Breakout Probability is a valuable indicator that calculates the probability of a new high or low and displays it as a level with its percentage. The probability of a new high and low is backtested, and the results are shown in a table— a simple way to understand the next candle's likelihood of a new high or low. In addition, the indicator displays...
This script was born out of my quest to be able to display strategy back test statistics on charts to allow for easier backtesting on devices that do not natively support backtest engine (such as mobile phones, when I am backtesting from away from my computer). There are already a few good ones on TradingView, but most / many are too complicated for my...
Smoothed Heikin Ashi Trend on chart - Backtest
This is a backtest of the Smoothed Heikin Ashi Trend indicator, which computes the reverse candle close price required to flip a Heikin Ashi trend from red to green and vice versa. The original indicator can be found in the scripts section of my profile.
This particular back test uses this indicator with a Trend...
Hello Traders! This is the source code for a simple EMA Cross indicator that can be chained to other indicators or another instance of itself as a filter.
The code is fully commented to guide you in building your own chain of indicators based on your ideas and trading plans.
All the best,
Val - Protervus Trading
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...
Experimental attemt of applying Logistic Map Equation for some of widly used indicators.
With this study "Awesome Oscillator (AO)", "Rate of Change (ROC)", "Relative Strength Index (RSI)", "Stochastic (STOCH)" and a custom interpretation of Logistic Map Equation is presented
Calculations with Logistic Map Equation makes sense when the calculated results...
Italian physicist Galileo Galilei is usually credited with being the first to measure speed by considering the distance covered and the time it takes. Galileo defined speed as the distance covered during a period of time. In equation form, that is v = Δd / Δt where v is speed, Δd is change in distance, and Δt is change in time. The Greek symbol for delta, a...
A brand new Moving Average , calculated using Momentum, Acceleration and Probability (Psychological Effect).
Momentum adjusted Moving Average(MaMA) is an indicator that measures Price Action by taking into consideration not only Price movements but also its Momentum, Acceleration and Probability. MaMA, provides faster responses comparing to the regular Moving...
A follower asked me to convert my Trend Direction Helper into a strategy
So blessed this indicator reached the 1400+ likes milestone - I can't believe how many people are trading with it
I based the setup as follow:
- Entries on those green/red labels
- exit whenever a Simple Moving Averages cross in the opposite direction happen
Moving Average Convergence Divergence – MACD
The most popular indicator used in technical analysis, the moving average convergence divergence (MACD), created by Gerald Appel. MACD is a trend-following momentum indicator, designed to reveal changes in the strength, direction, momentum, and duration of a trend in a financial instrument’s price
Boom Hunter (leading indicator): Trigger line crosses over Quotient 2 line (white cross over red)
Hull Suite (trend confirmation): Price closed above hull suite line and hull suite is green (represented by horizontal line at -10 in strategy pane)
Volatility Oscillator (volatility confirmation): Volatility spike trigger line...
This is a simple algorithm for a Tradingview strategy tracking a convergence of 2 unrelated indicators.
Convergence is the solution to my trading problems.
It's a puzzle with infinite possibilities and only a few working combinations.
Here's one that I like
- Engulfing pattern
- Price vs Moving average for detecting a breakout
This is the strategy version of this script
I - Concept
I present to you, ladies and gentlemen, the first screener for harmonic patterns.
Starting with an ACBD pattern screener this time!!
I used the calculations from Ricardo Santo's script
In short, he's using fractals (regular or Bill Williams ) for the pattern calculations. A...
Example how to set the time range window to be backtested for both entries and exits. Additional examples are also included showing how to set the date range and toggle plot visibility.
By incorporating this code with your own strategy's logic, it will allow you to backtest various time windows.
Much gratitude to @LucF and @a.tesla2018 for help with including...
Example how to select and set date range window to be backtested. Normally when you change chart period it changes the number of days being backtested which means as you increas the chart period (for example from 5min to 15min) you also increase the number of days traded, so you can not compare apples to apples for which period would yield best returns for your...
Simple and effective script that, as you already know, uses vwap as source of the rsi, and with good results as long as the market has no long-term downtrend.
RsiVwap = rsi (vwap (close), Length)
The default settings are for BTC in a 30 minute time frame. For other pairs and time frames you just have to play with the settings.