steadforwardx

Trend Movement S1-TM

Idea:
This script combines: Moving Average (MA), Directional Movement (DMI), MACD
When condition of long or short position from all mentioned indicator are met script opens position. Once trend changes, it closes the position.
Then add some filter conditions to avoid noise.

Concept:
(Note that we take the close to get the closing price)
-Using only cross up down with MA will give a reversal point, but the downside is that it can be noisy.
-MACD will show the current trend detected by cross point.
-Then the +DI , -DI , ADX values are taken into account to confirm the price direction and movement strength.
-This strategy solves this problem by combining 2 more moving averages called 2 trend lines 1 long and 1 short. When the short line crosses up, it will show that the price trend is increasing (at this time the background between these 2 lines will be green) and vice versa (red). To determine if the current trend is bullish or bearish . This will avoid buying when price tend to go down.
-However, there will be many points where some more complex logic is needed. It will add conditions and calculate the probabilities before triggering the signals (You can see them through the item symbols B1, B2, ... ).

How it works:
1. The thin line is stand for short term moving average, and the thick line is stand for long term moving average.
If thin lines cross the thick lines, their color and background will turn green, the price is tend to go up (Uptrend).
If thin lines cross down thick lines, their color and background will turn red, the price is tend to go down (Downtrend).
2. Ability to check the checkbox in setting to show the Golden/De*ath cross.
The yellow symbol "+" is the Golden cross.
The black symbol "+" is the De*th cross.
3. Buy and Sell are show clearly on strategy as the buy and sell point. The default source from bar is CLOSE
4. Setting "Buy only" it using for spot market.
5. When "Not buy in down trend" is checked, it will not trigger buy when in down trend (thin lines cross down thick lines like description in 1.)
6. Setting High spread will call Close buy when it match the High spread bar with the High spread % value
7. It provides setting "Back test From date/To date" for backtest feature. You can set "BacktestFrom date" as the begin of test period. If check box "Using To Date" is check: "Backtest To Date" will be the end of test period.

Suitable time frames:
4h, 1D, 1W

* Please note that this logic does not attempt to predict future prices or 100% accurate signal; Strategy Tester are available to test the profitability of this strategy.
(INVITE ONLY indicator. Please direct message or visit website to try it out)
Hope you guys enjoy!

Examples:
BTCUSD 4H

TSLA 4H
Release Notes:
Add Sell signal 5th, This sell signal will cover case ADX is low and DI+ crossunder ADX before (DMI).
Release Notes:
Able to turn on/of buy sell.
Release Notes:
Enhance input conditions combined with EMA.
Add Take Profit 1;2.
Add separate Stoploss percentage for buy and sell.
Replace "Buy Only" with "Enable Buy" and "Enable Sell".
Remove "Exit Buy after high spread" (due to incompatibility with many cases).
It's now suitable with time frame 1H 2H (customize the time frame and ema as well as the conditions to be more optimal).
Release Notes:
Enhance Take profit/ sell entry conditions.
Release Notes:
Remove duplicate Buy entries
Release Notes:
Enable configs:
-Ratio of Entry/Fast MA (the ratio of entry price and the thin line). This will affect the TP.
-Ratio of Entry/Slow MA (the ratio of entry price and the thick line).
-MACD.
Release Notes:
Update close condition of Buy1 (B1)
Release Notes:
Add custom alert message. You can custom alert message and use it by {{strategy.order.alert_message}}.
Example: Custom Entry Long message with "Mode=buy quan 20". If empty "" , it will be populated by default.
Release Notes:
Clear position before entering a new one. That means the "Close all Sell" or "Close all Buy" order will be sent before the Entry position. Not only is this an easy way to approach APIs or bots, but it also prevents duplicate or different order size.

Don't confuse the clearing position in the script with the position in your account. All transactions require your understanding and approval. If you implement the API yourself, please make sure you have handled this on your server side.
Release Notes:
Enhance entry conditions:
  • Add 2 parameters and . These will be calculated with corresponding .
  • Makes TP1 take smaller profits instead of waiting for big profits to close TP1.
  • Reduced number of sideways trades by 4%..
Release Notes:
Fix tool tip description
Release Notes:
Fix typo
Release Notes:
Update condition and trigger of TP

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact steadforwardx for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Author's instructions

Please direct message or visit website to try it out

Want to use this script on a chart?

Warning: please read before requesting access.