Hello, Tradingview community,
I am been playing with this idea that nowadays trading instruments are interconnected and when one goes too far "out of order" it should return to the mean.
So, here's a relatively simple idea.
This is a LONG-ONLY strategy.
Buy when your traded instrument's last bar closes down, and the comparing instrument closes up.
...
Scale In : Scale Out strategy is an adaptation and extension of dollar-cost-averaging.
As the name implies it not only scales in - allocates a given percentage of available capital to buy at each bar - it also scales out - sells a given percentage of holdings at each bar when a target profit level is reached.
The strategy can potentially mitigate risks...
The "Mean Reversion with Incremental Entry" strategy, designed by HedgerLabs, is an advanced TradingView strategy script focusing on the mean reversion technique in financial markets. This strategy is engineered for traders who prefer a systematic approach with an emphasis on incremental entries based on price movements relative to a moving average.
Key...
🚀 Presenting the Enhanced Ehlers Combo Strategy 🚀
Hello Traders! 👋 I'm thrilled to share the latest version of the Ehlers Combo Strategy v2.0. This powerful algorithm combines Ehlers Elegant Oscillator, Decycler, Instantaneous Trendline, Spearman Rank, and introduces the Signal to Noise Ratio for even more precise trading signals.
📊 Strategy Highlights:...
Hi Traders !
Introduction:
I have recently been exploring the world of automated algorithmic trading (as I prefer more objective trading strategies over subjective technical analysis (TA)) and would like to share one of my automation compatible (PineConnecter compatible) scripts “Session Breakout Scalper”.
The strategy is really simple and is based on time...
Overview:
The "Midnight Candle Color Strategy with 1-Hour Delay and SL/TP" is a unique trading strategy designed for the Forex market. This strategy capitalizes on the color of the midnight candle based on New York time, making trade decisions one hour later, at 1:00 AM.
Key Features:
Time Zone Adjustment: Automatically adjusts to New York time (UTC-5 or UTC-4...
Quite recently I came upon a concept of Trailing Take Profit and I couldn't find a PineScript which implements it for the fastest possible execution, so here it is :)
Everybody knows Trailing StopLoss - an invisible mechanism follows the price and exits the trade once the price retreats too much from its recent most extended favourable value. Trailing TakeProfit...
█ Introduction and How It Is Different
The FlexiMA Variance Tracker by PresentTrading introduces a novel approach to technical trading strategies. Unlike traditional methods, it calculates deviations between a chosen indicator source (such as price or average) and a moving average with a variable length. This flexibility is achieved through a unique combination...
█ OVERVIEW
TASC's January 2024 edition of Traders' Tips features an article titled “Gap Momentum” by Perry J. Kaufman. The article discusses how a trader might create a momentum strategy based on opening gap data. This script implements the Gap Momentum system presented therein.
█ CONCEPTS
In the article, Perry J. Kaufman introduces Gap Momentum as a...
█ Introduction and How It Is Different
The "Elliott's Quadratic Momentum - Strategy" is a unique and innovative approach in the realm of technical trading. This strategy is a fusion of multiple SuperTrend indicators combined with an Elliott Wave-like pattern analysis, offering a comprehensive and dynamic trading tool. It stands apart from conventional strategies...
Do you often find yourself creating new 'strategy()' scripts for each trading system? Are you unable to focus on generating new systems due to fatigue and time loss incurred in the process? Here's a potential solution: the 'Backtesting Module' :)
INTRODUCTION
Every trading system is based on four basic conditions: long entry, long exit, short entry and short...
Donchian Channel Setup:
The strategy uses a tool called the Donchian Channel. Imagine this as two lines (bands) on a chart that show the highest and lowest prices over a certain number of past trading days (default is 20 days).
There's also a centerline, which is the average of these two bands.
Entry Conditions for Trades:
Buying (Going Long): The strategy...
A little late posting this but here it is, as promised!
This is the companion to the COSTAR indicator.
What it does:
It creates a co-integration paired relationship with a separate, cointegrated ticker. It then plots out the expected range based on the value of the cointegrated pair. When the current ticker is below the value of its co-integrated partner, it...
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Trend following strategy.
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Strategy uses two channels. One channel - for opening trades. Second channel - for closing.
Channel is similar to Donchian channel, but uses Close prices (not High/Low). That helps don't react to wicks of volatile candles (“stop hunting”). In most cases...
Hey there, this is my first time publishing a strategy. The strategy is based on the London Breakout Idea, an incredibly popular concept with abundant information available online.
Let me summarize the London Breakout Strategy in a nutshell: It involves identifying key price levels based on the Tokyo Session before the London Session starts. Typically, these key...
MACD Relative Strenght Strategy :
INTRODUCTION :
This strategy is based on two well-known indicators: MACD and Relative Strenght (RS). By coupling them, we obtain powerful buy signals. In fact, the special feature of this strategy is that it creates an indicator from an indicator. Thus, we construct a MACD whose source is the value of the RS. The strategy...
This is a strategy script that combines trend-based price action analysis with the Relative Strength Index (RSI) and Exponential Moving Averages (EMA) as trend filters. Here's a summary of the key components and logic:
Price Action Candlestick Patterns:
Bullish patterns: Engulfing candle and Morning Star.
Bearish patterns: Engulfing candle and Evening Star.
...
█ Introduction and How it is Different
In the world of technical trading, the Elliott Wave Fusion strategy stands out as a groundbreaking approach, integrating the predictive power of Elliott Wave theory with the precision of Bollinger Bands and Supertrend indicators.
This strategy differs from traditional methods by offering a unique blend of pattern...
![BTCUSD: FlexiMA Variance Tracker - Strategy [presentTrading]](https://s3.tradingview.com/r/R9qM6XrY_mid.png "FlexiMA Variance Tracker - Strategy [presentTrading]")
![BTCUSD: Elliott's Quadratic Momentum - Strategy [presentTrading]](https://s3.tradingview.com/w/warXbPtA_mid.png "Elliott's Quadratic Momentum - Strategy [presentTrading]")
![BA: COSTAR Strategy [SS]](https://s3.tradingview.com/m/miu31FHi_mid.png "COSTAR Strategy [SS]")
![ETHUSD: Elliott Wave Fusion - Strategy [presentTrading]](https://s3.tradingview.com/u/uEQ3hQfw_mid.png "Elliott Wave Fusion - Strategy [presentTrading]")