Trading Psychology - Fear & Greed Index by DGTPsychology of a Market Cycle - Where are we in the cycle?
Before proceeding with the question "where", let's first have a quick look at "What is market psychology?"
Market psychology is the idea that the movements of a market reflect the emotional state of its participants. It is one of the main topics of behavioral economics - an interdisciplinary field that investigates the various factors that precede economic decisions. Many believe that emotions are the main driving force behind the shifts of financial markets and that the overall fluctuating investor sentiment is what creates the so-called psychological market cycles - which is also dynamic.
Stages of Investor Emotions:
* Optimism – A positive outlook encourages us about the future, leading us to buy stocks.
* Excitement – Having seen some of our initial ideas work, we begin considering what our market success could allow us to accomplish.
* Thrill – At this point we investors cannot believe our success and begin to comment on how smart we are.
* Euphoria – This marks the point of maximum financial risk. Having seen every decision result in quick, easy profits, we begin to ignore risk and expect every trade to become profitable.
* Anxiety – For the first time the market moves against us. Having never stared at unrealized losses, we tell ourselves we are long-term investors and that all our ideas will eventually work.
* Denial – When markets have not rebounded, yet we do not know how to respond, we begin denying either that we made poor choices or that things will not improve shortly.
* Fear – The market realities become confusing. We believe the stocks we own will never move in our favor.
* Desperation – Not knowing how to act, we grasp at any idea that will allow us to get back to breakeven.
* Panic – Having exhausted all ideas, we are at a loss for what to do next.
* Capitulation – Deciding our portfolio will never increase again, we sell all our stocks to avoid any future losses.
* Despondency – After exiting the markets we do not want to buy stocks ever again. This often marks the moment of greatest financial opportunity.
* Depression – Not knowing how we could be so foolish, we are left trying to understand our actions.
* Hope – Eventually we return to the realization that markets move in cycles, and we begin looking for our next opportunity.
* Relief – Having bought a stock that turned profitable, we renew our faith that there is a future in investing.
It's hard to predict with certainty where we exactly are in the market cycle, we can only make an educated guess as to the rough stage based on data available. And here comes the study "Trading Psychology - Fear & Greed Index"
Factors taken into account in this study include:
1-Price Momentum : Price Divergence/Convergence versus its Slow Moving Average
2-Strenght : Rate of Return (RoR) also called Return on Investment (ROI) is a performance measure used to evaluate the efficiency of an investment, net gain or loss of an investment over a specified time period, the rate of change in price movement over a period of time to help investors determine the strength
3-Money Flow : Chaikin Money Flow (CMF) is a technical analysis indicator used to measure Money Flow Volume over a set period of time. CMF can be used as a way to further quantify changes in buying and selling pressure and can help to anticipate future changes and therefore trading opportunities. CMF calculations is based on Accumulation/Distribution
4-Market Volatility : CBOE Volatility Index (VIX), the Volatility Index, or VIX, is a real-time market index that represents the market's expectation of 30-day forward-looking volatility. Derived from the price inputs of the S&P 500 index options, it provides a measure of market risk and investors' sentiments. It is also known by other names like "Fear Gauge" or "Fear Index." Investors, research analysts and portfolio managers look to VIX values as a way to measure market risk, fear and stress before they take investment decisions
5-Safe Haven Demand : in this study GOLD demand is assumed
What to look for :
*Fear and Greed Index as explained above,
*Divergencies
Tool tip of the label displayed provides details of references
Conclusion:
As investors, we always get caught up in the day to day price movements, and lose sight of the bigger picture. The biggest crashes happen not when investors are cautious and fearful, it's when they're euphoric and expecting financial instruments to continue going higher. So as we continue investing, don’t forget to stop and ask yourself, where in the chart do you think we are right now? The Market Psychology Cycle shines light on how emotions evolve, fear and greed index can come in handy, provided that it is not the only tool used to make investment decisions. It is easy to look back at market cycles and recognize how the overall psychology changed. Analyzing previous data makes it obvious what actions and decisions would have been the most profitable. However, it is much harder to understand how the market is changing as it goes - and even harder to predict what comes next. Many investors use technical analysis (TA) to attempt to anticipate where the market is likely to go. Investors are advised to keep tabs on fear for potential buying the dips opportunities and view periods of greed as a potential indicator that financial instruments might be overvalued.
Warren Buffett's quote, buy when others are fearful, and sell when others are greedy
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
Disclaimer : The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Cari skrip untuk "profit"
PRIMEVAL_SERIES_0001.0 - Hyper-bullish EMA SequenceThe Primeval Series is the domain of combinations between EMAs of any specific length that apparently dictates the fabric of equity price movements. For best use, the 45-minute timeframe is ideal for short-term, explosive plays.
The series can be split into major and minor sub-series, i.e., "Epoch" and "Triassic." Epoch EMAs refer to the lengths of 618 periods and 1618 periods - these are the averages that denote major directional shifts when they cross each other on any timeframe. The Triassic EMAs are the 21, 62, and 186 lengths of any timeframe that offer incredible directional insight when they interact with the Epoch EMAs.
Triassic EMAs' seldom interact with Epoch EMAs intraday. However, their interactions with each other can be useful for quick swing trades. After discovering these oddly specific EMA lengths, my study and application of their interactions have increased my understanding of markets ten-fold. I hope they do for you as well.
Aside from the EMA lines themselves, I have created colored background lines for specific crossovers that seem to follow a bullish sequence. I have annotated the sequence in the script itself, but will also include here for ease of use. See below for more details:
Hyper-bullish EMA Sequence:
1) For best use, look for charts that are in a long-term bullish trend and have pulled back over the last 2 months.
2) Once such a stock has been identified, set the chart timeframe to 45 minutes, and apply the script.
3) The sequence begins on the nearest AQUA colored crossover. This denotes the beginning of the most-local retracement from near-term (could be all-time) highs.
4) Then, find the next ROYAL BLUE crossover background line for a potential entry. If I were tracking a stock that just displayed a ROYAL BLUE crossover, I would enter 1/4th of my planned full position.
5) Next, search for the next crossover highlighted in DARK BLUE. This is the key crossover. Enter your full position, as it is a very strong bullish confirmation signal.
6) Hold the long position until you see the penultimate GREEN crossover line. In certain cases, this is the final confirmation for the uptrend and denotes an extension upward. I would not add here, but would alternatively take 1/3rd of my profits.
7) If you take 1/3rd of your profits, you can ride the extension knowing that the trade is profitable regardless. House money trades are my favorite trades for this reason.
8) The toughest part is selling the remaining 2/3rds of your position, but there is a solution: when you see the first RED crossover line after GREEN, sell half of your remaining position. The price could come down a bit but would hold the remaining position until the next RED line appears.
**IMPORTANT: This strategy assumes that there is only ONE AQUA line at the very beginning of any given sequence. If there appears another AQUA line at any point in the sequence, SELL ALL. That is the only hard rule and is extremely unlikely to occur after a DARK BLUE cross. Keep in mind that some charts are so bullish that a GREEN LINE may never appear because the price action is so far above the Epoch_Zero EMA (yellow EMA ) that it will not be a factor for some time. Lastly, most RED crossover lines are insignificant until the GREEN line appears. Even then, they are only potential places to sell. AQUA lines are most meaningful and if you see one occur after a GREEN line, exit immediately.
Before you use this strategy, backtest it in the following way: pick any bullish stock over the past 3 months and see how the sequence pans out. I have done this over 100 times and it has worked 100 times WHEN you follow the rules listed in the "IMPORTANT" section above. Once validated, use this as a powerful weapon during bullish times.
Good luck and I hope this can make the world profitable someday.
- Perma H. Pig
Cracking Cryptocurrency - Bottom FeederThe Bottom Feeder
The Bottom Feeder is designed to algorithmically detect significantly oversold conditions in price that represent profitable buying opportunities. Combining this with it’s unique Stop and Target System, the Bottom Feeder is designed to return consistent return with minimal draw down. Whether used as a Market Bottom Detector or as a system for executing safe, profitable mean reversion trades, the Bottom Feeder is a powerful tool in any trader’s arsenal.
Bottom Feeder was designed to be used on BTCUSD , however it is also effective on other USD/USDT pairs. One will have to check the individual pair they wish to trade with the Strategy Tester to simulate performance.
Options
Let’s go through the input options one by one, so that you are able to comfortably navigate all that this indicator has to offer. The link below will display a picture of the layout of the settings for your convenience.
For the sake of simplicity, let’s note now that all settings marked **Conservative Mode** will not work in Aggressive Mode.
Mode: Determines how aggressively Bottom Feeder generates a buy signal. In Conservative Mode, trades can only be opened once per candle and the stop and target will update as new signals appear. In Aggressive Mode, a separate trade is opened each time Bottom Feeder signals, which may be multiple times within one Daily candle.
Plot Target and Stop Loss: Toggles on/off the visualized take profit and stop losses on the chart.
**Conservative Mode** TP Multiplier: This is an input box, it requires a float value. That is, it can accept either a whole number integer or a number with a decimal. This number will determine your Take Profit target. It will take whatever number is entered into this box and multiply the Average True Range against it to determine your Take Profit.
**Conservative Mode** SL Multiplier: See above - this will modify your Stop Loss Value.
**Conservative Mode** Average or Median True Range: This is a drop-down option, the two options are Average True Range or Median True Range. If Average True Range is selected, then this indicator will use the Average True Range calculation, that is, the average of a historical set of True Range values to determine the Average True Range value for Target and Stop Loss calculation. If Median True Range is selected, it will not take an average and will instead take the Median value of your historical look back period.
**Conservative Mode** True Range Length: This is an input that requires an integer. This will represent your historical look back period for Average/Median True Range calculation.
**Conservative Mode** True Range Smoothing: This is a drop-down with the following options: Exponential Moving Average ( EMA ), Simple Moving Average ( SMA ), Weighted Moving Average ( WMA ), Relative Moving Average (RMA). This will determine the smoothing type for calculating the Average True Range if it is selected. Note: if Median True Range is selected above, this option will not have any effect as there is no smoothing for a Median value.
**Conservative Mode** Custom True Range Value?: This is a true/false option that is false by default. If enabled, it will override the Average/Median True Range calculation in favor of a users custom True Range value to be input below.
**Conservative Mode** Custom True Range Value: This is an input box that requires a float value. If Custom True Range is enabled this is where a user will input their desired custom True Range value for Target and Stop Loss calculation.
Stop and Target Description
Because Bottom Feeder is designed only to scalp the various market bottoms that can appear over time in the market and not to identify trends or to trade ranges, it’s imperative that the indicator notify us not just to when to enter our trades, but when to exit! In the service of that, CC Bottom Feeder has a built in Stop and Target system that tracks and displays the stop loss and take profit levels of each individual open trade, whether in Aggressive or Conservative Mode.
Conservative Mode Targeting: In Conservative Mode, Bottom Feeder signals are aggregated into a compound trade. The signal will appear as a green label pointing up below a candle, and will appear upon a candle close. If Bottom Feeder then generates another signal the stop loss and target price will be updated. The process will continue until the aggregated trade completes in either direction. On a trade with multiple signals, a larger position is slowly entered into upon each buy signal.
Aggressive Mode Targeting: In Aggressive Mode, Bottom Feeder signals are individually displayed as they are generated, regardless of how many signals are generated on any single candle. If Bottom Feeder continues to signal, each individual open trade will have their own stop loss and target that will be displayed on the chart until the individual trade completes in either direction. As opposed to a large compound position, aggressive mode represents a higher number of independent signals with their own stop and target levels.
Stop losses and targets are designed to be hard, not soft. That is, they are intended to be stop market orders, not mental stop losses. If price wicks through the target or stop, it will activate.
Patient Trendfollower (7)(alpha)Patient Trendfollower consists of 21 and 55 EMA, Commodity Channel Index and Supertrend indicator. It confirms a trend and gives you a signal on a pullback. Original creation worked on 1h EURUSD chart.
►Long setup:
• 21 EMA is above 55 EMA, which is above the Supertrend indicator.
• Commodity Channel Index is an oscillator, which prints into the chart if extreme levels are reached. Green is for a level above 100 or below -100, red is above 140 or below -140 and black is above 180 or below -180.
• If 21 EMA > 55EMA > Supertrend and an oversold signal appear, you can buy into the trend.
• When backtesting on 1h EURUSD, profit target 400 pips worked best with a stop-loss below Supertrend's bottom and the size of your spread.
• A picture shows two valid entries.
: This part still malfunctions and shows red dots over some green ones. It is important to disable red ones in the settings to see green ones.
Some more long signals:
Some short signals:
►Backtesting data with default settings and trading only green CCI signals with mentioned risk management strategy:
• 212 closed trades
• 58.96% profitable with average win trade 348 USD and average loss trade 263 USD when only green signals are followed.
• Profit factor 1.903, Sharpee 0.792
• 20 bars is average for all trades, short trades were 18 bars long on average.
With given data, you can see the strategy is profitable by itself. However, original risk management settings do work only on 1h charts of EURUSD and would need to be adjusted for other instruments based on average volatility.
Even though the profitability is low, you can increase your odds by a great margin, if you properly use price action (impulsive and corrective moves, patterns, bar analysis), if you trade when major exchanges are open, you may also use wave analysis such as Elliot Waves or Market Profiles to predict whether the next day might be a trending day. My backtesting program didn't consider these ideas.
Unfortunately, I won't be making backtesting strategy public with it anytime soon, because it still has some parts that do not work. I am ok with that since I understand the code and know what does malfunction and how. Then, there are parts which I am not sure how to fix yet. This is why the indicator is still considered alpha.
In the future when a strategy is published, you will also be able to set your own overbought/oversold values without entering the code itself and probably some other features. But I am not in a hurry for that. You can give me feedback on UX and try to figure out the best setups for other symbols, it might help to improve the automatic testing script when I know what I should achieve. My main point is to make this public for friends who can already be using it on EURUSD at least.
Close doesn't always have to be 400 pips, you might want to close on a logical level such as strong resistance or a trendline too.
Thanks to:
• @everget for providing Supertrend solution.
• Satik FX who hand-tested the system by hand and reported results in this article . He is my main inspiration for creating the complete indicator as one because I want to be able to show and hide it with a single click. My future scripts will also work as a whole strategy each by itself.
• The number in the script's name comes from Satik's numbering. A mentioned article was his seventh shared strategy.
Algorithm Builder - Multiple Trends+ (Plug & Play)Hello traders
I. SCRIPTS ACCESS AND TRIALS
1. For the trial request access, they have to be done through my website .
2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here : Daveatt
Due to the new scripts publishing house rules, I won't mention the URL here directly. As I value my partnership with TradingView very much, I prefer showing you the way for finding them :)
3. You may also contact me directly for more information
II. Algorithm Builder - Multiple Trends
2.1 Forewords
The Multiple Trends+ is the update of the Multiple Trends and includes a built-in Trade Manager and PnL/Risk-Reward Panel
This indicator is available only to our PREMIUM users. Our PREMIUM indicators offer more trading analysis capabilities and opportunities.
A few words of caution: the Algorithm Builders - Multiple Trends are more advanced and as such, would require slightly more time to be mastered.
They're not that much difficult, but we understand that designing a trading system with 2 trends might be slightly more complicated - however, there is nothing to be scared of :).
The time spent to learn how to use our PREMIUM tools might be rewarded handsomely.
2.2 Concept
The Algorithm Builder - Multiple Trends is made to detect the convergence of many unrelated indicators and give a BUY or SELL signal whenever all the selected sub-indicators are converging in the same direction.
This is an upgrade of the PRO package giving access to the Algorithm Builder - Single Trend - designed to show 1 unique entry per trend - whereas the Multiple Trends offers re-entries in the same direction of the trend if the indicator detects good convergences to accumulate more positions.
III. Plug & Play
Hope you're ready to be impressed. Because, what I'm about to introduce, is my best-seller feature - and available across many of my indicators.
In TradingView, there is a feature called "Indicator on Indicator" meaning you can use an external indicator as a data source for another indicator.
I'm using that feature to connect any external indicator to our Algorithm Builder Multiple Trends+ Plug & Play (hence the plug and play name).
Let's assume we have an RSI divergence indicator - which is not part of the Algorithm Builder - but noticed that the convergence of an RSI divergence and a MACD gives strong signals.
I mentioned an RSI divergence, but you may connect any oscillator (MACD, On balance volume, stochastic RSI, True Strenght index, and many more..) or non-oscillator (divergence, trendline break, higher highs/lower lows, candlesticks pattern, price action, harmonic patterns, ...) indicators.
THE SKY IS (or more likely your imagination) is the limit :)
Fear no more. The Plug&Play technology allows you to connect it and use it in the convergence/confluence calculations.
Hence, whenever the MACD and RSI divergence will be in the same direction every time you'll get a convergence.
PS: Whereas it's only the first time only because this is a Single trend edition.
To connect your external indicator to ours, we're using a native TradingView feature, which is not available for all users.
It depends on your TradingView subscription plan ( More info here )
If you intend to use our Algorithm Plug&Play indicator, and/or our Backtest Plug&Play suites, then you must upgrade your TradingView account to enjoy those features.
We value our relationship with our customers seriously, and that's why we're warning upfront you that a compatible TradingView account type is required - at least PRO+ or PREMIUM to add more than 1 Plug&Play indicator per account.
We go in-depth on our website why the Plug&Play is an untapped opportunity for many traders out there - URL available on my profile status and signature
IV. Multiple Trends versus Single Trend
4.1 Multiple Trends benefits
A friend asked us recently Why using the Multiple Trends if we can use the Single Trend in a smaller timeframe, and get more entries that way?
We thought this was an excellent question, but the answer is obvious.
Using a Single Trend on a smaller timeframe to solely getting more entries will reduce the security of the given trades.
We designed the Algorithm Builders to take a trade in an identified trend but reducing the timeframe too much will mostly increase your risk - and might lead to capital loss.
By the way, this is a universal rule valid also for a big majority of indicators.
We're absolutely not saying that the Single Trend won't work on small timeframes because actually it really does. But, if you find out a great configuration for your Single Trend, and want to get more signals without increasing your risk - then the Multiple Trends would be a very viable option.
4.2 Main signal versus secondary signals
For the main and secondary trends, the color green symbolizes any identified "BUY" trend. And the color red symbolizes any identified "SELL" trend.
-The MAIN trend symbol is unique and symbolized by a triangle.
- The SECONDARY (could also be called re-entries) trends are multiple and symbolized by a diamond.
In the Algorithm Builder indicator settings, they're identified with the Additional keyword.
4.3 How the convergences are calculated
Extremely important: The diamonds (or re-entries) are displayed, as long as a triangle (or main/primary signal) is displayed.
For a trend change (buy to sell or sell to buy), the system waits for ALL selected re-entries sub-indicators , to give a convergence/confluence in the opposite direction.
For example, let's assume a BUY/green convergence based on 3 indicators. One or Two of them going turning red, won't be enough for a trend change.
But, if all of them turn red, then we'll see a red triangle - signaling the beginning of a new downtrend.
4.4 Why multiple entries?
Here are a few use cases :
1. The main use case why we made those Multiple Trends indicators: A trader got invalidated or stopped out on a trade, but wants a system to let hin/her jump back in with a minimum of security. (security depending on the configuration of the Algorithm Builder as a whole).
This is very frustrating to get in a trade, being stopped out, and finally, see the trade going in the expected direction.
Even more frustrating to jump back in at the end of a trend, and get stopped out again - we all agree on this.
2. You want to add more positions on your main trade as your Algo Builder identified a solid trend - this is a nice way to possibly maximize your gains.
Once again, we don't/won't guarantee any performance result (not because we don't believe in our tools, but for legal reason), all depends on the time spent reading our documentation and playing with the Algo Builder - as explained on our Tutorials.
More info available on our website. URL available in this script signature and on my profile status.
V. Why the Algorithm Builder Multiple Trends+ may help you
I worked with many traders during my career, and their feedback about trading is often pretty similar.
They all tried a lot of complicated indicators, losing their capital, and finally getting back to the basics (even to the basic indicators if I might say)
The art is finding a good combination of indicators and setting strict money/risk management rules.
Easy in concept, but more than 90+% of traders lose money on the markets... which teach us that trading is not only about drawing trendlines, or using cool indicators but finding ways to ease our psychology while trading.
5.1 The Algorithm Builder trading framework
The sub-indicators (full list on our website) weren't chosen randomly. They're based on a trading method we've developed over the last 6 years - while working with traders and other trading quants.
The Algo Builders are made to detect a convergence - and as such, will give a signal once a trend has been identified.
They're not made to detect reversal but have been designed to give a signal when all sub-indicators are either ALL bullish (green) or ALL bearish (red).
We provide a framework based on indicators we selected because they:
1. make sense to be used altogether
2. work on asset classes like INDEX, CRYPTO, STOCK OPTIONS, FOREX, COMMODITIES
3. it may expand your knowledge about what detecting a convergence with pre-selected indicator really means
5.2 Supports and Resistances
The indicator displays the main algorithmic supports and resistances according to our trading method.
I think they're relevant for all asset classes, but you're absolutely free to use any different supports/resistances logic if you want to.
I'm not against it because I know that pivots, Fibonacci levels, etc. may work very well also.
5.3 Choose your favorite risk management algorithm
1/ Pre-defined Algo S/R method using:
- a supertrend of the stop-loss
- the nearest algorithmic resistances for the take profit levels.
2/ Define your own Stop-loss and Take-profits level in real-time
Stop-Loss Management
For what's following, let's assume that 2 is the stop-loss value you inserted in the indicator, and the Algorithm Builder gives a BUY signal.
This is NOT a recommendation at all, only an example to explain how this feature works.
- %Trailing: The Stop-Loss starts 2% away from the entry price - and will move up (because we're on a BUY trade as per our example) every time your trade will gain 2% profit
- Percentage: The Stop-Loss stays static 2% away from the entry price. There is no trailing here
- TP Trailing: This is a very awesome feature. The stop-loss is set 2% away when the trades start.
When the TP1 is hit, the stop-loss will be moved to the Entry price (also called breakeven).
When the TP2 is hit, the SL is moved to the previous TP1 position
- Fixed: Set the Stop-Loss at a fixed position (value should be in currency/units)
Take Profits Management
You can manage up to 2 take profit levels defined as a percentage or price value.
The expected input is in percentage value (for instance, setting the % target of TP1 to 2% will set the TP1 level 2% away from the entry price
5.4 Built-in Trade Manager
This is very likely the most loved utility script that we shared on TradingView.
It's included in your Algorithm Builder - Single Trend+, and will certainly help you immensely to analyze your charts and your trades.
We made sure that all the graphical elements on the chart will be updated in real-time whenever our user change anything on the indicator configuration.
You'll also be able to change the Trade Manager labels positions as you wish :)
5.5 Built-in Risk-to-Reward Panel
The good stuff doesn't stop here.
You'll notice that this sometimes green (when in a LONG), sometimes red (when in a SHORT) panel at the right of your chart.
It displays for the selected trading algorithmic (see 2.3.2 above), a ton of useful real-time analytics.
- Entry Price: the price when the Algorithm Builder will give a signal.
- The Trade PnL in percentage.
- Entry Stop Loss: Distance (in currency/units) between the selected stop-loss algorithm (percent, trailing, TP trailing, etc.) and the entry price.
- Entry TP1: Distance (in currency/units) between the entry price and the first take profit
- Entry TP2: Distance (in currency/units) between the entry price and the second take profit
- Risk/Reward TP1: Using the Stop-loss distance at entry, and Take Profit 1 at entry to compute the risk-to-reward ratio.
- Risk/Reward TP2: Using the Stop-loss distance at entry, and Take Profit 2 at entry to compute the risk-to-reward ratio.
For more details, please check the guides section of my website. Links are in my signature and profile status.
5.6 Built-in PnL real-time calculations
YES!!!! you read it correctly
The panel displays the risk-to-reward ratios but also the PnL (Profit and Loss in percentage value) of the current and last trade
5.7 Hard Exits
Our trading method is known for the hard exits, also called invalidation.
The Single Trend+ includes a hard exit based on a MACD - settings are flexible and you may update them.
Having a stop-loss protecting your trade is a best practice - Protecting your stop-loss also from getting hit is incredible.
We prefer invalidate a few positions, even if sometimes we don't want to. Rather than the market hard exiting on us, and leaving with our hard-working money.
5.8 Alerts
Alerts are enabled for:
- BUY/SELL MAIN triangles signals
- BUY/SELL SECONDARY diamond signals
- Trade Manager alerts (Stop Loss, Take Profit 1, Take Profit 2)
- Hard Exits
VI. Pain points that we're trying to solve with our Algorithm Builders
Issue #1 There are many informations / indicators / strategies / backtests / noise. Finding the right ones is not a simple task.
Solution #1 A reliable system that removes the external noise is much needed in trading to stay "in the game".
Issue #2 Trading could be quite stressful - The majority doesn't lose in trading because technical analysis is hard, but because managing our psychology is one of the hardest things a human can do.
Solution #2 Some ways to reduce the "trading stress" could be: getting better quality signals and trading like a "machine". Forgetting about Twitter and trusting the system you designed.
Issue #3 Trading without strict rules and only based on what we feel, or what we think the market should do is the fastest way to kiss our money goodbye.
Only 1 indicator generally is not enough. Traders generally use a combination of several indicators but they're monitoring them individually.
It's normal then to feel exhausted at the end of the day ^^ (to say the least)... and exhaustion leads to mistakes which leads to..... (I'm sure you got it) ... capital loss.
Solution #3 As a trader, I needed a trading framework and a method. I offer our trading method but they're plenty others out there. We cannot claim obviously it's the best ever ....but let's say we're using those exact same
scripts ourselves for our trading. And this what we've been recommending our clients to trade with for the past years. Also, having a tool detecting the convergence of several indicators and giving 1 unique signal
for BUY/SELL position will save you a lot of time/energy, and perhaps might help you out getting better trading performance.
VII. Resolving a complex puzzle and having fun in the process
Trading has to stay a passion and not (only be) a source of intense stress.
The most successful traders I know are "trading geeks" - literally always looking for optimizing, searching for the best possible entries, setups, indicators, tools, etc.
For them, it's not even about the money anymore, but only about beating their previous performance.
Why are they doing this? Because it's fun
Might appears as a bold statement, but I guarantee that looking for setups is fun.
One of our users even told us, that it's like playing with "Legos" and we couldn't possibly agree more.
VIII. Designing a system that "makes sense"
Another bold statement now. Brace yourselves ladies and gentlemen
The Algorithm Builders allow to design trading systems quickly. What could takes days/weeks/months to find out... might be now within your reach in less than a few hours.
With a bit of practice, less than an hour might be enough per asset/timeframe to find a system that makes sense to you and adapted to your trading capital and psychology.
Assuming our users read our guides and are fully committed to learning a new way of trading - then we do guarantee you'll be able to design kick-ass trading systems that make sense.
"Making sense" doesn't mean at all it's guaranteed to win, it means you're the one defining the convergence of indicators, using your Algorithm Builder, and observe that most of the time - whenever there is a BUY signal, the candlesticks are going upwards - whenever there is a SELL signal, it's going downwards.
This is a necessary step to make real progress from a trading analyst perspective - and hopefully could lead to profits.
VIII. Algorithm Builder versus the main trader enemy(=psychology)
This indicator has the goal to help solving one of the MAIN issues encountered by traders.
Most of traders realize, they can't perform with only 1 indicator (or 1 price pattern or 1 price action) and need a combination of multiple indicators before getting in a trade.
Far from being a magic pill, if it could at least reduce the stress you have while trading, then we'll consider we made a great job - it's a technical "useless noise remover", and needs to be followed strictly.
Such trust in a trading system can only be built by testing your Algorithm Builder configuration on either:
1. a demo account
2. or a live account with small bids. And then, increasing progressively the bids if your capital increases progressively.
Though, you should still use your common sense. (for instance: if we get a BUY signal right on a big timeframe resistance we're hitting for the first time).
I'm aware this is a new way of trading but for many, and while we cannot foresee the future, neither predict performance, we believe it might save you a lot of time to find good signals.
My maximum level of happiness will be reached the day when our users will contact me and showing me setups being mine.
I'm sure that even I can learn from my users and, we can all learn from each other Algorithm Builder configuration
IX. What is a wrong or bad configuration?
Simply put. If you see that most of your signals react such as described below:
1. a buy triangle/diamond predicts, most of the time an upwards move
2. a sell triangle/diamond predicts, most of the time a downwards move
3. you estimated yourself the stop-loss needed to give enough room for your trades.
4. take profits based on algorithmic support and resistances or your own take profit method.
So what's a good Algorithm Builder configuration? A configuration you're happy with and makes sense.
A better Algorithm Builder setup is one used in demo or a live account w/ small bids for a few weeks, and you're consistent in your trading performance.
If you have any doubt or question, please hit me up directly or ask in the comments section of this script.
I'll never claim I have the best trading methodology or the best indicators. You only will be the judge, and I'll appreciate all the questions and feedback you're sending my way.
They help me a ton to develop indicators based on all the requests I received.
Kind regards,
Dave
Algorithm Builder - Multiple Trends+ (+ Trade Manager and Panel)Hello traders
I. SCRIPTS ACCESS AND TRIALS
1. For the trial request access, they have to be done through my website .
2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here : Daveatt
Due to the new scripts publishing house rules, I won't mention the URL here directly. As I value my partnership with TradingView very much, I prefer showing you the way for finding them :)
3. You may also contact me directly for more information
II. Algorithm Builder - Multiple Trends
2.1 Forewords
The Multiple Trends+ is the update of the Multiple Trends and includes a built-in Trade Manager and PnL/Risk-Reward Panel
This indicator is available only to our PREMIUM users. Our PREMIUM indicators offer more trading analysis capabilities and opportunities.
A few words of caution: the Algorithm Builders - Multiple Trends are more advanced and as such, would require slightly more time to be mastered.
They're not that much difficult, but we understand that designing a trading system with 2 trends might be slightly more complicated - however, there is nothing to be scared of :).
The time spent to learn how to use our PREMIUM tools might be rewarded handsomely.
2.2 Concept
The Algorithm Builder - Multiple Trends is made to detect the convergence of many unrelated indicators and give a BUY or SELL signal whenever all the selected sub-indicators are converging in the same direction.
This is an upgrade of the PRO package giving access to the Algorithm Builder - Single Trend - designed to show 1 unique entry per trend - whereas the Multiple Trends offers re-entries in the same direction of the trend if the indicator detects good convergences to accumulate more positions.
III. Multiple Trends versus Single Trend
3.1 Multiple Trends benefits
A friend asked us recently Why using the Multiple Trends if we can use the Single Trend in a smaller timeframe, and get more entries that way?
We thought this was an excellent question, but the answer is obvious.
Using a Single Trend on a smaller timeframe to solely getting more entries will reduce the security of the given trades.
We designed the Algorithm Builders to take a trade in an identified trend but reducing the timeframe too much will mostly increase your risk - and might lead to capital loss.
By the way, this is a universal rule valid also for a big majority of indicators.
We're absolutely not saying that the Single Trend won't work on small timeframes because actually it really does. But, if you find out a great configuration for your Single Trend, and want to get more signals without increasing your risk - then the Multiple Trends would be a very viable option.
3.2 Main signal versus secondary signals
For the main and secondary trends, the color green symbolizes any identified "BUY" trend. And the color red symbolizes any identified "SELL" trend.
-The MAIN trend symbol is unique and symbolized by a triangle.
- The SECONDARY (could also be called re-entries) trends are multiple and symbolized by a diamond.
In the Algorithm Builder indicator settings, they're identified with the Additional keyword.
3.3 How the convergences are calculated
Extremely important: The diamonds (or re-entries) are displayed, as long as a triangle (or main/primary signal) is displayed.
For a trend change (buy to sell or sell to buy), the system waits for ALL selected re-entries sub-indicators , to give a convergence/confluence in the opposite direction.
For example, let's assume a BUY/green convergence based on 3 indicators. One or Two of them going turning red, won't be enough for a trend change.
But, if all of them turn red, then we'll see a red triangle - signaling the beginning of a new downtrend.
3.4 Why multiple entries?
Here are a few use cases :
1. The main use case why we made those Multiple Trends indicators: A trader got invalidated or stopped out on a trade, but wants a system to let hin/her jump back in with a minimum of security. (security depending on the configuration of the Algorithm Builder as a whole).
This is very frustrating to get in a trade, being stopped out, and finally, see the trade going in the expected direction.
Even more frustrating to jump back in at the end of a trend, and get stopped out again - we all agree on this.
2. You want to add more positions on your main trade as your Algo Builder identified a solid trend - this is a nice way to possibly maximize your gains.
Once again, we don't/won't guarantee any performance result (not because we don't believe in our tools, but for legal reason), all depends on the time spent reading our documentation and playing with the Algo Builder - as explained on our Tutorials.
More info available on our website. URL available in this script signature and on my profile status.
IV. Why the Algorithm Builder Multiple Trends+ may help you
I worked with many traders during my career, and their feedback about trading is often pretty similar.
They all tried a lot of complicated indicators, losing their capital, and finally getting back to the basics (even to the basic indicators if I might say)
The art is finding a good combination of indicators and setting strict money/risk management rules.
Easy in concept, but more than 90+% of traders lose money on the markets... which teach us that trading is not only about drawing trendlines, or using cool indicators but finding ways to ease our psychology while trading.
4.1 The Algorithm Builder trading framework
The sub-indicators (full list on our website) weren't chosen randomly. They're based on a trading method we've developed over the last 6 years - while working with traders and other trading quants.
The Algo Builders are made to detect a convergence - and as such, will give a signal once a trend has been identified.
They're not made to detect reversal but have been designed to give a signal when all sub-indicators are either ALL bullish (green) or ALL bearish (red).
We provide a framework based on indicators we selected because they:
1. make sense to be used altogether
2. work on asset classes like INDEX, CRYPTO, STOCK OPTIONS, FOREX, COMMODITIES
3. it may expand your knowledge about what detecting a convergence with pre-selected indicator really means
4.2 Supports and Resistances
The indicator displays the main algorithmic supports and resistances according to our trading method.
I think they're relevant for all asset classes, but you're absolutely free to use any different supports/resistances logic if you want to.
I'm not against it because I know that pivots, Fibonacci levels, etc. may work very well also.
4.3 Choose your favorite risk management algorithm
1/ Pre-defined Algo S/R method using:
- a supertrend of the stop-loss
- the nearest algorithmic resistances for the take profit levels.
2/ Define your own Stop-loss and Take-profits level in real-time
Stop-Loss Management
For what's following, let's assume that 2 is the stop-loss value you inserted in the indicator, and the Algorithm Builder gives a BUY signal.
This is NOT a recommendation at all, only an example to explain how this feature works.
- %Trailing: The Stop-Loss starts 2% away from the entry price - and will move up (because we're on a BUY trade as per our example) every time your trade will gain 2% profit
- Percentage: The Stop-Loss stays static 2% away from the entry price. There is no trailing here
- TP Trailing: This is a very awesome feature. The stop-loss is set 2% away when the trades start.
When the TP1 is hit, the stop-loss will be moved to the Entry price (also called breakeven).
When the TP2 is hit, the SL is moved to the previous TP1 position
- Fixed: Set the Stop-Loss at a fixed position (value should be in currency/units)
Take Profits Management
You can manage up to 2 take profit levels defined as a percentage or price value.
The expected input is in percentage value (for instance, setting the % target of TP1 to 2% will set the TP1 level 2% away from the entry price
4.4 Built-in Trade Manager
This is very likely the most loved utility script that we shared on TradingView.
It's included in your Algorithm Builder - Single Trend+, and will certainly help you immensely to analyze your charts and your trades.
We made sure that all the graphical elements on the chart will be updated in real-time whenever our user change anything on the indicator configuration.
You'll also be able to change the Trade Manager labels positions as you wish :)
4.5 Built-in Risk-to-Reward Panel
The good stuff doesn't stop here.
You'll notice that this sometimes green (when in a LONG), sometimes red (when in a SHORT) panel at the right of your chart.
It displays for the selected trading algorithmic (see 2.3.2 above), a ton of useful real-time analytics.
- Entry Price: the price when the Algorithm Builder will give a signal.
- The Trade PnL in percentage.
- Entry Stop Loss: Distance (in currency/units) between the selected stop-loss algorithm (percent, trailing, TP trailing, etc.) and the entry price.
- Entry TP1: Distance (in currency/units) between the entry price and the first take profit
- Entry TP2: Distance (in currency/units) between the entry price and the second take profit
- Risk/Reward TP1: Using the Stop-loss distance at entry, and Take Profit 1 at entry to compute the risk-to-reward ratio.
- Risk/Reward TP2: Using the Stop-loss distance at entry, and Take Profit 2 at entry to compute the risk-to-reward ratio.
For more details, please check the guides section of my website. Links are in my signature and profile status.
4.6 Built-in PnL real-time calculations
YES!!!! you read it correctly
The panel displays the risk-to-reward ratios but also the PnL (Profit and Loss in percentage value) of the current and last trade
4.7 Hard Exits
Our trading method is known for the hard exits, also called invalidation.
The Single Trend+ includes a hard exit based on a MACD - settings are flexible and you may update them.
Having a stop-loss protecting your trade is a best practice - Protecting your stop-loss also from getting hit is incredible.
We prefer invalidate a few positions, even if sometimes we don't want to. Rather than the market hard exiting on us, and leaving with our hard-working money.
4.8 Alerts
Alerts are enabled for:
- BUY/SELL MAIN triangles signals
- BUY/SELL SECONDARY diamond signals
- Trade Manager alerts (Stop Loss, Take Profit 1, Take Profit 2)
- Hard Exits
V. Pain points that we're trying to solve with our Algorithm Builders
Issue #1 There are many informations / indicators / strategies / backtests / noise. Finding the right ones is not a simple task.
Solution #1 A reliable system that removes the external noise is much needed in trading to stay "in the game".
Issue #2 Trading could be quite stressful - The majority doesn't lose in trading because technical analysis is hard, but because managing our psychology is one of the hardest things a human can do.
Solution #2 Some ways to reduce the "trading stress" could be: getting better quality signals and trading like a "machine". Forgetting about Twitter and trusting the system you designed.
Issue #3 Trading without strict rules and only based on what we feel, or what we think the market should do is the fastest way to kiss our money goodbye.
Only 1 indicator generally is not enough. Traders generally use a combination of several indicators but they're monitoring them individually.
It's normal then to feel exhausted at the end of the day ^^ (to say the least)... and exhaustion leads to mistakes which leads to..... (I'm sure you got it) ... capital loss.
Solution #3 As a trader, I needed a trading framework and a method. I offer our trading method but they're plenty others out there. We cannot claim obviously it's the best ever ....but let's say we're using those exact same
scripts ourselves for our trading. And this what we've been recommending our clients to trade with for the past years. Also, having a tool detecting the convergence of several indicators and giving 1 unique signal
for BUY/SELL position will save you a lot of time/energy, and perhaps might help you out getting better trading performance.
VI. Resolving a complex puzzle and having fun in the process
Trading has to stay a passion and not (only be) a source of intense stress.
The most successful traders I know are "trading geeks" - literally always looking for optimizing, searching for the best possible entries, setups, indicators, tools, etc.
For them, it's not even about the money anymore, but only about beating their previous performance.
Why are they doing this? Because it's fun
Might appears as a bold statement, but I guarantee that looking for setups is fun.
One of our users even told us, that it's like playing with "Legos" and we couldn't possibly agree more.
VII. Designing a system that "makes sense"
Another bold statement now. Brace yourselves ladies and gentlemen
The Algorithm Builders allow to design trading systems quickly. What could takes days/weeks/months to find out... might be now within your reach in less than a few hours.
With a bit of practice, less than an hour might be enough per asset/timeframe to find a system that makes sense to you and adapted to your trading capital and psychology.
Assuming our users read our guides and are fully committed to learning a new way of trading - then we do guarantee you'll be able to design kick-ass trading systems that make sense.
"Making sense" doesn't mean at all it's guaranteed to win, it means you're the one defining the convergence of indicators, using your Algorithm Builder, and observe that most of the time - whenever there is a BUY signal, the candlesticks are going upwards - whenever there is a SELL signal, it's going downwards.
This is a necessary step to make real progress from a trading analyst perspective - and hopefully could lead to profits.
VII. Algorithm Builder versus the main trader enemy(=psychology)
This indicator has the goal to help solving one of the MAIN issues encountered by traders.
Most of traders realize, they can't perform with only 1 indicator (or 1 price pattern or 1 price action) and need a combination of multiple indicators before getting in a trade.
Far from being a magic pill, if it could at least reduce the stress you have while trading, then we'll consider we made a great job - it's a technical "useless noise remover", and needs to be followed strictly.
Such trust in a trading system can only be built by testing your Algorithm Builder configuration on either:
1. a demo account
2. or a live account with small bids. And then, increasing progressively the bids if your capital increases progressively.
Though, you should still use your common sense. (for instance: if we get a BUY signal right on a big timeframe resistance we're hitting for the first time).
I'm aware this is a new way of trading but for many, and while we cannot foresee the future, neither predict performance, we believe it might save you a lot of time to find good signals.
My maximum level of happiness will be reached the day when our users will contact me and showing me setups being mine.
I'm sure that even I can learn from my users and, we can all learn from each other Algorithm Builder configuration
VIII. What is a wrong or bad configuration?
Simply put. If you see that most of your signals react such as described below:
1. a buy triangle/diamond predicts, most of the time an upwards move
2. a sell triangle/diamond predicts, most of the time a downwards move
3. you estimated yourself the stop-loss needed to give enough room for your trades.
4. take profits based on algorithmic support and resistances or your own take profit method.
So what's a good Algorithm Builder configuration? A configuration you're happy with and makes sense.
A better Algorithm Builder setup is one used in demo or a live account w/ small bids for a few weeks, and you're consistent in your trading performance.
If you have any doubt or question, please hit me up directly or ask in the comments section of this script.
I'll never claim I have the best trading methodology or the best indicators. You only will be the judge, and I'll appreciate all the questions and feedback you're sending my way.
They help me a ton to develop indicators based on all the requests I received.
Kind regards,
Dave
Algorithm Builder - Single Trend+ (MTF)Hello traders
I. SCRIPTS ACCESS AND TRIALS
1. For the trial request access, they have to be done through my website .
2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here : Daveatt
Due to the new scripts publishing house rules, I won't mention the URL here directly. As I value my partnership with TradingView very much, I prefer showing you the way for finding them :)
3. You may also contact me directly for more information
II. Algorithm Builder - Single Trend+ (MTF)
2.1 Concept
MTF means Multi Timeframes - we all agree that saying MTF is nicer and easier than multi-timeframe.
That script is an upgrade of the Single Trend:
The Algorithm Builder - Single Trend+ (Multiple Timeframes/MTF) is made to detect the convergence of many unrelated indicators, and give a BUY or SELL signal whenever all the selected sub-indicators - each may be using a different timeframe - are converging in the same direction.
Now sit tight because what's going to be announced will be awesome. Are you ready for it?... :)
The MTF version allows to detect the convergence for indicators in different timeframes. Each indicator has its own timeframe - expanding, even more, your trading analysis capabilities.
In other words, you could, for instance, detects the convergence of an H1 MACD with an H2 Supertrend, and why not also adding an m30 Moving Averages cross in the mix.
The Single Trend+ MTF gives one single entry per identified trend - unlike the Multiple Trends editions (also available on my scripts page) which may give more than 1 entry per trend.
The traders select the sub-indicators they want, and see in real-time the BUY and SELL triangles being updated.
2.2 Why the Algorithm Builder Single Trend may help you
I worked with many traders during my career, and their feedback about trading is often pretty similar.
They all tried a lot of complicated indicators, losing their capital, and finally getting back to the basics (even to the basic indicators if I might say)
The art is finding a good combination of indicators and setting strict money/risk management rules.
Easy in concept, but more than 90+% of traders lose money on the markets... which teach us that trading is not only about drawing trendlines, or using cool indicators but finding ways to ease our psychology while trading.
2.3 The Algorithm Builder trading framework
The sub-indicators (full list on our website) weren't chosen randomly. They're based on a trading method we've developed over the last 6 years - while working with traders and other trading quants.
The Algo Builders are made to detect a convergence - and as such, will give a signal once a trend has been identified.
They're not made to detect reversal but have been designed to give a signal when all sub-indicators are either ALL bullish (green) or ALL bearish (red).
We provide a framework based on indicators we selected because they:
1. make sense to be used altogether
2. work on asset classes like INDEX, CRYPTO, STOCK OPTIONS, FOREX, COMMODITIES
3. it may expand your knowledge about what detecting a convergence with pre-selected indicator really means
2.3.1 Supports and Resistances
The indicator displays the main algorithmic supports and resistances according to our trading method.
I think they're relevant for all asset classes, but you're absolutely free to use any different supports/resistances logic if you want to.
I'm not against it because I know that pivots, Fibonacci levels, etc. may work very well also.
2.3.2 Choose your favorite risk management algorithm
1/ Pre-defined Algo S/R method using:
- a supertrend of the stop-loss
- the nearest algorithmic resistances for the take profit levels.
2/ Define your own Stop-loss and Take-profits level in real-time
Stop-Loss Management
For what's following, let's assume that 2 is the stop-loss value you inserted in the indicator, and the Algorithm Builder gives a BUY signal.
This is NOT a recommendation at all, only an example to explain how this feature works.
- %Trailing: The Stop-Loss starts 2% away from the entry price - and will move up (because we're on a BUY trade as per our example) every time your trade will gain 2% profit
- Percentage: The Stop-Loss stays static 2% away from the entry price. There is no trailing here
- TP Trailing: This is a very awesome feature. The stop-loss is set 2% away when the trades start.
When the TP1 is hit, the stop-loss will be moved to the Entry price (also called breakeven).
When the TP2 is hit, the SL is moved to the previous TP1 position
- Fixed: Set the Stop-Loss at a fixed position (value should be in currency/units)
Take Profits Management
You can manage up to 2 take profit levels defined as a percentage or price value.
The expected input is in percentage value (for instance, setting the % target of TP1 to 2% will set the TP1 level 2% away from the entry price
2.3.3 Built-in Trade Manager
This is very likely the most loved utility script that we shared on TradingView.
It's included in your Algorithm Builder - Single Trend+, and will certainly help you immensely to analyze your charts and your trades.
We made sure that all the graphical elements on the chart will be updated in real-time whenever our user change anything on the indicator configuration.
You'll also be able to change the Trade Manager labels positions as you wish :)
2.3.4 Built-in Risk-to-Reward Panel
The good stuff doesn't stop here.
You'll notice that this sometimes green (when in a LONG), sometimes red (when in a SHORT) panel at the right of your chart.
It displays for the selected trading algorithmic (see 2.3.2 above), a ton of useful real-time analytics.
- Entry Price: the price when the Algorithm Builder will give a signal.
- The Trade PnL in percentage.
- Entry Stop Loss: Distance (in currency/units) between the selected stop-loss algorithm (percent, trailing, TP trailing, etc.) and the entry price.
- Entry TP1: Distance (in currency/units) between the entry price and the first take profit
- Entry TP2: Distance (in currency/units) between the entry price and the second take profit
- Risk/Reward TP1: Using the Stop-loss distance at entry, and Take Profit 1 at entry to compute the risk-to-reward ratio.
- Risk/Reward TP2: Using the Stop-loss distance at entry, and Take Profit 2 at entry to compute the risk-to-reward ratio.
For more details, please check the guides section of my website. Links are in my signature and profile status.
2.3.5 Hard Exits
Our trading method is known for the hard exits, also called invalidation.
The Single Trend+ includes a hard exit based on a MACD - settings are flexible and you may update them.
Having a stop-loss protecting your trade is a best practice - Protecting your stop-loss also from getting hit is incredible.
We prefer invalidate a few positions, even if sometimes we don't want to. Rather than the market hard exiting on us, and leaving with our hard-working money.
2.3.6 Alerts
Alerts are enabled for:
- BUY/SELL triangles signals
- Trade Manager (SL, TP1, TP2)
- Hard Exits
III. Pain points that we're trying to solve with our Algorithm Builders
Issue #1 There are many informations / indicators / strategies / backtests / noise. Finding the right ones is not a simple task.
Solution #1 A reliable system that removes the external noise is much needed in trading to stay "in the game".
Issue #2 Trading could be quite stressful - The majority doesn't lose in trading because technical analysis is hard, but because managing our psychology is one of the hardest things a human can do.
Solution #2 Some ways to reduce the "trading stress" could be: getting better quality signals and trading like a "machine". Forgetting about Twitter and trusting the system you designed.
Issue #3 Trading without strict rules and only based on what we feel, or what we think the market should do is the fastest way to kiss our money goodbye.
Only 1 indicator generally is not enough. Traders generally use a combination of several indicators but they're monitoring them individually.
It's normal then to feel exhausted at the end of the day ^^ (to say the least)... and exhaustion leads to mistakes which leads to..... (I'm sure you got it) ... capital loss.
Solution #3 As a trader, I needed a trading framework and a method. I offer our trading method but they're plenty others out there. We cannot claim obviously it's the best ever ....but let's say we're using those exact same
scripts ourselves for our trading. And this what we've been recommending our clients to trade with for the past years. Also, having a tool detecting the convergence of several indicators and giving 1 unique signal
for BUY/SELL position will save you a lot of time/energy, and perhaps might help you out getting better trading performance.
III. Resolving a complex puzzle and having fun in the process
Trading has to stay a passion and not (only be) a source of intense stress.
The most successful traders I know are "trading geeks" - literally always looking for optimizing, searching for the best possible entries, setups, indicators, tools, etc.
For them, it's not even about the money anymore, but only about beating their previous performance.
Why are they doing this? Because it's fun
Might appears as a bold statement, but I guarantee that looking for setups is fun.
One of our users even told us, that it's like playing with "Legos" and we couldn't possibly agree more.
IV. Designing a system that "makes sense"
Another bold statement now. Brace yourselves ladies and gentlemen
The Algorithm Builders allow to design trading systems quickly. What could takes days/weeks/months to find out... might be now within your reach in less than a few hours.
With a bit of practice, less than an hour might be enough per asset/timeframe to find a system that makes sense to you and adapted to your trading capital and psychology.
Assuming our users read our guides and are fully committed to learning a new way of trading - then we do guarantee you'll be able to design kick-ass trading systems that make sense.
"Making sense" doesn't mean at all it's guaranteed to win, it means you're the one defining the convergence of indicators, using your Algorithm Builder, and observe that most of the time - whenever there is a BUY signal, the candlesticks are going upwards - whenever there is a SELL signal, it's going downwards.
This is a necessary step to make real progress from a trading analyst perspective - and hopefully could lead to profits.
V. Algorithm Builder versus the main trader enemy(=psychology)
This indicator has the goal to help solving one of the MAIN issues encountered by traders.
Most of traders realize, they can't perform with only 1 indicator (or 1 price pattern or 1 price action) and need a combination of multiple indicators before getting in a trade.
Far from being a magic pill, if it could at least reduce the stress you have while trading, then we'll consider we made a great job - it's a technical "useless noise remover", and needs to be followed strictly.
Such trust in a trading system can only be built by testing your Algorithm Builder configuration on either:
1. a demo account
2. or a live account with small bids. And then, increasing progressively the bids if your capital increases progressively.
Though, you should still use your common sense. (for instance: if we get a BUY signal right on a big timeframe resistance we're hitting for the first time).
I'm aware this is a new way of trading but for many, and while we cannot foresee the future, neither predict performance, we believe it might save you a lot of time to find good signals.
My maximum level of happiness will be reached the day when our users will contact me and showing me setups being mine.
I'm sure that even I can learn from my users and, we can all learn from each other Algorithm Builder configuration
VI. What is a wrong or bad configuration?
Simply put. If you see that most of your signals react such as described below:
1. a buy triangle predicts, most of the time an upwards move
2. a sell triangle predicts, most of the time a downwards move
3. you estimated yourself the stop-loss needed to give enough room for your trades.
4. take profits based on algorithmic support and resistances or your own take profit method.
So what's a good Algorithm Builder configuration? A configuration you're happy with and makes sense.
A better Algorithm Builder setup is one used in demo or a live account w/ small bids for a few weeks, and you're consistent in your trading performance.
If you have any doubt or question, please hit me up directly or ask in the comments section of this script.
I'll never claim I have the best trading methodology or the best indicators. You only will be the judge, and I'll appreciate all the questions and feedback you're sending my way.
They help me a ton to develop indicators based on all the requests I received.
Kind regards,
Dave
Algorithm Builder - Single Trend+Hello traders
I. SCRIPTS ACCESS AND TRIALS
1. For the trial request access, they have to be done through my website .
2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here : Daveatt
Due to the new scripts publishing house rules, I won't mention the URL here directly. As I value my partnership with TradingView very much, I prefer showing you the way for finding them :)
3. You may also contact me directly for more information
II. Algorithm Builder - Single Trend+
2.1 Concept
That script is an upgrade of the Single Trend:
The Algorithm Builder - Single Trend+ was made to detect the convergence (also called confluence) of many unrelated indicators, giving a BUY or SELL signal whenever all the selected sub-indicators are converging in the same direction.
The Single Trend gives one single entry per identified trend - unlike the Multiple Trends editions (also available on my scripts page) which may give more than 1 entry per trend.
The traders select the sub-indicators they want, and see in real-time the BUY and SELL triangles being updated.
2.2 Why the Algorithm Builder Single Trend may help you
I worked with many traders during my career, and their feedback about trading is often pretty similar.
They all tried a lot of complicated indicators, losing their capital, and finally getting back to the basics (even to the basic indicators if I might say)
The art is finding a good combination of indicators and setting strict money/risk management rules.
Easy in concept, but more than 90+% of traders lose money on the markets... which teach us that trading is not only about drawing trendlines, or using cool indicators but finding ways to ease our psychology while trading.
2.3 The Algorithm Builder trading framework
The sub-indicators (full list on our website) weren't chosen randomly. They're based on a trading method we've developed over the last 6 years - while working with traders and other trading quants.
The Algo Builders are made to detect a convergence - and as such, will give a signal once a trend has been identified.
They're not made to detect reversal but have been designed to give a signal when all sub-indicators are either ALL bullish (green) or ALL bearish (red).
We provide a framework based on indicators we selected because they:
1. make sense to be used altogether
2. work on asset classes like INDEX, CRYPTO, STOCK OPTIONS, FOREX, COMMODITIES
3. it may expand your knowledge about what detecting a convergence with pre-selected indicator really means
2.3.1 Supports and Resistances
The indicator displays the main algorithmic supports and resistances according to our trading method.
I think they're relevant for all asset classes, but you're absolutely free to use any different supports/resistances logic if you want to.
I'm not against it because I know that pivots, Fibonacci levels, etc. may work very well also.
2.3.2 Choose your favorite risk management algorithm
1/ Pre-defined Algo S/R method using:
- a supertrend of the stop-loss
- the nearest algorithmic resistances for the take profit levels.
2/ Define your own Stop-loss and Take-profits level in real-time
Stop-Loss Management
For what's following, let's assume that 2 is the stop-loss value you inserted in the indicator, and the Algorithm Builder gives a BUY signal.
This is NOT a recommendation at all, only an example to explain how this feature works.
- %Trailing: The Stop-Loss starts 2% away from the entry price - and will move up (because we're on a BUY trade as per our example) every time your trade will gain 2% profit
- Percentage: The Stop-Loss stays static 2% away from the entry price. There is no trailing here
- TP Trailing: This is a very awesome feature. The stop-loss is set 2% away when the trades start.
When the TP1 is hit, the stop-loss will be moved to the Entry price (also called breakeven).
When the TP2 is hit, the SL is moved to the previous TP1 position
- Fixed: Set the Stop-Loss at a fixed position (value should be in currency/units)
Take Profits Management
You can manage up to 2 take profit levels defined as a percentage or price value.
The expected input is in percentage value (for instance, setting the % target of TP1 to 2% will set the TP1 level 2% away from the entry price
2.3.3 Built-in Trade Manager
This is very likely the most loved utility script that we shared on TradingView.
It's included in your Algorithm Builder - Single Trend+, and will certainly help you immensely to analyze your charts and your trades.
We made sure that all the graphical elements on the chart will be updated in real-time whenever our user change anything on the indicator configuration.
You'll also be able to change the Trade Manager labels positions as you wish :)
2.3.5 Built-in Risk-to-Reward Panel
The good stuff doesn't stop here.
You'll notice that this sometimes green (when in a LONG), sometimes red (when in a SHORT) panel at the right of your chart.
It displays for the selected trading algorithmic (see 2.3.2 above), a ton of useful real-time analytics.
- Entry Price: the price when the Algorithm Builder will give a signal.
- The Trade PnL in percentage.
- Entry Stop Loss: Distance (in currency/units) between the selected stop-loss algorithm (percent, trailing, TP trailing, etc.) and the entry price.
- Entry TP1: Distance (in currency/units) between the entry price and the first take profit
- Entry TP2: Distance (in currency/units) between the entry price and the second take profit
- Risk/Reward TP1: Using the Stop-loss distance at entry, and Take Profit 1 at entry to compute the risk-to-reward ratio.
- Risk/Reward TP2: Using the Stop-loss distance at entry, and Take Profit 2 at entry to compute the risk-to-reward ratio.
For more details, please check the guides section of my website. Links are in my signature and profile status.
2.3.6 Hard Exits
Our trading method is known for the hard exits, also called invalidation.
The Single Trend+ includes a hard exit based on a MACD - settings are flexible and you may update them.
Having a stop-loss protecting your trade is a best practice - Protecting your stop-loss also from getting hit is incredible.
We prefer invalidate a few positions, even if sometimes we don't want to. Rather than the market hard exiting on us, and leaving with our hard-working money.
2.3.7 Alerts
Alerts are enabled for:
- BUY/SELL triangles signals
- Trade Manager (SL, TP1, TP2)
- Hard Exits
III. Pain points that we're trying to solve with our Algorithm Builders
Issue #1 There are many informations / indicators / strategies / backtests / noise. Finding the right ones is not a simple task.
Solution #1 A reliable system that removes the external noise is much needed in trading to stay "in the game".
Issue #2 Trading could be quite stressful - The majority doesn't lose in trading because technical analysis is hard, but because managing our psychology is one of the hardest things a human can do.
Solution #2 Some ways to reduce the "trading stress" could be: getting better quality signals and trading like a "machine". Forgetting about Twitter and trusting the system you designed.
Issue #3 Trading without strict rules and only based on what we feel, or what we think the market should do is the fastest way to kiss our money goodbye.
Only 1 indicator generally is not enough. Traders generally use a combination of several indicators but they're monitoring them individually.
It's normal then to feel exhausted at the end of the day ^^ (to say the least)... and exhaustion leads to mistakes which leads to..... (I'm sure you got it) ... capital loss.
Solution #3 As a trader, I needed a trading framework and a method. I offer our trading method but they're plenty others out there. We cannot claim obviously it's the best ever ....but let's say we're using those exact same
scripts ourselves for our trading. And this what we've been recommending our clients to trade with for the past years. Also, having a tool detecting the convergence of several indicators and giving 1 unique signal
for BUY/SELL position will save you a lot of time/energy, and perhaps might help you out getting better trading performance.
IV. Resolving a complex puzzle and having fun in the process
Trading has to stay a passion and not (only be) a source of intense stress.
The most successful traders I know are "trading geeks" - literally always looking for optimizing, searching for the best possible entries, setups, indicators, tools, etc.
For them, it's not even about the money anymore, but only about beating their previous performance.
Why are they doing this? Because it's fun
Might appears as a bold statement, but I guarantee that looking for setups is fun.
One of our users even told us, that it's like playing with "Legos" and we couldn't possibly agree more.
V. Designing a system that "makes sense"
Another bold statement now. Brace yourselves ladies and gentlemen
The Algorithm Builders allow to design trading systems quickly. What could takes days/weeks/months to find out... might be now within your reach in less than a few hours.
With a bit of practice, less than an hour might be enough per asset/timeframe to find a system that makes sense to you and adapted to your trading capital and psychology.
Assuming our users read our guides and are fully committed to learning a new way of trading - then we do guarantee you'll be able to design kick-ass trading systems that make sense.
"Making sense" doesn't mean at all it's guaranteed to win, it means you're the one defining the convergence of indicators, using your Algorithm Builder, and observe that most of the time - whenever there is a BUY signal, the candlesticks are going upwards - whenever there is a SELL signal, it's going downwards.
This is a necessary step to make real progress from a trading analyst perspective - and hopefully could lead to profits.
VI. Algorithm Builder versus the main trader enemy(=psychology)
This indicator has the goal to help solving one of the MAIN issues encountered by traders.
Most of traders realize, they can't perform with only 1 indicator (or 1 price pattern or 1 price action) and need a combination of multiple indicators before getting in a trade.
Far from being a magic pill, if it could at least reduce the stress you have while trading, then we'll consider we made a great job - it's a technical "useless noise remover", and needs to be followed strictly.
Such trust in a trading system can only be built by testing your Algorithm Builder configuration on either:
1. a demo account
2. or a live account with small bids. And then, increasing progressively the bids if your capital increases progressively.
Though, you should still use your common sense. (for instance: if we get a BUY signal right on a big timeframe resistance we're hitting for the first time).
I'm aware this is a new way of trading but for many, and while we cannot foresee the future, neither predict performance, we believe it might save you a lot of time to find good signals.
My maximum level of happiness will be reached the day when our users will contact me and showing me setups being mine.
I'm sure that even I can learn from my users and, we can all learn from each other Algorithm Builder configuration
VII. What is a wrong or bad configuration?
Simply put. If you see that most of your signals react such as described below:
1. a buy triangle predicts, most of the time an upwards move
2. a sell triangle predicts, most of the time a downwards move
3. you estimated yourself the stop-loss needed to give enough room for your trades.
4. take profits based on algorithmic support and resistances or your own take profit method.
So what's a good Algorithm Builder configuration? A configuration you're happy with and makes sense.
A better Algorithm Builder setup is one used in demo or a live account w/ small bids for a few weeks, and you're consistent in your trading performance.
If you have any doubt or question, please hit me up directly or ask in the comments section of this script.
I'll never claim I have the best trading methodology or the best indicators. You only will be the judge, and I'll appreciate all the questions and feedback you're sending my way.
They help me a ton to develop indicators based on all the requests I received.
Kind regards,
Dave
Crypto FOMO Strategy (monthly-access)PLEASE READ THE ENTIRE POST BEFORE PURCHASING & USING THE FOMO INDICATOR. Saves you and me some time in emails and messages. :)
This is the NEW MONTHLY ACCESS Version of the Crypto FOMO Strategy
Please check the links at the bottom of this post, so you find the way to our shop.
1 Month access is set at $25
10% Disount --> "FOMO25"
Any question, DM me here or on Twitter , check for link on the bottom.
The FOMO Buy Sell Indicator is a very specific strategy, cut down to its roots and made perfect for the volatile crypto market.
Many indicators focus only on one aspect, one side, one specific rule. As you know, this is not how life, the market or anything else works.
FOMO combines many different aspects at the same time, scans multiple other indicators and comes to a conclusion based on over 950 lines of code.
It is based on Divergences, Elliott Waves , Ichimoku , MACD , MACD Histogram, RSI , Stoch , CCI , Momentum, OBV, DIOSC, VWMACD, CMF and multiple EMAs.
Every single aspect is weighted into the decision before giving out an indication.
Most buy/sell indicators FAIL because they try to apply the same strategy to every single chart, which
are as individual as humans.
To conquer this problem, FOMO has a wide range of settings and variables which can be easily
modified.
To make it a true strategy, FOMO has as well settings for Take Profit Points, Multiple Entries and Stop Losses. Everything with an Alert Feature of course.
I know from experience that many people take one indicator and are simply too LAZY to add multiple indicators to make a rational choice.
The result of that is that they lose money, by following blatantly only one indicator.
FOMO has additional 7 indicators, perfect for the crypto market, which can be turned on and off.
FOMO Signals Settings
“Show Signals?” - On/Off to show the Buy/Sell Signals. “Aggressiveness” - Increase to make the signals less aggressive
and decrease to make them more aggressive.
“Show Custom FOMO Timeframe?” - On/Off to show FOMO Signals of a different timeframe in addition to the normal ones.
“Custom FOMO Timeframe?” - Choose the timeframe for the custom FOMO signals.
“Use Safe FOMO?” - On/Off to show only “safe” (less but more exact) FOMO signals.
“Safe FOMO Sells” - Settings for the “safe” FOMO Sell Signals. Decrease number for “less safe” Signals.
Increase number for “more safe” Signals.
“Safe FOMO Buys” - Settings for the “safe” FOMO Buy Signals. Decrease number for “more safe” Signals.
Increase number for “less safe” Signals.
FOMO Strategy Settings
“Take Profit 1 ” - On/Off to show TP1 points.
“Take Profit After %” - Set the percentage after which TP1 is
active.
“Take Profit 2 ” - On/Off to show TP2 points.
“Take Profit 2 After %” - Set the percentage after which TP2 is active.
“Take Profit 3 ” - On/Off to show TP3 points.
“Take Profit 3 After %” - Set the percentage after which TP3 is
active.
“Second Entry” - On/Off to show Second Entry points.
“Second Entry After %” - Set the percentage after which Second Entry is active.
“Third Entry ” - On/Off to Third Entry points.
“Third Entry After %” - Set the percentage after which Third
Entry is active.
“Stop Loss ” - On/Off to show Stop Loss points.
“Take Profit After %” - Set the percentage after which Stop Loss is active.
The FOMO Lifeguard is a special feature made to cancel out the “noice” of the signals and show only signals with a great technical significance.
For this FOMO uses the default settings of +7 and - 7. This references to an index value of multiple settings of almost all indicators used in this script.
+7 cuts out all sell signals below the index value of 7.
- 7 cuts out all buy signals above the index value of - 7.
Using the FOMO Lifeguard is a key element for a sustainable and profitable strategy.
As the normal FOMO Signals, the Lifeguard Signals are also bound to the “Aggressiveness”. Should the cut out of signals with the Lifeguard on be too big, try adjusting the “Aggressiveness”.
With this, once can choose and make this indicator PERFECT for his own strategy and trading style. Day Traders would use no “Lifeguard” and aggressive signals.
Swing Traders would use “Lifeguard” and aggressive signals.
To make the life of the FOMO user even easier, I have added all adjustable Take Profit Points, Multiple entry points and Stop Loss points.
Simply choose how many Take Profit points you would like to have and choose the percentage after which you would like to see the Take Profit point appear on the chart and notify you to take profits.
Are you a Trader who likes multiple entries? Also no problem with FOMO. Select how many additional entries you would like to have and after how many percent you would like them to appear on the chart and remind you of adding to the position.
What would a Strategy be without a Stop Loss? Same settings apply here as on the TPs and MEs .
Crypto Modified Indicators
“Show Divergences?” - On/Off to show Divergences on the Chart based on the data of 10 different indicators.
“Show Custom Divergences?” - On/Off to show Divergences on the chart of a custom timeframe.
“Custom Divergence Timeframe?” - Choose the Timeframe for which the Custom Divergences should appear on the chart.
“Show Oversold/bought?” - On/Off to change the colour of the chart in Oversold/bought conditions.
“Oversold/bought value?” - Choose a value for which the chart is Oversold/bought.
“Show Fibonacci Levels?” - On/Off to show automatic Fibonacci Levels.
“Fibonacci Lookback Lenght” - This value states how many candles from right now are taken into account to paint the Fibonacci Levels.
“Fibonacci Lookback Lenght” - Choose a custom Timeframe that should be used to paint the Fibonacci Levels.
Crypto Modified Indicators 2
“Show EMAs?” - On/Off to show three EMAs on the chart, after the example of @Teddycleps
“EMA Lenght 1” - Choose a value for the first EMA Lenght
“EMA Lenght 2 ” - Choose a value for the second EMA Lenght.
“EMA Lenght 3” - Choose a value for the third EMA Lenght.
The area between the first and third EMA is filled. Is EMA1 above 21, it’s filled green. Is it below, it’s filled red.
“Show Ichimoku? ” - On/Off to show Ichimoku on the chart.
“Show Tenkin?” - On/Off to show Tenkin on the chart.
“Tenkin” - Set the lenght of the Tenkin.
“Show Kijun?” - On/Off to show Kijun on the chart.
“Kijun” - Set the lenght of the Kijun.
“Show Senkou?” - On/Off to show the Senkou on the chart. “Senkou” - Set the lenght of the Senkou.
“Displacement” - Set the value of the Displacement.
“Show ZIG ZAG Lines?” - On/Off to show ZigZag Lines on the chart, used to identify short-term trends and EW counts.
“ZZ Lenght 1” - Set the first lenght of the ZigZag Lines.
“ZZ Lenght 2” - Set the second lenght of the ZigZag Lines.
FOMO without any doubt has Custom Alerts for all Signals that it is painting on the chart. This goes for the “Normal Signals” as well as for the “Lifeguard Signals”.
One can even choose to receive custom notifications for Take Profit points, Multiple Entry points and the Stop Loss points.
The signals appear on the chart DURING the candle, not at the end of the candle. Therefore, the alerts do this as well. These appear during the candle.
Here we can see all of the possible Alerts that can be chosen to be displayed. In total it is 30 different custom alerts, based on what the trader is looking for and how he is trading.
Personally, I have 10-15 coins that I trade the most and for these I have custom notifications, mostly though only the SAFE FOMO Buy and Sell Signals.
To activate Alerts for FOMO
1) Go to the “ALERT” icon on the top tool bar of your Tradingview.
2) Select “CONDITION” as “—Crypto FOMO Strategy—“
3) Then choose ONE condition from the list of conditions.
4) On “OPTIONS” you can set how many times it appears, I have “Once per Bar”.
4.1) If you want to make sure that the signal is truly there and not just a condition for a second during the candle, choose “ONCE PER BAR CLOSE”.
5) “Expiration Time” sets the time until the alert expires. PRO users have no expiration for alerts.
6) “Alert Actions” give you a row of choices what happens and how you want to be notified.
7) “Message” is the message that you receive inside the notification.
AFTERWORD/DISCLAIMER
FOMO has been created after my goal to #MakeCryptoProfessionalAgain. Every aspect of it has its own and very specific use, which traders have shown to find useful in their trading.
This Indicator is meant to help new and experienced traders to understand the various aspects of this market and access all of the most important and most commonly used tools, with JUST ONE CLICK.
FOMO should be used responsibly and treated as an indicator. Signals, scripts, algorithms can NEVER be 100% exact. It is up to the trader to make a well thought and educated decision, wether to follow a signal or not. Our brains are way more advanced than any indicator and algorithm.
I advise especially for this reason to have not just the signals turned on. Please do not use the SAME settings for each chart. Look which Aggressiveness and Lifeguard Settings fit your chart the most, you will be amazed how well some charts work with FOMO.
FOMO should NOT make you FOMO into a trade anymore. It should teach you to make more educated decisions and especially for margin trading reduce the risk of liquidation.
Should you have problems with being liquidated multiple times, I advise to use the “STOP LOSS” function.
Most importantly, enjoy the indicator and trading in general.
BORSACA TRADERBORSACA TRADER does NOT REPAINT. If the signal occurs it will be forever. Easy and profitable strategy optimized for Crypto, Foreks and Stock Markets...
This indicator gives you Long and Exit signals all timeframes...
BORSACA TRADER is optimized to catch trend movements as soon as possible and maximize profitability.
Strategy tester results. 96% Profitable on BTCUSD Daily scale. Test other markets you want.
WE RELY ON OUR INDICATOR TO THE END. AND WE ASSURE YOU THERE IS NOTHING BETTER THAN THE BORSACA TRADER INDICATOR.
Best regards and happy trading.
Herif's winning strategy option. Check the strategy tester results success than %96
Safe Mode as optional parameter. You can enable this to prevent some riskier trades to happen at the cost of some profitability. Use it if you are more conservative in trading.
Normal Mode signals for Buy and Sell. Trade Mode signals for buy and sell use with support and resistance levels.
Auto Support And Resistance ..
Auto Fibonacci Levels...
BORSACA TRADER indicator is the best option for everybody in financial markets. Check my Profile Page for more information and follow me, like and favorite my indicator and support your positive response and take a message for 10 days trial.
UPDATED PINE SCRIPT V4
Happy trading. Good luck :)
Borsaca Demo Limited Time OnlyThis indicator does NOT REPAINT. If the signal occurs it will be forever. Easy and profitable strategy optimized for Crypto, Foreks and Stock Markets...
This indicator gives you Long and Exit signals all timeframes...
BORSACA TRADER is optimized to catch trend movements as soon as possible and maximize profitability.
Strategy tester results. 96% Profitable on BTCUSD Daily scale. Test other markets you want.
WE RELY ON OUR INDICATOR TO THE END. AND WE ASSURE YOU THERE IS NOTHING BETTER THAN THE BORSACA TRADER INDICATOR.
Best regards and happy trading.
Herif's winning strategy option. Check the strategy tester results success than %96
Safe Mode as optional parameter. You can enable this to prevent some riskier trades to happen at the cost of some profitability. Use it if you are more conservative in trading.
Normal Mode signals for Buy and Sell. Trade Mode signals for buy and sell use with support and resistance levels.
Auto Support And Resistance ..
Auto Fibonacci Levels...
BORSACA TRADER indicator is the best option for everybody in financial markets. Check my Profile Page for more information and follow me, like and favorite my indicator and support your positive response and take a message for 10 days trial.
Happy trading. Good luck :)
BorsacaThis indicator does NOT REPAINT. If the signal occurs it will be forever. Easy and profitable strategy optimized for Crypto, Foreks and Stock Markets...
This indicator gives you Long and Exit signals all timeframes...
BORSACA TRADER is optimized to catch trend movements as soon as possible and maximize profitability.
Strategy tester results. 96% Profitable on BTCUSD Daily scale. Test other markets you want.
WE RELY ON OUR INDICATOR TO THE END. AND WE ASSURE YOU THERE IS NOTHING BETTER THAN THE BORSACA TRADER INDICATOR.
Best regards and happy trading.
Herif's winning strategy option. Check the strategy tester results success than %96
Safe Mode as optional parameter. You can enable this to prevent some riskier trades to happen at the cost of some profitability. Use it if you are more conservative in trading.
Normal Mode signals for Buy and Sell. Trade Mode signals for buy and sell use with support and resistance levels.
Auto Support And Resistance ..
Auto Fibonacci Levels...
BORSACA TRADER indicator is the best option for everybody in financial markets. Check my Profile Page for more information and follow me, like and favorite my indicator and support your positive response and take a message for 10 days trial.
Happy trading. Good luck :)
BORSACA TRADER LIMITED TIME USE ONLYThis indicator does NOT REPAINT. If the signal occurs it will be forever. Easy and profitable strategy optimized for Crypto, Foreks and Stock Markets...
This indicator gives you Long and Exit signals all timeframes...
BORSACA TRADER is optimized to catch trend movements as soon as possible and maximize profitability.
Strategy tester results. 96% Profitable on BTCUSD Daily scale. Test other markets you want.
WE RELY ON OUR INDICATOR TO THE END. AND WE ASSURE YOU THERE IS NOTHING BETTER THAN THE BORSACA TRADER INDICATOR.
Best regards and happy trading.
Herif's winning strategy option. Check the strategy tester results success than %96
Safe Mode as optional parameter. You can enable this to prevent some riskier trades to happen at the cost of some profitability. Use it if you are more conservative in trading.
Normal Mode signals for Buy and Sell.
Trade Mode signals for buy and sell use with support and resistance levels.
Auto Support And Resistance..
Auto Fibonacci Levels...
BORSACA TRADER indicator is the best option for everybody in financial markets. Check my Profile Page for more information and follow me, like and favorite my indicator and support your positive response and take a message for 10 days trial.
Happy trading. Good luck :)
PD Crypto Performer PRO (Alert)Description:
This indicator includes two strategies for crypto assets, a trend-identifying swing strategy and a low risk scalping strategy. For decision making, the Performer strategy mainly uses smoothed Simple Moving Averages (SMA) and divergences in Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and histogram. A leading indicator (eg. BTCUSD for crypto) is also used for more accurate and timely market identification.
To assist the decision-making process, the code currently references BTCUSD. As a result, it is only suitable for crypto traders. However, we are working on the stock and forex versions, and the Performer will have these compatibilities soon.
Most importantly, our signals DO NOT REPAINT !
Recommended Use:
- Time Frame: 1HR
- Asset: Large cap crypto assets.
For lower risk tolerance, we recommend using the indicator on ETHUSD. For maximizing profits, we recommend using the indicator on BCHUSD.
- Always set stop loss according to your own risk tolerance
- Take profits along the way. Check out this video tutorial for when to reenter after our take profit signals.
Recommended Use for Advanced Traders:
- Position sizing:
Larger position if the 1HR signal is in the same direction compared to the 4HR trend.
Smaller position if the 1HR signal is in the opposite direction compared to the 4HR trend.
- Better entry/exit points:
Track the 1HR signal for the asset you are trading on other exchanges along with the BTCUSD 1HR signal. Sometimes, the signals from different exchanges occur with a 1-2 hour difference. You could use these earlier signals along with a lower time frame (eg. 15min) entry confirmation from your own exchange for better entry / exit points.
- Use “Take Profit” signals for counter trend scalps. Recover at the reentering opportunities . This works best with candlestick pattern confirmations.
Never use this if you suspect a flag / inverted flag pattern is forming.
Go to www.phi-deltalytics.com and sign up for a FREE trial today!
Let us know if you have any questions or recommendations. We are here for your success!
Disclaimer:
It should not be assumed that the methods, techniques, or indicators presented will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell.
Intelligent Exponential Moving Average Private AccessView the full documentation on this indicator here: www.kenzing.com
Note: This indicator is now intended for those who have been granted private access and may be more frequently updated than the previous versions.
Introduction
This indicator uses machine learning (Artificial Intelligence) to solve a real human problem.
The Exponential Moving Average ( EMA ) is one of the most used indicators on the planet, yet no one really knows what pair of exponential moving average lengths works best in combination with each other.
A reason for this is because no two EMA lengths are always going to be the best on every instrument, time-frame, and at any given point in time.
The " Intelligent Exponential Moving Average " solves the moving average problem by adapting the period length to match the most profitable combination of exponential moving averages in real time.
How does the Intelligent Exponential Moving Average work?
The artificial intelligence that operates these moving average lengths was created by an algorithm that tests every single combination across the entire chart history of an instrument for maximum profitability in real-time.
No matter what happens, the combination of these exponential moving averages will be the most profitable.
Can we learn from the Intelligent Moving Average?
There are many lessons to be learned from the Intelligent EMA . Most will come with time as it is still a new concept. Adopting the usefulness of this AI will change how we perceive moving averages to work.
Limitations
Ultimately, there are no limiting factors within the range of combinations that has been programmed. The exponential moving averages will operate normally, but may change lengths in unexpected ways - maybe it knows something we don't?
Thresholds
The range of exponential moving average lengths is between 5 to 40.
Additional coverage resulted in TradingView server errors.
Future Updates!
Soon, I will be publishing tools to test the AI and visualise what moving average combination the AI is currently using.
Follow and like for more content!
Intelligent Moving Average Private AccessNote: This indicator is intended for those who have been granted private access and may be more frequently updated than the previous versions.
Introduction
This indicator uses machine learning (Artificial Intelligence) to solve a real human problem.
The Moving Average is the most used indicator on the planet, yet no one really knows what pair of moving average lengths works best in combination with each other.
A reason for this is because no two moving averages are always going to be the best on every instrument, time-frame, and at any given point in time.
The " Intelligent Moving Average " solves the moving average problem by adapting the period length to match the most profitable combination of moving averages in real time.
How does the Intelligent Moving Average work?
The artificial intelligence that operates these moving average lengths was created by an algorithm that tests every single combination across the entire chart history of an instrument for maximum profitability in real-time.
No matter what happens, the combination of these moving averages will be the most profitable.
Can we learn from the Intelligent Moving Average?
There are many lessons to be learned from the Intelligent Moving Average. Most will come with time as it is still a new concept.
Adopting the usefulness of this AI will change how we perceive moving averages to work.
Limitations
Ultimately, there are no limiting factors within the range of combinations that has been programmed. The moving averages will operate normally, but may change lengths in unexpected ways - maybe it knows something we don't?
Thresholds
The range of moving average lengths is between 5 to 40.
Additional coverage resulted in TradingView server errors.
Future Updates!
This indicator will be maintained and many updates will come in the near future! Stay tuned.
View the documentation on this indicator here: www.kenzing.com
5X 15-min Momentum Scalper by SW9KThis is the alpha release-candidate study script with indicator alerts included. It is currently open for select individuals to test.
The core of this momentum scalper is primarily based on a modified Schaff Trend (which in itself is based on Stochastic elements and MACD) and a modified T3-CCI oscillator, specifically calibrated for 15-minute type movements -- do not apply to any other timeframes. Although it will take small scalps, it is designed to recognize when to ride out underwater positions so use maximum leverage or 5X or you may risk liquidation. Also, there is a stop loss setting feature, but it may reduce profits and win rate.
You can verify the highly accurate 75% win rate performance statistics with 100,000 XBTUSD contracts simulated at .
Features:
40% 3-month net profit, 74.48% win rate, 2.988 profit factor, 3.13% max drawdown, adjusted Sharpe ratio of ~3
Optimized for 15 minute timeframe scalping
Attempts to recognize when to keep position open and ride them out into profitable or breakeven
Profitable even with full Bitmex taker fees (0.075%)
Pyramiding Setting (default 3)
Aggressive Mode to increase entries and potential profits at higher risk
Easy-to-set binary Alerts
Follow SW9K at www.twitter.com
[HTI] Hiubris Trend Indicator 1.4Hiubris Trend Indicator is super easy to use.
The Indicator includes Long and Short signals on chart, based on the current Trend direction - These signals can be also set up as Alerts.
It also includes multiple partial Exit Points (Take Profits) that can be used to lock in the profit you have made - These signals can be also set up as Alerts.
The Take Profits have a custom input that can be adjusted by the user regarding the frequency of the take profits - (The risk involved in each trade)
The indicator has a special Stop Loss feature that activates after a certain custom number of Take Profit points passed, locking down your profits you have made so far - These signals can be also set up as Alerts.
Hiubris Trend Indicator is very profitable on higher timeframes (45min, 2h, 4h) - It can also be used on lower timeframes, together with another HigherTimeframe Trend indicator, acting as a filter for the alerts (Ex: Hiubris Long Term Trend)
ALPHA: ReversalWhat is a divergence?
In the case of strength and momentum indicators, it is when the price deviates from the movement of the oscillator, it can have significant implications for trade management.
Divergences in an uptrend occurs when the price makes a higher high but the indicator does not. In a downtrend, divergence occurs when the price makes a lower low, but the indicator does not. When a divergence is spotted, there is a higher probability of a price reversal.
Divergences helps the trader recognize and react appropriately to a change in price action. It tells us something is changing and the trader must make a decision, such as tighten the stop-loss or take profit. Seeing divergences increases profitability by alerting the trader to protect profits or open a position.
Divergences indicate that something is changing, but it does not automatically mean the trend will reverse. It signals the trader must consider holding, tightening the stop loss, opening a position or take profit.
Introduction
The Alpha: Reversal is an indicator based off of the Stochastic, Relative Strength Index and Momentum indicator. Its sole purpose is to be able to identify divergences when they matter and identify high probability reversal areas. The formula used between the three indicators will be kept proprietary, in addition to the slight changes made on the Stochastic formula. The indicator plots the histogram with a divergence formula within a 14 period look-back on default. Additionally, there is a moving average of the histograms movement to identify the divergences when they matter.
Divergences exist on just about every candle, most of the time they are at a minuscule level. Rarely do the price and oscillator movement collude, the question becomes when do these divergences matter?
With that in mind I approached the task of finding a reliable reversal model. On default, the indicator has a moving average that measures the past histogram (the formula of the three indicators) movement to identify when a high potential trend shift may happen.
Keeping volatility in mind there is a feature called "Fixed Threshold" in settings. Various assets move at different speeds, so the indicator needs the ability to adjust to fit the assets speed. This "Threshold" option does not have a set of rules to use for each asset, the option is there though, so it may be adjusted by the analyst manually if the histogram moving average seems inaccurate due to volatility or lack thereof. In future publications (or possibly indicator updates) I plan on expanding on a fixed set of rules for various assets. This will take considerable time to research and backtest the various values needed for an asset's speed, so for now the default MA can be used until you are comfortable with adjusting the threshold level manually.
The look-back period on the histogram and threshold MA can be adjusted to whichever time period you would like. However, the default 14 is typically what is best considering the inputs of the three underlying indicators.
Analysis
The indicator is actually quite simple to read. When the price spikes blue, there is a high probability of reversal, same goes for red but in the opposite fashion. Now as always, you should use this indicator as an analysis tool and not rely on it by itself. Many times Cryptocurrencies couldn't care less about strength or oversold/overbought and volume explodes out of nowhere, I highly recommend you use price action in addition to Alpha: Exhaustion and Alpha: Volume with this tool. Oh wait, Alpha: Volume is not out yet.... SOON. :)
Point is, use proper analysis techniques with this indicator, nothing is perfect. NOTHING. But the Alpha: Reversal is a great tool to use for not only the beginner trader, but the advanced also. There is a ton of ways to use this indicator beyond the high probability reversal areas, I am discovering some really neat patterns within my new formula that I plan on expanding on in future publications, i.e. dead cat bounces and relief candles plus a few more.
Conclusion
The Alpha: Reversal is a great analysis tool that I now use on all my charts, as time goes on I plan on holding classes for its users on a regular basis to expand on the various techniques that can be implemented in addition to publishing research relevant to its purpose.
Access to the indicator can be purchased on my site www.thetradingwizard.com with either a monthly option for this & the Alpha: Exhaustion (), or a lifetime subscription independently. All updates and changes will be done automatically and included for every user. The Alpha series is designed to help you make your analysis easier to comprehend and more accurate, I really think this one will be enjoyed by many for years to come, I have enjoyed designing and using this immensely. As always, please make your own decisions when trading and use proper analysis techniques.
Note: The options within the Alpha: Reversal allow the indicator to be used on any timeframe & any asset. As with any indicator, the higher the timeframe, the higher the accuracy.
Disclaimer
Nothing in this post is to be used or construed as financial advice. This post is meant as an educational post to explain the functions of the indicator.
Bold PlotA remarkable algorithm creates entry, re-entry, take profit, safety exit signals. Nothing to set. There is only config code.All signals are being created when new candle opens. Ergo, never repaints. This also helps alarms to be set directly as "once per bar".
Now only for XBTUSD - Bitmex - 2h
Entries: When the algorithm creates an initial entry signal, it also follows the recent trend.
Re-Entries: If the algorithm senses a retracement or correction however the price movement within recent trend, the script creates re-entry signal.
Take Profit: Apart from the main entry algorithm, completely different algorithm has been developed for take profit signals. Expect maximum of 3 take profit signals after each initial entry and re-entries. Maximum of 3 TP signals aim to reach best profit levels rather than contingency.
Safety Exit Signals: Another individual algorithm apart from both entries and take profit signals. If the algorithm senses that the price movement might be in danger opposite to recent position, it creates safety exit signal for only once. This type of signals can also be considered as contingency signals. They can either be a take profit or stop loss. Be aware! This type of signals do not focus on exiting the position completely. They have designed to exit the position 60%-80% and re-enter if the the algorithm creates re-entry signals. There might be take profit signals following the safety exit signals as this situation does not affect take profits.
Current Config Codes:
XBTUSD - Bitmex - 2h / Config Code: 1
Efficient PriceTrading The Movements That Matters
Inspired by the Price Volume Trend indicator the Efficient Price aim to create a better version of the price containing only the information a trend trader must need.
Calculation
This indicator use the Efficiency Ratio as a smoothing constant, it is calculated as follow :
ER = abs(change(close,length))/sum(abs(change(close)),length)
The goal of the Efficiency Ratio is to show if the market is trending or ranging.If ER is high then the market is considered to be trending, if ER is low then the market is considered to be ranging.
Then the Efficient Price is calculated :
EP = cum(change(close)*ER)
When the price is trending, the indicator will show movements of the price with unchanged volatility, but if the price is not trending then the indicator will flatten those movements.Think of this indicator as both a filter and a compressor and the Efficient Price as some kind of threshold.
The Efficient Price As Input For Indicators/Strategies
If the indicator show the movement of the trending price, it can be interesting to use it as input in order to reduce the number of false signals in a strategy.
We will test 2 MACD strategy provided by tradingview, one using the closing price (In Red) and one with the efficient price (In White) as input
with both the following parameters :
fastLength = 50
slowlength = 200
MACDLength = 20
length = 50
Where length is the parameter of the Efficient Price.A spread of 2 pips is used.
Without Efficient Price : 26.88% of profitability, 69 pips of profit.
With Efficient Price : 38.46% of profitability, 336 pips of profit.
The difference of profitability is of 11.58%, the strategy with the Efficient Price made few trades and its equity have a lower variance than the equity of the MACD strategy using closing price.
Smoothed Version
It is possible to smooth the indicator output by using the following code :
EP = cum(change(close,length)*ER)
Hope you enjoy
For any questions/demands feel free to pm me, i would be happy to help you
Intelligent Volume-weighted Moving Average (AI)Introduction
This indicator uses machine learning (Artificial Intelligence) to solve a real human problem.
The volume-weighted moving average (VWMA) is one of the most used indicators on the planet, yet no one really knows what pair of volume-weighted moving average lengths works best in combination with each other. A reason for this is because no two VWMA lengths are always going to be the best on every instrument, time-frame, and at any given point in time.
The "Intelligent Volume-weighted Moving Average" solves the moving average problem by adapting the period length to match the most profitable combination of volume-weighted moving averages in real time.
How does the Intelligent Volume-weighted Moving Average work?
The artificial intelligence that operates these moving average lengths was created by an algorithm that tests every single combination across the entire chart history of an instrument for maximum profitability in real-time.
No matter what happens, the combination of these volume-weighted moving averages will be the most profitable.
Can we learn from the Intelligent Volume-weighted Moving Average?
There are many lessons to be learned from the Intelligent VWMA. Most will come with time as it is still a new concept. Adopting the usefulness of this AI will change how we perceive moving averages to work.
Limitations
This indicator does not change what has already been plotted and does not repaint in any way shape or form which means it is excellent for trading in real-time!
Ultimately, there are no limiting factors within the range of combinations that has been programmed. The volume-weighted moving averages will operate normally, but may change lengths in unexpected ways - maybe it knows something we don't?
Thresholds
The range of VWMA lengths is between 5 to 40.
The black crosses can be turned off in the settings panel.
Test this indicator!
I am also publishing tools that can be used to back-test this indicator and understand what period length is currently being used.
There will be many more updates to come so stay tuned!
Updated documentation and access to this indicator can be found at www.kenzing.com
Intelligent Exponential Moving Average (AI)Introduction
This indicator uses machine learning (Artificial Intelligence) to solve a real human problem.
The Exponential Moving Average (EMA) is one of the most used indicators on the planet, yet no one really knows what pair of exponential moving average lengths works best in combination with each other.
A reason for this is because no two EMA lengths are always going to be the best on every instrument, time-frame, and at any given point in time.
The "Intelligent Exponential Moving Average" solves the moving average problem by adapting the period length to match the most profitable combination of exponential moving averages in real time.
How does the Intelligent Exponential Moving Average work?
The artificial intelligence that operates these moving average lengths was created by an algorithm that tests every single combination across the entire chart history of an instrument for maximum profitability in real-time.
No matter what happens, the combination of these exponential moving averages will be the most profitable.
Can we learn from the Intelligent Moving Average?
There are many lessons to be learned from the Intelligent EMA. Most will come with time as it is still a new concept. Adopting the usefulness of this AI will change how we perceive moving averages to work.
Limitations
Ultimately, there are no limiting factors within the range of combinations that has been programmed. The exponential moving averages will operate normally, but may change lengths in unexpected ways - maybe it knows something we don't?
Thresholds
The range of exponential moving average lengths is between 5 to 40.
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Future Updates!
Soon, I will be publishing tools to test the AI and visualise what moving average combination the AI is currently using.
