never moves downward.
The Chandelier Exit is mostly used to set a trailing stop-loss during a trend. Trends sometimes extend further than we anticipate and the Chandelier Exit can help traders ride the trend a little longer. Even though it is mostly used for stop-losses, the Chandelier Exit can also be used as a trend tool. A break above the Chandelier Exit (long) signals strength, while a break below the Chandelier Exit (short) signals weakness. Once a new trend begins, chartists can then use the corresponding Chandelier Exit to help define this trend.
Developer: Charles Le Beau
Here's the link to a complete list of all my indicators:
tr.tradingview.com
Şimdiye kadar paylaştığım indikatörlerin tam listesi için: tr.tradingview.com
Forex Master (EUR/USD)ATTENTION:
This is a symmetrical algorithm designed only for trading EUR/USD on the 1h time frame. For other currency pairs and time frames, you need to re-calibrate the RSI-EMAs as well as the profit targets and stop losses.
BACKTEST CONDITIONS:
Initial equity = $100,000 (no leverage)
Order size = 100% of equity
Pyramiding = disabled
TRADING RULES:
Long entry = EMA20(RSI10) cross> 50
Profit limit = 50 pips
Stop loss = 50 pips
Short entry = EMA30(RSI30) cross< 50
Profit limit = 50 pips
Stop loss = 50 pips
Long entry = Short exit
Short entry = long exit
DISCLAIMER: None of my ideas and posts are investment advice. Past performance is not an indication of future results. This strategy was constructed with the benefit of hindsight and its future performance cannot be guaranteed.
Golden Vector Trend Orchestrator (GVTO)Golden Vector Trend Orchestrator (GVTO) is a composite trend-following strategy specifically engineered for XAUUSD (Gold) and volatile assets on H4 (4-Hour) and Daily timeframes.
This script aims to solve a common problem in trend trading: "Whipsaws in Sideways Markets." Instead of relying on a single indicator, GVTO employs a Multi-Factor Confluence System that filters out low-probability trades by requiring alignment across Trend Structure, Momentum, and Volatility.
🛠 Methodology & Logic
The strategy executes trades only when four distinct technical conditions overlap (Confluence). If any single condition is not met, the trade is filtered out to preserve capital.
1. Market Structure Filter (200 EMA)
Indicator: Exponential Moving Average (Length 200).
Logic: The 200 EMA acts as the baseline for the long-term trend regime.
Bullish Regime: Price must close above the 200 EMA.
Bearish Regime: Price must close below the 200 EMA.
Purpose: Prevents counter-trend trading against the macro direction.
2. Signal Trigger & Trailing Stop (Supertrend)
Indicator: Supertrend (ATR Length 14, Factor 3.5).
Logic: Uses Average True Range (ATR) to detect trend reversals while accounting for volatility.
Purpose: Provides the specific entry signal and acts as a dynamic trailing stop-loss to let profits run while cutting losses when the trend invalidates.
3. Volatility Gatekeeper (ADX Filter)
Indicator: Average Directional Index (Length 14).
Threshold: > 25.
Logic: A high ADX value indicates a strong trend presence, regardless of direction.
Purpose: This is the most critical filter. It prevents the strategy from entering trades during "choppy" or ranging markets (consolidation zones) where trend-following systems typically fail.
4. Momentum Confirmation (DMI)
Indicator: Directional Movement Index (DI+ and DI-).
Logic: Checks if the buying pressure (DI+) is physically stronger than selling pressure (DI-), or vice versa.
Purpose: Ensures that the price movement is backed by genuine momentum, not just a momentary price spike.
📋 How to Use This Strategy
🟢 LONG (BUY) Setup
A Buy signal is generated only when ALL of the following occur simultaneously:
Price Action: Price closes ABOVE the 200 EMA (Orange Line).
Trigger: Supertrend flips to GREEN (Bullish).
Strength: ADX is greater than 25 (Strong Trend).
Momentum: DI+ (Plus Directional Indicator) is greater than DI- (Minus).
🔴 SHORT (SELL) Setup
A Sell signal is generated only when ALL of the following occur simultaneously:
Price Action: Price closes BELOW the 200 EMA (Orange Line).
Trigger: Supertrend flips to RED (Bearish).
Strength: ADX is greater than 25 (Strong Trend).
Momentum: DI- (Minus Directional Indicator) is greater than DI+ (Plus).
🛡 Exit Strategy
Stop Loss / Take Profit: The strategy utilizes the Supertrend Line as a dynamic Trailing Stop.
Exit Long: When Supertrend turns Red.
Exit Short: When Supertrend turns Green.
Note: Traders can also use the real-time P/L Dashboard included in the script to manually secure profits based on their personal Risk:Reward ratio.
📊 Included Features
Real-Time P/L Dashboard: A table in the top-right corner displays the current trend status, ADX strength, and the Unrealized Profit/Loss % of the current active position.
Smart Labeling: Buy/Sell labels are coded to appear only on the initial entry trigger. They do not repaint and do not spam the chart if the trend continues (no pyramiding visualization).
Visual Aids: Background color changes (Green/Red) to visually represent the active trend based on the Supertrend status.
⚠️ Risk Warning & Best Practices
Asset Class: Optimized for XAUUSD (Gold) due to its high volatility nature. It also works well on Crypto (BTC, ETH) and Major Forex Pairs.
Timeframe: Highly recommended for H4 (4 Hours) or D1 (Daily). Using this on lower timeframes (M5, M15) may result in false signals due to market noise.
News Events: Automated strategies cannot predict economic news (CPI, NFP). Exercise caution or pause trading during high-impact economic releases.
4H Pivot Levels# 4-Hour Pivot Levels - Quick Guide
## What It Does
Displays 4-hour pivot support and resistance levels on any timeframe chart with clear BUY (green) and SELL (red) labels.
## Installation
1. Open TradingView Pine Editor
2. Paste the script code
3. Save and "Add to Chart"
## Understanding the Levels
**Pivot Point (P)** - Yellow line, central reference point
- Price above = bullish bias
- Price below = bearish bias
**Support Levels (S1, S2, S3)** - Green "BUY" labels
- Demand zones where price may bounce up
- Use as long entry targets or short exit points
- S1 strongest, S3 weakest
**Resistance Levels (R1, R2, R3)** - Red "SELL" labels
- Supply zones where price may reverse down
- Use as short entry targets or long exit points
- R1 strongest, R3 weakest
## How to Use
**For Longs:**
- Buy near green support levels
- Target red resistance levels or pivot
- Stop loss below the support level
**For Shorts:**
- Sell near red resistance levels
- Target green support levels or pivot
- Stop loss above the resistance level
**For Ranging Markets:**
- Buy support, sell resistance
- Use pivot as mid-range guide
## Settings
**Display:** Toggle pivot point, support, or resistance on/off
**Line Extension:** Adjust how far lines project forward (default: 50 bars)
**Colors:** Customize pivot (yellow), support (green), resistance (red)
**Style:** Change line width (1-5) and style (solid/dashed/dotted)
## Tips
- Works on any timeframe but best on 15min-4H charts
- R1/S1 are typically the strongest levels
- Always use with price action confirmation and stop losses
- Levels update every 4 hours based on previous 4H candle
- Combine with volume and other indicators for best results
## Quick Strategy
1. Identify the trend (above/below pivot)
2. Wait for price to approach a level
3. Look for confirmation (candlestick pattern, volume)
4. Enter with stop beyond the level
5. Target next level or pivot point
Advanced Power Index (GGE)# Advanced Power Index (GGE)
## Overview
The Advanced Power Index is a momentum oscillator that provides faster and more responsive signals compared to traditional RSI indicators. It uses direct summation calculations instead of exponential smoothing, making it particularly effective for short to medium-term trading.
## Key Features
- **Faster Response**: Reacts more quickly to price changes than standard RSI
- **Clearer Signals**: Provides sharper, more defined momentum shifts
- **Customizable Levels**: Overbought (68) and Oversold (32) zones
- **Visual Alerts**: Color-coded plot and background highlighting for critical zones
- **Adaptive**: Works well in both trending and ranging markets
## How It Works
The indicator calculates the ratio between positive and negative price changes over a specified period, converting this into a 0-100 scale oscillator. Unlike traditional RSI which uses Wilder's smoothing method, this approach delivers more immediate signals for momentum changes.
## Trading Applications
### 1. Overbought/Oversold Strategy
- **Oversold (< 32)**: Potential buying opportunity when indicator rises back above 32
- **Overbought (> 68)**: Potential selling opportunity when indicator falls back below 68
### 2. Midline Crossovers
- **Above 50**: Bullish momentum, consider long positions
- **Below 50**: Bearish momentum, consider short positions
### 3. Divergence Trading
- **Bullish Divergence**: Price makes lower lows while indicator makes higher lows
- **Bearish Divergence**: Price makes higher highs while indicator makes lower highs
### 4. Trend Following
- In uptrends: Use pullbacks to the 50 level as entry points
- In downtrends: Use rallies to the 50 level as exit/short points
## Color Coding
- **Green**: Strong bullish momentum (> 68)
- **Red**: Strong bearish momentum (< 32)
- **Yellow**: Neutral zone (32-68)
## Settings
- **Period**: Default 14, adjustable based on your trading timeframe
- **Price Type**: Close, Open, High, Low, or custom source
- **Highlight Zones**: Toggle background highlighting for critical levels
## Best Timeframes
- Most effective on 5-minute to 4-hour charts
- Ideal for day trading and scalping strategies
- Can be combined with trend indicators for confirmation
## Tips for Use
- Don't use in isolation - combine with volume, support/resistance levels
- Works best in liquid, actively traded markets
- Consider using alongside moving averages or MACD
- Always implement proper risk management and stop-losses
## Advantages Over Standard RSI
✓ Faster signal generation
✓ Less lag in volatile markets
✓ Better suited for short-term trading
✓ Clearer momentum shifts
✓ More responsive to sudden price changes
---
**Note**: No indicator is perfect. Always use proper risk management and combine multiple forms of analysis before making trading decisions.
**Disclaimer**: This indicator is for educational and informational purposes only. Past performance does not guarantee future results. Trading involves substantial risk of loss.
Multi-MA SuiteMulti-MA Suite - Customizable Moving Averages Indicator
Overview
Multi-MA Suite is a comprehensive moving average indicator that combines both Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs) in a single, highly customizable tool. Designed for traders who rely on multiple timeframe analysis, this indicator provides up to 9 moving averages (5 EMAs + 4 SMAs) with full control over visibility, color schemes, and parameters.
Key Features
✓ Dual MA Types:
5 Exponential Moving Averages (EMAs) - Responsive to recent price action, ideal for short to medium timeframes
4 Simple Moving Averages (SMAs) - Slow and stable, specifically designed for long timeframe analysis
✓ Full Customization:
Individual toggle switches to show/hide each moving average
Custom color picker for each MA line
Adjustable length and source for all moving averages
Progressive line width (thicker lines for longer periods)
✓ Pre-configured Defaults:
EMA: 9, 21, 50, 100, 200 (common swing trading periods)
SMA: 50, 100, 200, 300 (institutional reference levels for long-term trends)
Color-coded scheme: Warm colors (yellow-orange) for EMAs, Cool colors (blue-purple) for SMAs
✓ Clean Interface:
Organized input groups for easy navigation
Clear labeling and logical parameter ordering
Minimal chart clutter with toggle controls
Key Difference - Speed & Timeframe:
EMAs: Fast and reactive → Best for short to medium timeframes (1-min to 4-hour charts)
SMAs: Slow and smooth → Best for long timeframes (daily, weekly, monthly charts)
Recommended Settings
Day Trading (Short Timeframes):
Focus on EMAs: 9, 21, 50
Use 1-minute to 15-minute charts
SMAs react too slowly for intraday timeframes
Swing Trading (Medium Timeframes):
Use all EMAs with SMA 50 and 200
1-hour to daily charts work best
Mix of EMAs for entries, SMAs for trend context
Position Trading (Long Timeframes):
Focus primarily on SMAs: 50, 100, 200, 300
Daily to weekly charts recommended
SMAs excel here due to their slow, stable nature
Can add EMA 200 for comparison
Investment Analysis (Very Long Timeframes):
SMAs only: 100, 200, 300
Weekly to monthly charts
SMA's slow calculation filters noise perfectly for long-term trends
EMA Timeframe-Specific Recommendations
📌 Important Notes on EMA Usage by Timeframe:
Small Timeframes (5-minute and 15-minute charts):
Use 9 EMA and 21 EMA
These fast EMAs respond quickly to price changes
Perfect for scalping and day trading
The 9/21 EMA crossover is a popular day trading strategy
Medium Timeframes (1-hour to 4-hour charts):
Use 21 EMA and 50 EMA
Balances responsiveness with trend reliability
Ideal for swing trading and intraday position holding
The 21/50 EMA combination filters out noise while staying responsive
Long Timeframes (Daily and Weekly charts):
Use 50 EMA and 200 EMA
The classic trend-following combination
50 EMA for medium-term trend, 200 EMA for major trend
The 50/200 EMA crossover is known as the "Golden Cross" (bullish) or "Death Cross" (bearish)
For very long-term analysis on these timeframes, consider using SMAs instead
Quick Reference Guide:
5m / 15m: EMA 9 & 21
1h / 4h: EMA 21 & 50
1D / 1W: EMA 50 & 200 (or switch to SMAs for even smoother signals)
Practical Trading Strategy with EMAs
📌 Why Use EMAs for Active Trading:
For active trading, use EMAs because they have faster movement compared to SMAs. This faster response to price changes allows you to catch trends earlier and exit trades before major reversals occur.
Three-EMA Trading System:
1. 9 EMA - Quick Trend Recognition:
Use the 9 EMA to understand the trend quickly
When price is above 9 EMA = Short-term uptrend
When price is below 9 EMA = Short-term downtrend
The 9 EMA reacts immediately to price momentum changes
Perfect for entry timing and quick trend identification
2. 21 EMA - Exit Signal and Trend Confirmation:
When the 21 EMA breaks (price crosses it), exit your trade
This is critical because when the 21 EMA breaks, the trend will likely reverse
The 21 EMA acts as your "stop-loss line"
Breaking the 21 EMA signals that the short-term momentum has shifted
Example: In an uptrend, when price crosses below 21 EMA, exit longs immediately
Example: In a downtrend, when price crosses above 21 EMA, exit shorts immediately
3. 50 EMA - Full Correction Understanding:
Use the 50 EMA to understand the complete correction
The 50 EMA shows where the full pullback or correction might end
When price reaches the 50 EMA, it often bounces (in a strong trend)
Breaking the 50 EMA indicates a deeper correction or potential trend reversal
Use it to gauge the strength of the overall trend
Customization Tips
Toggle unnecessary MAs off to reduce chart clutter based on your trading style and timeframe
For the 3-EMA trading strategy, enable only 9, 21, and 50 EMAs
For long timeframes (daily+), disable EMAs and use only SMAs to avoid over-reactive signals
Match your EMA selection to your timeframe using the guide above
Adjust colors to match your chart theme or to highlight specific MAs
Modify lengths to fit specific market conditions or asset volatility
Change source from close to high/low/HL2 for alternative perspectives
Use thicker lines for key decision MAs (edit linewidth in settings)
Color Scheme Rationale
EMAs (Warm Colors):
Yellow → Orange progression represents increasing timeframes while maintaining visual cohesion. The warm palette signals "active" or "fast-reacting" nature of EMAs, perfect for shorter timeframes and active trading.
SMAs (Cool Colors):
Blue → Purple progression provides clear visual distinction from EMAs. The cool palette suggests "stable," "slow," and "smooth" characteristics of SMAs, ideal for long timeframe analysis.
What Makes This Different?
Unlike basic MA indicators, Multi-MA Suite provides:
Both EMA and SMA in one indicator (saves indicator slots)
Optimized MA selection based on speed characteristics - fast EMAs for short timeframes, slow SMAs for long timeframes
Clear timeframe-specific EMA recommendations for immediate use
Practical trading strategy included - 9 EMA for trend, 21 EMA for exit, 50 EMA for corrections
Individual control over each MA (toggle, color, parameters)
Thoughtful default settings based on widely-used trading periods
Color-coded system for instant visual differentiation
Clean, organized interface for efficient workflow
Installation & Usage
Add the indicator to your chart
Open indicator settings to customize
For active trading: Enable 9, 21, and 50 EMAs (the recommended trading system)
Select appropriate MAs for your timeframe (use the EMA timeframe guide above)
Toggle MAs on/off based on your analysis needs
Adjust colors if desired to match your chart theme
Modify lengths and sources as needed for your strategy
⚠️ IMPORTANT DISCLAIMER
EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY
This indicator and its accompanying documentation are provided for educational and informational purposes only. The content does not constitute financial advice, investment advice, trading advice, or any other sort of advice, and you should not treat any of the indicator's content as such.
NO GUARANTEE OF RESULTS
Past performance is not indicative of future results. The strategies, techniques, and concepts discussed herein are provided "as is" without any warranty of any kind. Trading and investing in financial markets involves substantial risk of loss and is not suitable for every investor.
RISK ACKNOWLEDGMENT
You can lose money trading: Trading stocks, forex, futures, options, cryptocurrencies, and other financial instruments carries a high level of risk and may not be suitable for all investors. You may sustain a total loss of your investment.
No guaranteed profits: The use of moving averages or any technical indicator does not guarantee profitable trades. Markets can remain irrational longer than you can remain solvent.
Lagging indicators: All moving averages are lagging indicators based on historical price data and may not predict future price movements.
False signals: Moving averages can produce false signals, especially in choppy, sideways, or low-volume market conditions.
YOUR RESPONSIBILITY
Do your own research: Before making any trading or investment decision, you should conduct your own research and due diligence.
Consult professionals: Consider seeking advice from qualified financial advisors, certified public accountants, or licensed professionals before making financial decisions.
Risk management: Always use proper risk management, including stop-losses, position sizing, and diversification.
Demo trading: Test any strategy on a demo account before risking real capital.
Understand the markets: Ensure you fully understand the markets you're trading and the risks involved.
PERSONAL TRADING DECISIONS
All trading decisions are made at your own discretion and at your own risk. You are solely responsible for all trading decisions you make. The strategies mentioned (including the 9/21/50 EMA system) are examples only and should not be followed blindly without proper testing and risk assessment.
MARKET CONDITIONS VARY
Market conditions change constantly. What works in one market condition may not work in another. Trending strategies (like the ones discussed) typically perform poorly in ranging markets. Adapt your approach based on current market conditions.
USE AT YOUR OWN RISK
By using this indicator, you acknowledge that you have read this disclaimer and agree to be bound by its terms. If you do not agree with any part of this disclaimer, do not use this indicator.
WN 5-20-50 SMA Setup (Discrete Lines = SL TP) Multiple Entries Pretty Simple Script as I got this idea from a YouTuber that showed us how to use AI to make TradingView Indicators.
When the 5 day Simple Moving Average Goes Above the 20 day Simple Moving Average it issues a BUY Signal when the Trend itself is over the 50 day Simple Moving Average.
When the 5 day Simple Moving Average Goes Below the 20 day Simple Moving Average it issues a SELL Signal when the Trend itself is under the 50 day Simple Moving Average.
The Green Cloud Represents price over the 50 day Simple Moving Average. BUY signals will only show up in the green cloud.
The Red Cloud Represents price under the 50 day Simple Moving Average. SELL signals will only show up in the green cloud.
The lines represent Stop Loss and two Take Profit Levels. Take Profit 1 is 1.5x the stop loss and Take Profit 2 is 3x the Stop Loss.
This version of the Script has multiple Trend signals for entries so you can scale into a trade when the Trend is being aggressive.
