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Tradedots

Liquidity Sweep Quality Score [TradeDots]Liquidity Sweep Quality Score Summary This indicator detects liquidity-sweep events on the chart timeframe and assigns each event a 0 to 100 composite quality score with an A+, A, B, C, D, or Weak letter grade. A liquidity sweep here is defined precisely: the current bar prints beyond a confirmed swing pivot (below a prior swing low for a bullish sweep, or above a prior swing high for a bearish sweep) and closes back inside the prior range. The composite score is built from six independent factors that quantify how decisively the rejection occurred and how supportive the surrounding context is. The grade label is drawn on the bar immediately after the sweep so that the score includes the first piece of follow-through evidence. What is original here Detecting liquidity sweeps from pivot geometry is straightforward and is already common across public scripts. Where most scripts stop at binary detection ("a sweep happened"), this script adds a multi-factor quality layer on top. The originality is in the scoring methodology: six measurable factors, each normalized to a 0 to 100 scale so that raw units do not dominate, combined as a weighted average with a regime-aware penalty applied at the end. All weights and thresholds are exposed as inputs so that the model is auditable and tunable. The contribution is not the detection but the explicit, transparent scoring layer that lets traders rank sweeps rather than treat them as uniformly meaningful. How it works Pivots are tracked with the standard pivot-high and pivot-low primitives using a user-configurable symmetric left/right lookback. The most recently confirmed swing high and swing low are held in memory. A bullish sweep registers when the current bar's low prints below the most recent swing low and the current close finishes above it. A bearish sweep is the symmetric case. A wick-to-body ratio gate filters trivial events where the rejection wick is too small relative to the candle body. Signal evaluation is gated by barstate.isconfirmed, so signals only finalize at bar close. When a sweep is detected, the six factors below are computed. 1. Wick rejection strength. The size of the rejection wick on the sweep candle relative to the candle body. A larger wick relative to body indicates a more decisive intrabar rejection of the swept level. Scaled by the user's minimum acceptable wick-to-body ratio. 2. Relative volume. The rolling percentile rank of the sweep bar's volume within a configurable lookback (default 100 bars). Sweeps occurring on volume in the upper percentiles score higher than sweeps on quiet bars. 3. Failed-break decisiveness. The distance between the swept pivot and the close, expressed in ATR units. A close that recovers a full ATR back inside the prior range scores higher than a marginal recovery. 4. Higher-timeframe level proximity. The distance between the close and the nearest of the prior higher-timeframe bar's high or low, expressed in ATR units. Sweeps near a major higher-timeframe level score higher than sweeps at intra-range pivots. 5. Follow-through confirmation. The bar immediately after the sweep is inspected. A directionally consistent follow-through (a green bar after a bullish sweep, a red bar after a bearish sweep) earns full credit. Because this factor requires the next bar, the composite is finalized one bar after the sweep candle and the grade label is drawn on the follow-through bar, not on the sweep bar itself. This is documented behaviour, not a defect. 6. Regime penalty. Computed from ADX and the EMA-50 / EMA-200 alignment. When a sweep occurs against the direction of a strongly trending market (ADX above the user threshold and the sweep direction conflicts with the EMA alignment), a fixed user-configurable penalty is subtracted from the composite. A bullish sweep in a strong downtrend is structurally the same pattern as a bullish sweep in a balanced range, but the prior probability of follow-through differs. The penalty makes that difference visible in the score. The composite is the weighted average of factors 1 through 5, with factor 6 applied as a post-weighting deduction. Tier mapping: A+ : score 90 or higher A : score 80 to 89 B : score 70 to 79 C : score 60 to 69 D : score 50 to 59 Weak : below 50 Repainting and data integrity All sweep detection, scoring, label placement, and alert triggers are gated by barstate.isconfirmed. Signals do not appear or change intrabar. The higher-timeframe level is fetched with request.security() using the prior-bar source (high and low ) together with the barmerge.lookahead_on flag. This combination is the established non-repainting form for higher-timeframe reads: the index requests the value from the prior higher-timeframe bar, and the lookahead flag ensures that value is returned consistently in both historical and real-time evaluation. This pattern does not access future data. It returns the last confirmed higher-timeframe bar's extremes, which are already history at the moment they are read. How to read the chart A small triangle is plotted at the sweep bar itself: below the bar for bullish sweeps, above the bar for bearish sweeps. This marks the detection event. A directional grade label is drawn on the next bar (the follow-through bar), with text showing the letter grade and the numeric composite score. The label color shifts on a red-to-green gradient based on the score. A configurable dashboard panel shows the most recent sweep's direction, each of the six sub-factor scores with gradient cells, the regime-penalty status, the composite score, and the letter grade. All sub-scores are also output as hidden plots so that they are accessible from the Data Window and may be referenced in alert messages. Inputs Inputs are grouped into five sections. Core Settings : swing pivot lookback, minimum wick-to-body ratio, ATR length, volume percentile lookback. Filters : higher-timeframe reference, ADX length and threshold for the regime check, regime-penalty enable toggle. Score Tuning : a 0 to 1 weight for each of the five positive factors and the regime-penalty magnitude in points. Visual Settings : panel position, panel size, label cap, marker and label toggles. Any Alert() function call conditions : per-signal boolean toggles to enable individual alerts. Alerts Six alert conditions are provided: A+ Setup, A Setup, B Setup, Bullish Sweep with quality at or above 70, Bearish Sweep with quality at or above 70, and Any Sweep with score at or above 80. Each alert is declared via alertcondition() for native TradingView alert configuration and is also fired programmatically through alert() when its corresponding input toggle is enabled. All programmatic alerts use alert.freq_once_per_bar_close to prevent intrabar re-triggers. The alertcondition() message templates include {{ticker}}, {{interval}}, and {{close}} placeholders for webhook integrations. How to use this script This script is a quality filter for reversal-style entries. It is not a complete trading system. Identify a discretionary or systematic reversal context — a higher-timeframe level retest, a range extreme, a divergence, or any structure already in your plan. Wait for a sweep marker to print. Read the dashboard at bar close on the follow-through bar. Treat B-grade or better as candidate setups. Treat C and Weak as information only. If the regime-penalty row indicates the sweep is fighting a strong trend, weight the signal toward "pullback rejection inside a continuing trend" rather than "trend reversal." Position sizing, stop placement, and target selection remain entirely the user's responsibility. Limitations and honest caveats The composite score is a heuristic evidence weighting. It is not a statistically calibrated probability. An A grade means a sweep has more of the listed evidence factors than a C grade. It does not imply a specific likelihood of follow-through. Pivot detection has inherent right-bar confirmation lag. A swing pivot is only confirmed after the configured right lookback has elapsed. The higher-timeframe proximity factor uses only the prior higher-timeframe bar's high and low. Other structurally relevant levels — anchored VWAPs, weekly opens, user-marked supply or demand, prior session highs and lows — are not part of this factor. The regime penalty uses ADX, which is a lagging measure of trend strength and will not flag fast regime shifts immediately. The grade label is drawn one bar after the sweep bar by design (see factor 5 above). Traders who require the label on the sweep bar itself should be aware that this would mean publishing a score before the follow-through evidence exists. The script is an indicator, not a strategy. It does not size positions, manage stops, or backtest entries. Disclaimer This script is published for informational and educational purposes. It is not investment advice and is not a recommendation to buy or sell any instrument. Past appearance of any pattern, including high-grade sweep setups, does not guarantee future behaviour. Users are solely responsible for their own trading decisions and risk management.
อินดิเคเตอร์ Pine Script®
โดย tradedots
Trendline Breakouts With Volume Strength [TradeDots]Trendline Breakouts With Volume Strength is an innovative indicator designed to identify potential market turning points using pivot-based trendline detection and volume confirmation. By merging dynamic trendline analysis with multi-tiered volume filters, this tool helps traders quickly spot breakouts or breakdowns that may signal significant shifts in price action. 📝 HOW IT WORKS 1. Pivot-Based Trendline Detection The script automatically scans for recent pivot highs and lows over a user-defined lookback period. When it finds higher pivot lows, it plots green uptrend lines; when it finds lower pivot highs, it plots red downtrend lines. These dynamic lines update as new pivots form, providing continuously refreshed trend guidance.
 2. Volume Ratio Analysis A moving average of volume is compared against the current bar’s volume to calculate a ratio (e.g., 1.5×, 2×). Higher ratios suggest above-average volume, often interpreted as stronger participation. The script applies color-coded cues to highlight the intensity of volume surges. 3. Breakout & Breakdown Detection Each trendline is monitored for a defined “break threshold,” which helps avoid minor penetrations that can trigger premature signals. When price closes beyond a threshold below an uptrend line, the indicator labels it a “BREAKDOWN.” If it closes above a threshold on a downtrend line, it labels it a “BREAKOUT.” Volume surges accompanying these breaks are highlighted with contextual emojis and distinct color gradients for quick visual reference. 4. Trend Direction Table A small on-chart table provides a snapshot of the current market trend—Uptrend, Downtrend, or Sideways—based on a simple moving average slope and the number of active uptrend or downtrend lines. This table also displays quick stats on how many lines are actively tracked, helping traders assess the broader market posture at a glance. 🛠️ HOW TO USE 1. Choose a Timeframe This script works on multiple timeframes. Intraday traders can monitor minute or hourly charts for frequent pivot updates, while swing and position traders may prefer daily or weekly intervals to reduce noise.
 2. Observe Trendlines & Labels Watch for newly drawn green/red lines connecting pivots. When you see a “BREAKOUT” or “BREAKDOWN” label, confirm whether volume was abnormally high based on the ratio or color-coded bars.
 3. Consult the Trend Table Use the table in the bottom-right corner to quickly check if the market is trending or range-bound. Look at the count of active uptrend vs. downtrend lines to gauge broader sentiment. 4. Employ Additional Analysis Combine these signals with other tools (e.g., candlestick patterns, oscillators, or fundamental analysis). Validate potential breakouts using standard techniques like retests or support/resistance checks. ❗️LIMITATIONS Delayed Pivots: Trendlines only adjust once new pivot highs or lows form, which can introduce a slight lag in highly volatile environments. Choppy Markets: Rapid, back-and-forth price moves may produce conflicting trendline signals and frequent breakouts/breakdowns. Volume Data Reliability: Gaps in volume data or unusual market conditions (holidays, low-liquidity sessions) can skew ratio readings. RISK DISCLAIMER Trading any financial instrument involves substantial risk, and this indicator does not guarantee profits or prevent losses. All signals and visual cues are for educational and informational purposes only; past performance does not assure future outcomes. You retain full responsibility for your trading decisions, including proper risk management, position sizing, and the use of additional confirmation methods. Always consider the possibility of losing some or all of your original investment.
อินดิเคเตอร์ Pine Script®
โดย tradedots
4
Options Volatility Strategy Analyzer [TradeDots]The Options Volatility Strategy Analyzer is a specialized tool designed to help traders assess market conditions through a detailed examination of historical volatility, market benchmarks, and percentile-based thresholds. By integrating multiple volatility metrics (including VIX and VIX9D) with color-coded regime detection, the script provides users with clear, actionable insights for selecting appropriate options strategies. 📝 HOW IT WORKS 1. Historical Volatility & Percentile Calculations Annualized Historical Volatility (HV): The script automatically computes the asset’s historical volatility using log returns over a user-defined period. It then annualizes these values based on the chart’s timeframe, helping you understand the asset’s typical volatility profile. Dynamic Percentile Ranks: To gauge where the current volatility level stands relative to past behavior, historical volatility values are compared against short, medium, and long lookback periods. Tracking these percentile ranks allows you to quickly see if volatility is high or low compared to historical norms. 2. Multi-Market Benchmark Comparison VIX and VIX9D Integration: The script tracks market volatility through the VIX and VIX9D indices, comparing them to the asset’s historical volatility. This reveals whether the asset’s volatility is outpacing, lagging, or remaining in sync with broader market volatility conditions. Market Context Analysis: A built-in term-structure check can detect market stress or relative calm by measuring how VIX compares to shorter-dated volatility (VIX9D). This helps you decide if the present environment is risk-prone or relatively stable. 3. Volatility Regime Detection Color-Coded Background: The analyzer assigns a volatility regime (e.g., “High Asset Vol,” “Low Asset Vol,” “Outpacing Market,” etc.) based on current historical volatility percentile levels and asset vs. market ratios. A color-coded background highlights the regime, enabling traders to quickly interpret the market’s mood. Alerts on Regime Changes & Spikes: Automated alerts warn you about any significant expansions or contractions in volatility, allowing you to react swiftly in changing conditions. 4. Strategy Forecast Table Real-Time Strategy Suggestions: At the close of each bar, an on-chart table generates suggested options strategies (e.g., selling premium in high volatility or buying premium in low volatility). These suggestions provide a quick summary of potential tactics suited to the current regime. Contextual Market Data: The table also displays key statistics, such as VIX levels, asset historical volatility percentile, or ratio comparisons, helping you confirm whether volatility conditions warrant more conservative or more aggressive strategies. 🛠️ HOW TO USE 1. Select Your Timeframe: The script supports multiple timeframes. For short-term trading, intraday charts often reveal faster shifts in volatility. For swing or position trading, daily or weekly charts may be more stable and produce fewer false signals. 2. Check the Volatility Regime: Observe the background color and on-chart labels to identify the current regime (e.g., “HIGH ASSET VOL,” “LOW VOL + LAGGING,” etc.). 3. Review the Forecast Table: The table suggests strategy ideas (e.g., iron condors, long straddles, ratio spreads) depending on whether volatility is elevated, subdued, or spiking. Use these as a starting point for designing trades that match your risk tolerance. 4. Combine with Additional Analysis: For optimal results, confirm signals with your broader trading plan, technical tools (moving averages, price action), and fundamental research. This script is most effective when viewed as one component in a comprehensive decision-making process. ❗️LIMITATIONS Directional Neutrality: This indicator analyzes volatility environments but does not predict price direction (up/down). Traders must combine with directional analysis for complete strategy selection. Late or Missed Signals: Since all calculations require a bar to close, sharp intrabar volatility moves may not appear in real-time. False Positives in Choppy Markets: Rapid changes in percentile ranks or VIX movements can generate conflicting or premature regime shifts. Data Sensitivity: Accuracy depends on the availability and stability of volatility data. Significant gaps or unusual market conditions may skew results. Market Correlation Assumptions: The system assumes assets generally correlate with S&P 500 volatility patterns. May be less effective for: Small-cap stocks with unique volatility drivers International stocks with different market dynamics Sector-specific events disconnected from broad market Cryptocurrency-related assets with independent volatility patterns RISK DISCLAIMER Options trading involves substantial risk and is not suitable for all investors. Options strategies can result in significant losses, including the total loss of premium paid. The complexity of options strategies requires thorough understanding of the risks involved. This indicator provides volatility analysis for educational and informational purposes only and should not be considered as investment advice. Past volatility patterns do not guarantee future performance. Market conditions can change rapidly, and volatility regimes may shift without warning. No trading system can guarantee profits, and all trading involves the risk of loss. The indicator's regime classifications and strategy suggestions should be used as part of a comprehensive trading plan that includes proper risk management, directional analysis, and consideration of broader market conditions.
อินดิเคเตอร์ Pine Script®
โดย tradedots
Session-Based Sentiment Oscillator [TradeDots]Track, analyze, and monitor market sentiment across global trading sessions with this advanced multi-session sentiment analysis tool. This script provides session-specific sentiment readings for Asian (Tokyo), European (London), and US (New York) markets, combining price action, volume analysis, and volatility factors into a comprehensive sentiment oscillator. It is an original indicator designed to help traders understand regional market psychology and capitalize on cross-session sentiment shifts directly on TradingView. 📝 HOW IT WORKS 1. Multi-Component Sentiment Engine Price Action Momentum : Calculates normalized price movement relative to recent trading ranges, providing directional sentiment readings. Volume-Weighted Analysis : When volume data is available, incorporates volume flow direction to validate price-based sentiment signals. Volatility-Adjusted Factors : Accounts for changing market volatility conditions by comparing current ATR against historical averages. Weighted Combination : Merges all components using optimized weightings (Price: 1.0, Volume: 0.3, Volatility: 0.2) for balanced sentiment readings. 2. Session-Segregated Tracking Automatic Session Detection : Precisely identifies active trading sessions based on user-configured time parameters. Independent Calculations : Maintains separate sentiment accumulation for each major session, updated only during respective active hours. Historical Preservation : Stores session-specific sentiment values even when sessions are closed, enabling cross-session comparison. Real-Time Updates : Continuously processes sentiment during active sessions while preserving inactive session data. 3. Cross-Session Transition Analysis Sentiment Differential Detection : Monitors sentiment changes when transitioning between trading sessions. Configurable Thresholds : Generates signals only when sentiment shifts exceed user-defined minimum thresholds. Directional Signals : Provides distinct bullish and bearish transition alerts with visual markers. Smart Filtering : Applies smoothing algorithms to reduce false signals from minor sentiment variations. ⚙️ KEY FEATURES 1. Session-Specific Dashboard Real-Time Status Display : Shows current session activity (ACTIVE/CLOSED) for all three major sessions. Sentiment Percentages : Displays precise sentiment readings as percentages for easy interpretation. Strength Classification : Automatically categorizes sentiment as HIGH (>50%), MEDIUM (20-50%), or LOW (<20%). Customizable Positioning : Place dashboard in any corner with adjustable size options. 2. Advanced Signal Generation Transition Alerts : Triangle markers indicate significant sentiment shifts between sessions. Extreme Conditions : Diamond markers highlight overbought/oversold threshold breaches. Configurable Sensitivity : Adjust signal thresholds from 0.05 to 0.50 based on trading style. Alert Integration : Built-in TradingView alert conditions for automated notifications. 3. Forex Currency Strength Analysis Base/Quote Decomposition : For forex pairs, separates sentiment into individual currency strength components. Major Currency Support : Analyzes USD, EUR, GBP, JPY, CHF, CAD, AUD, NZD strength relationships. Relative Strength Display : Shows which currency is driving pair movement during active sessions. 4. Visual Enhancement System Session Background Colors : Distinct background shading for each active trading session. Overbought/Oversold Zones : Configurable extreme sentiment level visualization with colored zones. Multi-Timeframe Compatibility : Works across all timeframes while maintaining session accuracy. Customizable Color Schemes : Full color customization for dashboard, signals, and plot elements. 🚀 HOW TO USE IT 1. Add the Script Search for "Session-Based Sentiment Oscillator " in the Indicators tab or manually add it to your chart. The indicator will appear in a separate pane below your main chart. 2. Configure Session Times Asian Session : Set Tokyo market hours (default: 00:00-09:00) based on your chart timezone. European Session : Configure London market hours (default: 07:00-16:00) for European analysis. US Session : Define New York market hours (default: 13:00-22:00) for American markets. Timezone Adjustment : Ensure session times match your broker's specifications and account for daylight saving changes. 3. Optimize Analysis Parameters Sentiment Period : Choose 5-50 bars (default: 14) for sentiment calculation lookback period. Smoothing Settings : Select 1-10 bars smoothing (default: 3) with SMA, EMA, or RMA options. Component Selection : Enable/disable volume analysis, price action, and volatility factors based on available data. Signal Sensitivity : Adjust threshold from 0.05-0.50 (default: 0.15) for transition signal generation. 4. Interpret Readings and Signals Positive Values : Indicate bullish sentiment for the active session. Negative Values : Suggest bearish sentiment conditions. Dashboard Status : Monitor which session is currently active and their respective sentiment strengths. Transition Signals : Watch for triangle markers indicating significant cross-session sentiment changes. Extreme Alerts : Note diamond markers when sentiment reaches overbought (>70%) or oversold (<-70%) levels. 5. Set Up Alerts Configure TradingView alerts for: - Bullish session transitions - Bearish session transitions - Overbought condition alerts - Oversold condition alerts ❗️LIMITATIONS 1. Data Dependency Volume Requirements : Volume-based analysis only functions when volume data is provided by your broker. Many forex brokers do not supply reliable volume data. Price Action Focus : In absence of volume data, sentiment calculations rely primarily on price movement and volatility factors. 2. Session Time Sensitivity Manual Adjustment Required : Session times must be manually updated for daylight saving time changes. Broker Variations : Different brokers may have slightly different session definitions requiring time parameter adjustments. 3. Ranging Market Limitations Trend Bias : Sentiment calculations may be less reliable during extended sideways or low-volatility market conditions. Lag Consideration : As with all sentiment indicators, readings may lag during rapid market transitions. 4. Regional Market Focus Major Session Coverage : Designed primarily for major global sessions; may not capture sentiment from smaller regional markets. Weekend Gaps : Does not account for weekend gap effects on sentiment calculations. ⚠️ RISK DISCLAIMER Trading and investing carry significant risk and can result in financial loss. The "Session-Based Sentiment Oscillator " is provided for informational and educational purposes only. It does not constitute financial advice. - Always conduct your own research and analysis - Use proper risk management and position sizing in all trades - Past sentiment patterns do not guarantee future market behavior - Combine this indicator with other technical and fundamental analysis tools - Consider overall market context and your personal risk tolerance This script is an original creation by TradeDots, published under the Mozilla Public License 2.0. Session-based sentiment analysis should be used as part of a comprehensive trading strategy. No single indicator can predict market movements with certainty. Exercise proper risk management and maintain realistic expectations about indicator performance across varying market conditions.
อินดิเคเตอร์ Pine Script®
โดย tradedots
ETF Builder & Backtest System [TradeDots]Create, analyze, and monitor your own custom “ETF-like” portfolio directly on TradingView. This script merges up to 10 different assets with user-defined weightings into a single composite chart, allowing you to see how your personalized portfolio would have performed historically. It is an original tool designed to help traders and investors quickly gauge risk and return profiles without leaving the TradingView platform. 📝 HOW IT WORKS 1. Custom Portfolio Construction Multiple Assets : Combine up to 10 different stocks, ETFs, cryptocurrencies, or other symbols. User-Defined Weights : Allocate each asset a percentage weight (e.g., 15% in AAPL, 10% in MSFT, etc.). Single Composite Value : The script calculates a weighted “ETF-style” price, effectively simulating a merged portfolio curve on your chart. 2. Performance Tracking & Return Analysis Automatic History Capture : The indicator records each asset’s starting price when it first appears in your chosen date range. Rolling Updates : As time progresses, all asset prices are continually evaluated and the portfolio value is updated in real time. Buy & Hold Returns : See how each asset—and the overall portfolio—performed from the “start” date to the most recent bar. Annualized Return : Automatically calculates CAGR (Compound Annual Growth Rate) to help visualize performance over varying timescales. 3. Table & Visual Output Performance Table : A comprehensive table displays individual asset returns, annualized returns, and portfolio totals. Normalized Chart Plot : The composite ETF value is scaled to 100 at the start date, making it easy to compare relative growth or decline. Optional Time Filter : You can define a specific date range (Start/End Dates) to focus on a particular period or to limit historical data. ⚙️ KEY FEATURES 1. Flexible Asset Selection Choose any symbols from multiple asset classes. The script will only run calculations when data is available—no need to worry about missing quotes. 2. Dynamic Table Reporting Start Price for each asset Percentage Weight in the portfolio Total Return (%) and Annualized Return (%) 3. Simple Backtesting Logic This script takes a straightforward Buy & Hold perspective. Once the start date is reached, the portfolio remains static until the end date, so you can quickly assess hypothetical growth. 4. Plot Customization Toggle the main “ETF” plot on/off. Alter the visual style for tables and text. Adjust the time filter to limit or extend your performance measurement window. 🚀 HOW TO USE IT 1. Add the Script Search for “ETF Builder & Backtest System ” in the Indicators & Strategies tab or manually add it to your chart after saving it in your Pine Editor. 2. Configure Inputs Enable Time Filter : Choose whether to restrict the analysis to a particular date range. Start & End Date : Define the period you want to measure performance over (e.g., from 2019-12-31 to 2025-01-01). Assets & Weights : Enter each symbol and specify a percentage weight (up to 10 assets). Display Options : Pick where you want the Table to appear and choose background/text colors. 3. Interpret the Table & Plots Asset Rows : Each asset’s ticker, weighting, start price, and performance metrics. ETF Total Row : Summarizes total weighting, composite starting value, and overall returns. Normalized Plot : Tracks growth/decline of the combined portfolio, starting at 100 on the chart. 4. Refine Your Strategy Compare how different weights or a new mix of assets would have performed over the same period. Assess if certain assets contribute disproportionately to your returns or volatility. Use the results to guide allocations in your real trading or paper trading accounts. ❗️LIMITATIONS 1. Buy & Hold Only This script does not handle rebalancing or partial divestments. Once the portfolio starts, weights remain fixed throughout the chosen timeframe. 2. No Reinvestment Tracking Dividends or other distributions are not factored into performance. 3. Data Availability If historical data for a particular asset is unavailable on TradingView, related results may display as “N/A.” 4. Market Regimes & Volatility Past performance does not guarantee similar future behavior. Markets can change rapidly, which may render historical backtests less predictive over time. ⚠️ RISK DISCLAIMER Trading and investing carry significant risk and can result in financial loss. The “ETF Builder & Backtest System ” is provided for informational and educational purposes only. It does not constitute financial advice. Always conduct your own research. Use proper risk management and position sizing. Past performance does not guarantee future results. This script is an original creation by TradeDots, published under the Mozilla Public License 2.0. Use this indicator as part of a broader trading or investment approach—consider fundamental and technical factors, overall market context, and personal risk tolerance. No trading tool can assure profits; exercise caution and responsibility in all financial decisions.
อินดิเคเตอร์ Pine Script®
โดย tradedots
1
The Bar Counter Trend Reversal Strategy [TradeDots]Overview The Bar Counter Trend Reversal Strategy is designed to identify potential counter-trend reversal points in the market after a series of consecutive rising or falling bars. By analyzing price movements in conjunction with optional volume confirmation and channel bands (Bollinger Bands or Keltner Channels), this strategy aims to detect overbought or oversold conditions where a trend reversal may occur. 🔹How it Works Consecutive Price Movements Rising Bars: The strategy detects when there are a specified number of consecutive rising bars (No. of Rises). Falling Bars: Similarly, it identifies a specified number of consecutive falling bars (No. of Falls). Volume Confirmation (Optional) When enabled, the strategy checks for increasing volume during the consecutive price movements, adding an extra layer of confirmation to the potential reversal signal. Channel Confirmation (Optional) Channel Type: Choose between Bollinger Bands ("BB") or Keltner Channels ("KC"). Channel Interaction: The strategy checks if the price interacts with the upper or lower channel lines: For short signals, it looks for price moving above the upper channel line. For long signals, it looks for price moving below the lower channel line. Customization: No. of Rises/Falls: Set the number of consecutive bars required to trigger a signal. Volume Confirmation: Enable or disable volume as a confirmation factor. Channel Confirmation: Enable or disable channel bands as a confirmation factor. Channel Settings: Adjust the length and multiplier for the Bollinger Bands or Keltner Channels. Visual Indicators: Entry Signals: Triangles plotted on the chart indicate potential entry points: Green upward triangle for long entries. Red downward triangle for short entries. Channel Bands: The upper and lower bands are plotted for visual reference. Strategy Parameters: Initial Capital: $10,000. Position Sizing: 80% of equity per trade. Commission: 0.01% per trade to simulate realistic trading costs. 🔹Usage Set up the number of Rises/Falls and choose whether if you want to use channel indicators and volume as the confirmation. Monitor the chart for triangles indicating potential entry points. Consider the context of the overall market trend and other technical factors. Backtesting and Optimization: Use TradingView's Strategy Tester to evaluate performance. Adjust parameters to optimize results for different market conditions. 🔹 Considerations and Recommendations Risk Management: The strategy does not include built-in stop-loss or take-profit levels. It's recommended to implement your own risk management techniques. Market Conditions: Performance may vary in different market environments. Testing and adjustments are advised when applying the strategy to new instruments or timeframes. No Guarantee of Future Results: Past performance is not indicative of future results. Always perform due diligence and consider the risks involved in trading.
กลยุทธ์ Pine Script®
โดย tradedots
3
Price & Volume Breakout Fibonacci Probability [TradeDots]📝 OVERVIEW The "Price & Volume Breakout Fibonacci Probability" indicator is designed to detect the probability of the maximum run-up and drawdown of each breakout trade on an asset, assisting traders in optimizing their take profit and stop loss strategies. 🧮 CALCULATIONS The algorithm detects price and volume breakouts to activate the Fibonacci levels displayed on the chart. It calculates these levels using the period pivot high and low, with the close price of the breakout bar as the reference price. The indicator then forward-tests within an user-selected number of bars, detecting the maximum run-up and drawdown during that period. Consequently, it calculates the probability of the price hitting either side of the Fibonacci levels, showing the likelihood of reaching take profit and stop loss targets for each breakout trade. 📊 EXAMPLE The above example shows two breakout trades, circled within the yellow rectangle zone. The first trade has a maximum run-up above the +0.382 Fibonacci level zone and a maximum drawdown below the -0.618 Fibonacci level zone. When the price reaches the maximum run-up, it only has a ~45% probability of moving further upward into the last two zones (25% + 19.44%). This indicates that setting a take profit at a higher level may have less than a 50% chance of success. Conversely, when the price reaches its maximum drawdown, there is only an ~8% probability of moving further downward into the last drawdown zone. This could indicate a potential reversal. ⚙️ SETTINGS Breakout Condition: Determines the type of breakout condition to track: "Price", "Volume", "Price & Volume". Backtest Period: The maximum run-up and drawdown are detected within this bar period. Price Breakout Period: Specifies the number of bars the price needs to break out from. Volume Breakout Period: Specifies the number of bars the volume needs to break out from. Trendline Confirmation: Confirms that the close price needs to be above the trendline. 📈 HOW TO USE By understanding the probabilities of price movements to both the upside and downside, traders can set take profit and stop loss targets with greater accuracy. For instance, placing a stop loss order below the zone with the highest probability minimizes the chances of being stopped out of a profitable trade. Conversely, setting a take profit target at the zone with the highest probability increases the win rate. Additionally, if the price breaches multiple Fibonacci levels during the breakout period, it may indicate an abnormal state, signaling a potential reversal or pullback. This can help traders exit trades in a timely manner. Traders can adjust their take profit and stop loss levels based on their individual risk tolerance. RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
อินดิเคเตอร์ Pine Script®
โดย tradedots
5
Buffett Valuation Indicator [TradeDots]The Buffett Valuation Indicator (also known as the Buffett Index or Buffett Ratio) measures the ratio of the total United States stock market to GDP. This indicator helps determine whether the valuation changes in US stocks are justified by the GDP level. For example, the ratio is calculated based on the standard deviations from the historical trend line. If the value exceeds +2 standard deviations, it suggests that the stock market is overvalued relative to GDP, and vice versa. This "Buffett Valuation Indicator" is an enhanced version of the original indicator. It applies a Bollinger Band over the Valuation/GDP ratio to identify overvaluation and undervaluation across different timeframes, making it efficient for use in smaller timeframes, e.g. daily or even hourly intervals. HOW DOES IT WORK The Buffett Valuation Indicator measures the ratio between US stock valuation and US GDP, evaluating whether stock valuations are overvalued or undervalued in GDP terms. In this version, the total valuation of the US stock market is represented by considering the top 10 market capitalization stocks. Users can customize this list to include other stocks for a more balanced valuation ratio. Alternatively, users may use S&P 500 ETFs, such as SPY or VOO, as inputs. The ratio is plotted as a line chart in a separate panel below the main chart. A Bollinger Band with a default 100-period and multiples of 1 and 2 is used to identify overvaluation and undervaluation. For instance, if the ratio line moves above the +2 standard deviation line, it indicates that stocks are overvalued, signaling a potential selling opportunity. APPLICATION When the indicator is applied to a chart, we observe the ratio line's movements relative to the standard deviation lines. The further the line deviates from the standard deviation lines, the more extreme the overvaluation or undervaluation. We look for buying opportunities when the Buffett Index moves below the first and second standard deviation lines and sell opportunities when it moves above these lines. This indicator is used as a microeconomic confirmation tool, in combination with other indicators, to achieve higher win-rate setups. RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
อินดิเคเตอร์ Pine Script®
โดย tradedots
Chande Momentum Oscillator (CMO) Buy Sell Strategy [TradeDots]The "Chande Momentum Oscillator (CMO) Buy Sell Strategy" leverages the CMO indicator to identify short-term buy and sell opportunities. HOW DOES IT WORK The standard CMO indicator measures the difference between recent gains and losses, divided by the total price movement over the same period. However, this version of the CMO has some limitations. The primary disadvantage of the original CMO is its responsiveness to short-term volatility, making the signals less smooth and more erratic, especially in fluctuating markets. This instability can lead to misleading buy or sell signals. To address this, we integrated the concept from the Moving Average Convergence Divergence (MACD) indicator. By applying a 9-period exponential moving average (EMA) to the CMO line, we obtained a smoothed signal line. This line acts as a filter, identifying confirmed overbought or oversold states, thereby reducing the number of false signals. Similar to the MACD histogram, we generate columns representing the difference between the CMO and its signal line, reflecting market momentum. We use this momentum indicator as a criterion for entry and exit points. Trades are executed when there's a convergence of CMO and signal lines during an oversold state, and they are closed when the CMO line diverges from the signal line, indicating increased selling pressure. APPLICATION Since the 9-period EMA smooths the CMO line, it's less susceptible to extreme price fluctuations. However, this smoothing also makes it more challenging to breach the original +50 and -50 benchmarks. To increase trading opportunities, we've tightened the boundary ranges. Users can customize the target benchmark lines in the settings to adjust for the volatility of the underlying asset. The 'cool down period' is essentially the number of bars that await before the next signal generation. This feature is employed to dodge the occurrence of multiple signals in a short period. DEFAULT SETUP Commission: 0.01% Initial Capital: $10,000 Equity per Trade: 80% Signal Cool Down Period: 5 RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
กลยุทธ์ Pine Script®
โดย tradedots
2
Triple EMA + QQE Trend Following Strategy [TradeDots]The "Triple EMA + QQE Trend Following Strategy" harnesses the power of two sophisticated technical indicators, the Triple Exponential Moving Average (TEMA) and the Qualitative Quantitative Estimation (QQE), to generate precise buy and sell signals. This strategy excels in capturing shifts in trends by identifying short-term price momentum and dynamic overbought or oversold conditions. HOW IT WORKS This strategy integrates two pivotal indicators: Triple Exponential Moving Average (TEMA): TEMA enhances traditional moving averages by reducing lag and smoothing the data more effectively. It achieves this by applying the EMA formula three times onto the price, as follows: tema(src, length) => ema1 = ta.ema(src, length) ema2 = ta.ema(ema1, length) ema3 = ta.ema(ema2, length) tema = 3*ema1 - 3*ema2 + ema3 This computation helps to sharpen the sensitivity to price movements. Qualitative Quantitative Estimation (QQE): The QQE indicator improves upon the standard RSI by incorporating a smoothing mechanism. It starts with the standard RSI, overlays a 5-period EMA on this RSI, and then enhances the result using a double application of a 27-period EMA. A slow trailing line is then derived by multiplying the result with a factor number. This approach establishes a more refined and less jittery trend-following signal, complementing the TEMA to enhance overall market timing during fluctuating conditions. APPLICATION Referenced from insights on "Trading Tact," the strategy implementation follows: First of all, we utilize two TEMA lines: one set at a 20-period and the other at a 40-period. Then following the rules below: 40-period TEMA is rising 20-period TEMA is above 40-period TEMA Price closes above 20-period TEMA Today is not Monday RSI MA crosses the Slow trailing line This strategy does not employ an active take profit mechanism; instead, it utilizes a trailing stop loss to allow the price to reach the stop loss naturally, thereby maximizing potential profit margins. DEFAULT SETUP Commission: 0.01% Initial Capital: $10,000 Equity per Trade: 80% Users are advised to adjust and personalize this trading strategy to better match their individual trading preferences and style. RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results. Reference: Trading Tact. What Is the QQE Indicator? Retrieved from: tradingtact.com
กลยุทธ์ Pine Script®
โดย tradedots
Kaufman Adaptive Moving Average (KAMA) Strategy [TradeDots]"The Kaufman Adaptive Moving Average (KAMA) Strategy" is a trend-following system that leverages the adaptive qualities of the Kaufman Adaptive Moving Average (KAMA). This strategy is distinguished by its ability to adjust dynamically to market volatility, enhancing trading accuracy by minimizing the effects of false and delayed signals often associated with the Simple Moving Average (SMA). HOW IT WORKS This strategy is centered around use of the Kaufman Adaptive Moving Average (KAMA) indicator, which refines the principles of the Exponential Moving Average (EMA) with a superior smoothing technique. KAMA distinguishes itself by its responsiveness to changes in market prices through an "Efficiency Ratio (ER)." This ratio is computed by dividing the recent absolute net price change by the cumulative sum of the absolute price changes over a specified period. The resulting ER value ranges between 0 and 1, where 0 indicates high market noise and 1 reflects stronger market momentum. Using ER, we could get the smoothing constant (SC) for the moving average derived using the following formula: fastest = 2/(fastma_length + 1) slowest = 2/(slowma_length + 1) SC = math.pow((ER * (fastest-slowest) + slowest), 2) The KAMA line is then calculated by applying the SC to the difference between the current price and the previous KAMA. APPLICATION For entering long positions, this strategy initializes when there is a sequence of 10 consecutive rising KAMA lines. Conversely, a sequence of 10 consecutive falling KAMA lines triggers sell orders for long positions. The same logic applies inversely for short positions. DEFAULT SETUP Commission: 0.01% Initial Capital: $10,000 Equity per Trade: 80% Users are advised to adjust and personalize this trading strategy to better match their individual trading preferences and style. RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
กลยุทธ์ Pine Script®
โดย tradedots
1
Trend Following Parabolic Buy Sell Strategy [TradeDots]The Trend Following Parabolic Buy-Sell Strategy leverages the Parabolic SAR in combination with moving average crossovers to deliver buy and sell signals within a trend-following framework. This strategy synthesizes proven methodologies sourced from various trading tutorials available on platforms such as YouTube and blogs, enabling traders to conduct robust backtesting on their selected trading pairs to assess the strategy's effectiveness. HOW IT WORKS This strategy employs four key indicators to orchestrate its trading signals: 1. Trend Alignment: It first assesses the relationship between the price and the predominant trendline to determine the directional stance—taking long positions only when the price trends above the moving average, signaling an upward market trajectory. 2. Momentum Confirmation: Subsequent to trend alignment, the strategy looks for moving average crossovers as a confirmation that the price is gaining momentum in the direction of the intended trades. 3. Signal Finalization: Finally, buy or sell signals are validated using the Parabolic SAR indicator. A long order is validated when the closing price is above the Parabolic SAR dots, and similarly, conditions are reversed for short orders. 4. Risk Management: The strategy institutes a fixed stop-loss at the moving average trendline and a take-profit level determinable by a prefixed risk-reward ratio calculated from the moving average trendline. These parameters are customizable by the users within the strategy settings. APPLICATION Designed for assets exhibiting pronounced directional momentum, this strategy aims to capitalize on clear trend movements conducive to achieving set take-profit targets. As a lagging strategy that waits for multiple confirmatory signals, entry into trades might occasionally lag beyond optimal timing. Furthermore, in periods of consolidation or sideways movement, the strategy may generate several false signals, suggesting the potential need for additional market condition filters to enhance signal accuracy during volatile phases. DEFAULT SETUP Commission: 0.01% Initial Capital: $10,000 Equity per Trade: 70% Users are advised to adjust and personalize this trading strategy to better match their individual trading preferences and style. RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
กลยุทธ์ Pine Script®
โดย tradedots
2
Price and Volume Breakout Buy Strategy [TradeDots]The "Price and Volume Breakout Buy Strategy" is a trading strategy designed to identify buying opportunities by detecting concurrent price and volume breakouts over a specified range of candlesticks. This strategy is optimized for assets demonstrating high volatility and significant momentum spikes. HOW IT WORKS The strategy first takes the specific number of candlesticks as the examination window for both price and volume. These values are used as benchmarks to identify breakout conditions. A trade is initiated when both the closing price and the trading volume surpass the maximum values observed within the predetermined window. Price must be above a designated moving average, serving as the trend indicator, ensuring that all trades align with the prevailing market trend. APPLICATION This strategy is particularly effective for highly volatile assets such as Bitcoin and Ethereum, capitalizing on the cues from sudden price and volume breakouts indicative of significant market movement, often driven by market smart money traders. However, for broader markets like the S&P 500, this strategy may be less effective due to less pronounced volume and price shifts compared to the cryptocurrency markets. DEFAULT SETUP Commission: 0.01% Initial Capital: $10,000 Equity per Trade: 70% Backtest result sometimes gives fewer than 100 trades under certain higher timeframes, as most trades tend to have a long holding period. Entry conditions are also more stringent, which, combined with the relatively brief history of cryptocurrencies, results in fewer trades on longer timeframes. Users are advised to adjust and personalize this trading strategy to better match their individual trading preferences and style. RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
กลยุทธ์ Pine Script®
โดย tradedots
41
Tic Tac Toe Game [TradeDots]Feeling bored with trading? Time to inject some fun into your decision-making process with our Tic Tac Toe Indicator! The Tic Tac Toe game transforms your chart into a competitive playground where trading pairs face off in a classic game of Tic Tac Toe. HOW TO PLAY Our Tic Tac Toe game invites you to pit one trading pair against another directly on your chart. Choose the competitors and watch as they battle it out in a traditional grid setup. Navigate to settings and select your competitor pair. Choose who kicks off the game. After the close of each new bar, the algorithm will utilize the closing prices of both symbols. These numbers feed into a random number generator which alternates the turns for placing marks on the grid. The game progresses until one pair aligns three consecutive symbols and wins, or the board fills up. After that, the game resets every three bars, offering continual engagement during active market hours. MANUAL PLAYING MODE Currently, due to PineScript's limitations, a fully interactive manual mode is not supported, as all previous data will be lost with each new user input, preventing the replication of existing game states. However, users can input a sequence at the start, guiding the placement of symbols throughout the game. Stay tuned for future updates!
อินดิเคเตอร์ Pine Script®
โดย tradedots
Alligator + MA Trend Catcher [TradeDots]The "Alligator + MA Trend Catcher" is a trading strategy that integrates the William Alligator indicator with a Moving Average (MA) to establish robust entry and exit conditions, optimized for capturing trends. HOW IT WORKS This strategy combines the traditional William Alligator set up with an additional Moving Average indicator for enhanced trend confirmation, creating a user-friendly backtesting tool for traders who prefer the Alligator method. The original Alligator strategy can frequently present fluctuations, even in well-established trends, leading to potentially premature exits. To mitigate this, we incorporate a Moving Average as a secondary confirmation measure to ensure the market trend has indeed shifted. Here’s the operational flow for long orders: Entry Signal: When the price rises above the Moving Average, it confirms a bullish market state. Enter if Alligator spread in an upward direction. The trade remains active even if the Alligator indicator suggests a trend reversal. Exit Signal: The position is closed when the price falls below the Moving Average, and the Alligator spreads in the downward direction. This setup helps traders to maintain positions through the entirety of the trend for maximum gain. APPLICATION This strategy is tailored for assets with significant, well-defined trends, such as Bitcoin and Ethereum, which are known for their high volatility and substantial price movements. This strategy offers a low win-rate but high reward configuration, making asset selection critical for long-term profitability. If you choose assets that lack strong price momentum, there's a high chance that this strategy may not be effective. For traders seeking to maximize gains from large trends without exiting prematurely, this strategy provides an aggressive yet controlled approach to riding out substantial market waves. DEFAULT SETUP Commission: 0.01% Initial Capital: $10,000 Equity per Trade: 80% RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
กลยุทธ์ Pine Script®
โดย tradedots
Multi Timeframe Trend Screener [TradeDots]The "Multi Timeframe Trend Screener" is a trading indicator designed to assist traders in identifying the market trends of multiple assets within a single panel. This tool is invaluable for detecting shifts in trends, enabling traders to easily adjust their strategies under different market conditions. HOW DOES IT WORK Upon initialization, the indicator requires users to input two key pieces of information: The assets to be monitored. The timeframes to be analyzed. The tool is capable of simultaneously tracking up to four assets across five distinct timeframes. By specifying the type and length of the moving average, the indicator uses this data as a baseline to determine the current market trend. A price movement below the moving average triggers a downward trend symbol (📉), indicating bearish conditions. Conversely, a movement above the moving average displays an upward trend symbol (📈), signaling bullish conditions. The aggregation of moving averages across various timeframes provides a comprehensive view of the overall market sentiment. APPLICATION In scenarios where the market consistently demonstrates an upward trend, each timeframe will display a bullish symbol. Shifts in market sentiment typically start in the shorter timeframes and can progressively affect longer ones if the trend continues. This cascading effect allows the indicator to show all timeframes transitioning to a bearish orientation when the trend reverses. The indicator also facilitates comparison between different assets. For assets with high correlation, a trend shift in one can often predict similar movements in correlated assets, thus allowing traders to swiftly adapt their strategies to align with new market conditions. RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
อินดิเคเตอร์ Pine Script®
โดย tradedots
Multi Timeframe RSI Buy Sell Strategy [TradeDots]The "Multi Timeframe RSI Buy/Sell Strategy" is a trading strategy that utilizes Relative Strength Index (RSI) indicators from multiple timeframes to provide buy and sell signals. This strategy allows for extensive customization, supporting up to three distinct RSIs, each configurable with its own timeframe, length, and data source. HOW DOES IT WORK This strategy integrates up to three RSIs, each selectable from different timeframes and customizable in terms of length and source. Users have the flexibility to define the number of active RSIs. These selections visualize as plotted lines on the chart, enhancing interpretability. Users can also manage the moving average of the selected RSI lines. When multiple RSIs are active, the moving average is calculated based on these active lines' average value. The color intensity of the moving average line changes as it approaches predefined buying or selling thresholds, alerting users to potential signal generation. A buy or sell signal is generated when all active RSI lines simultaneously cross their respective threshold lines. Concurrently, a label will appear on the chart to signify the order placement. For those preferring not to display order information or activate the strategy, an "Enable backtest" option is provided in the settings for toggling activation. APPLICATION The strategy leverages multiple RSIs to detect extreme market conditions across various timeframes without the need for manual timeframe switching. This feature is invaluable for identifying divergences across timeframes, such as detecting potential short-term reversals within broader trends, thereby aiding traders in making better trading decisions and potentially avoiding losses. DEFAULT SETUP Commission: 0.01% Initial Capital: $10,000 Equity per Trade: 60% RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results. TradeDots Stochastic Z-Score
กลยุทธ์ Pine Script®
โดย tradedots
9
Stochastic Z-Score Oscillator Strategy [TradeDots]The "Stochastic Z-Score Oscillator Strategy" represents an enhanced approach to the original "Buy Sell Strategy With Z-Score" trading strategy. Our upgraded Stochastic model incorporates an additional Stochastic Oscillator layer on top of the Z-Score statistical metrics, which bolsters the affirmation of potential price reversals. We also revised our exit strategy to when the Z-Score revert to a level of zero. This amendment gives a much smaller drawdown, resulting in a better win-rate compared to the original version. HOW DOES IT WORK The strategy operates by calculating the Z-Score of the closing price for each candlestick. This allows us to evaluate how significantly the current price deviates from its typical volatility level. The strategy first takes the scope of a rolling window, adjusted to the user's preference. This window is used to compute both the standard deviation and mean value. With these values, the strategic model finalizes the Z-Score. This determination is accomplished by subtracting the mean from the closing price and dividing the resulting value by the standard deviation. Following this, the Stochastic Oscillator is utilized to affirm the Z-Score overbought and oversold indicators. This indicator operates within a 0 to 100 range, so a base adjustment to match the Z-Score scale is required. Post Stochastic Oscillator calculation, we recalibrate the figure to lie within the -4 to 4 range. Finally, we compute the average of both the Stochastic Oscillator and Z-Score, signaling overpriced or underpriced conditions when the set threshold of positive or negative is breached. APPLICATION Firstly, it is better to identify a stable trading pair for this technique, such as two stocks with considerable correlation. This is to ensure conformance with the statistical model's assumption of a normal Gaussian distribution model. The ideal performance is theoretically situated within a sideways market devoid of skewness. Following pair selection, the user should refine the span of the rolling window. A broader window smoothens the mean, more accurately capturing long-term market trends, while potentially enhancing volatility. This refinement results in fewer, yet precise trading signals. Finally, the user must settle on an optimal Z-Score threshold, which essentially dictates the timing for buy/sell actions when the Z-Score exceeds with thresholds. A positive threshold signifies the price veering away from its mean, triggering a sell signal. Conversely, a negative threshold denotes the price falling below its mean, illustrating an underpriced condition that prompts a buy signal. Within a normal distribution, a Z-Score of 1 records about 68% of occurrences centered at the mean, while a Z-Score of 2 captures approximately 95% of occurrences. The 'cool down period' is essentially the number of bars that await before the next signal generation. This feature is employed to dodge the occurrence of multiple signals in a short period. DEFAULT SETUP The following is the default setup on EURAUD 1h timeframe Rolling Window: 80 Z-Score Threshold: 2.8 Signal Cool Down Period: 5 Stochastic Length: 14 Stochastic Smooth Period: 7 Commission: 0.01% Initial Capital: $10,000 Equity per Trade: 40% FURTHER IMPLICATION The Stochastic Oscillator imparts minimal impact on the current strategy. As such, it may be beneficial to adjust the weightings between the Z-Score and Stochastic Oscillator values or the scale of Stochastic Oscillator to test different performance outcomes. Alternative momentum indicators such as Keltner Channels or RSI could also serve as robust confirmations of overbought and oversold signals when used for verification. RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
กลยุทธ์ Pine Script®
โดย tradedots
1
Sector Rotation Hedging With Volatility Index [TradeDots]The "Sector Rotation Hedging Strategy With Volatility Index" is a comprehensive trading indicator developed to optimally leverage the S&P500 volatility index. It is designed to switch between distinct ETF sectors, strategically hedging to moderate risk exposure during harsh market volatility. HOW DOES IT WORK The core of this indicator is grounded on the S&P500 volatility index (VIX) close price and its 60-day moving average. This serves to determine whether the prevailing market volatility is above or below the quarterly average. In periods of elevated market volatility, risk exposure escalates significantly. Traders retaining stocks in sectors with disproportionately high volatility face increased vulnerability to negative returns. To tackle this, our indicator employs a two-pronged approach utilizing two sequential candlestick close prices to confirm if volatility surpasses the average value. Upon confirming above-average volatility, a hedging table is deployed to spotlight ETFs with low volatility, such as the Utilities Select Sector SPDR Fund (XLU), to derisk the overall portfolio. Conversely, in low-volatility conditions, sectors yielding higher returns like the Technology Select Sector SPDR Fund (XLK) are preferred. The hedging table is utilized to earmark high-return sector ETFs. Thus, during highly volatile market periods, the strategy recommends enhancing portfolio allocation to low-volatility ETFs. During low-volatility windows, the portfolio is calibrated towards high-volatility ETFs for heightened returns. IMPORTANT CONSIDERATION In real trading, additional considerations encompassing trading commissions, management fees, and ancillary rotation costs should be factored in. False signals may arise, potentially leading to losses from these fees. RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
อินดิเคเตอร์ Pine Script®
โดย tradedots
2
Buy Sell Strategy With Z-Score [TradeDots]The "Buy Sell Strategy With Z-Score" is a trading strategy that harnesses Z-Score statistical metrics to identify potential pricing reversals, for opportunistic buying and selling opportunities. HOW DOES IT WORK The strategy operates by calculating the Z-Score of the closing price for each candlestick. This allows us to evaluate how significantly the current price deviates from its typical volatility level. The strategy first takes the scope of a rolling window, adjusted to the user's preference. This window is used to compute both the standard deviation and mean value. With these values, the strategic model finalizes the Z-Score. This determination is accomplished by subtracting the mean from the closing price and dividing the resulting value by the standard deviation. This approach provides an estimation of the price's departure from its traditional trajectory, thereby identifying market conditions conducive to an asset being overpriced or underpriced. APPLICATION Firstly, it is better to identify a stable trading pair for this technique, such as two stocks with considerable correlation. This is to ensure conformance with the statistical model's assumption of a normal Gaussian distribution model. The ideal performance is theoretically situated within a sideways market devoid of skewness. Following pair selection, the user should refine the span of the rolling window. A broader window smoothens the mean, more accurately capturing long-term market trends, while potentially enhancing volatility. This refinement results in fewer, yet precise trading signals. Finally, the user must settle on an optimal Z-Score threshold, which essentially dictates the timing for buy/sell actions when the Z-Score exceeds with thresholds. A positive threshold signifies the price veering away from its mean, triggering a sell signal. Conversely, a negative threshold denotes the price falling below its mean, illustrating an underpriced condition that prompts a buy signal. Within a normal distribution, a Z-Score of 1 records about 68% of occurrences centered at the mean, while a Z-Score of 2 captures approximately 95% of occurrences. The 'cool down period' is essentially the number of bars that await before the next signal generation. This feature is employed to dodge the occurrence of multiple signals in a short period. DEFAULT SETUP The following is the default setup on EURUSD 1h timeframe Rolling Window: 80 Z-Score Threshold: 2.8 Signal Cool Down Period: 5 Commission: 0.03% Initial Capital: $10,000 Equity per Trade: 30% RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
กลยุทธ์ Pine Script®
โดย tradedots
8
Price Prediction With Rolling Volatility [TradeDots]The "Price Prediction With Rolling Volatility" is a trading indicator that estimates future price ranges based on the volatility of price movements within a user-defined rolling window. HOW DOES IT WORK This indicator utilizes 3 types of user-provided data to conduct its calculations: the length of the rolling window, the number of bars projecting into the future, and a maximum of three sets of standard deviations. Firstly, the rolling window. The algorithm amasses close prices from the number of bars determined by the value in the rolling window, aggregating them into an array. It then calculates their standard deviations in order to forecast the prospective minimum and maximum price values. Subsequently, a loop is initiated running into the number of bars into the future, as dictated by the second parameter, to calculate the maximum price change in both the positive and negative direction. The third parameter introduces a series of standard deviation values into the forecasting model, enabling users to dictate the volatility or confidence level of the results. A larger standard deviation correlates with a wider predicted range, thereby enhancing the probability factor. APPLICATION The purpose of the indicator is to provide traders with an understanding of the potential future movement of the price, demarcating maximum and minimum expected outcomes. For instance, if an asset demonstrates a substantial spike beyond the forecasted range, there's a significantly high probability of that price being rejected and reversed. However, this indicator should not be the sole basis for your trading decisions. The range merely reflects the volatility within the rolling window and may overlook significant historical price movements. As with any trading strategies, synergize this with other indicators for a more comprehensive and reliable analysis. Note: In instances where the number of predicted bars is exceedingly high, the lines may become scattered, presumably due to inherent limitations on the TradingView platform. Consequently, when applying three SD in your indicator, it is advised to limit the predicted bars to fewer than 80. RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
อินดิเคเตอร์ Pine Script®
โดย tradedots
Bullish Candlestick Patterns With Filters [TradeDots]The "Bullish Candlestick Patterns With Filters" is a trading indicator that identifies 6 core bullish candlestick patterns. This is further enhanced by applying channel indicator as filters, designed to further increase the accuracy of the recognized patterns. 6 CANDLESTICK PATTERNS Hammer Inverted Hammer Bullish Engulfing The Piercing Line The Morning Star The 3 White Soldiers SIGNAL FILTERING The indicator incorporates with 2 primary methodologies aimed at filtering out lower accuracy signals. Firstly, it comes with a "Lowest period" parameter that examines whether the trough of the bullish candlestick configuration signifies the lowest point within a specified retrospective bar length. The longer the period, the higher the probability that the price will rebound. Secondly, the channel indicators, the Keltner Channels or Bollinger Bands. This indicator examines whether the lowest point of the bullish candlestick pattern breaches the lower band, indicating an oversold signal. Users have the flexibility to modify the length and band multiplier, enabling them to custom-tune signal sensitivity. Without Filtering: With Filtering RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
อินดิเคเตอร์ Pine Script®
โดย tradedots
2
Channels With NVI Strategy [TradeDots]The "Channels With NVI Strategy" is a trading strategy that identifies oversold market instances during a bullish trading market. Specifically, the strategy integrates two principal indicators to deliver profitable opportunities, anticipating potential uptrends. 2 MAIN COMPONENTS 1. Channel Indicators: This strategy gives users the flexibility to choose between Bollinger Band Channels or Keltner Channels. This selection can be made straight from the settings, allowing the traders to adjust the tool according to their preferences and strategies. 2. Negative Volume Indicator (NVI): An indicator that calculates today's price rate of change, but only when today's trading volume is less than the previous day's. This functionality enables users to detect potential shifts in the trading volume with time and price. ENTRY CONDITION First, the assets price must drop below the lower band of the channel indicator. Second, NVI must ascend above the exponential moving average line, signifying a possible flood of 'smart money' (large institutional investors or savvy traders), indicating an imminent price rally. EXIT CONDITION Exit conditions can be customized based on individual trading styles and risk tolerance levels. Traders can define their ideal take profit or stop loss percentages. Moreover, the strategy also employs an NVI-based exit policy. Specifically, if the NVI dips under the exponential moving average – suggestive of a fading trading momentum, the strategy grants an exit call. RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
กลยุทธ์ Pine Script®
โดย tradedots