This script used a grid system that is set when a "buy" signal is sent to generate profits inside of a range. This script used macd to weed out bad buys and then sells once the price either reaches the grid - or hits the stoploss. This works best in bullish and ranging markets.
The purpose of this tool is to help the trader determine a safe stop loss price and take profit which dynamically changes due to ATR (Average True Range) This tool uses the concept of ATR (Average True Range) Risk Reward Ratio (Money Management method) How is ATR Stop Loss and Take Profit Finder working Step 1 ) Tool will calculate TR(True...
This is a multiple multi-timeframe version of famous supertrernd only with Heikin Ashi as source. Atr which stands in the heart of supertrend is calculated based on heikin-ashi bars which omits a great deal of noises. with 6 multiplication of the supertrend, its simply much easier to spot trend direction or use it as trailing stop with several levels available....
(My goal creating this indicator) : Provide a way to enter the market systematically, automatically create Stop Loss Levels and Take Profit Levels, and provide the position size of each entry based on a fix Percentage of the traders account. The Underlying Concept : What is Momentum? The Momentum shown is derived from a Mathematical Formula, SUPERTREND. When...
Thank You For Open Source Code, This Strategy Ref. By 1.Simple Strategy Like MA Crossover For Long/Short or Spot Trade, 2. CDC Action Zone V.2 for BarPaint This Strategy Mixing With MA Crossover Strategy and BarPaint By CDC Action Zone and TP/SL by Varbara ### How To Use Strategy : Setting EMA/SMA Crossover EMA/SMA, Any Value If You Want For Long Position :...
The purpose of strategy is to detect long-term uptrend and short-term downtrend so that you can easy to take profit. The strategy also using BHD unit to detect how big you win and lose, so that you can use this strategy for all coins without worry about it have different percentage of price change. ENTRY The buy order is placed on assets that have...
First off, huge thanks to @fikira! He was able to adapt what I built to work much more efficiently, allowing for more strategies to be used simultaneously. Simply put, I could not have gotten to this point without you. Thanks for what you do for the TV community. Second, I am fairly new to pinescript writing, so I welcome criticism, thoughtful input and...
The Value at Risk Channel (VaR Channel) is a trading indicator designed to help traders control the level of risk exposure in their positions. The user can select a time period and a probability value, and the indicator will plot the upper and lower limits that the price can reach during the selected time period with the given probability. CONCEPTS The...
-Modified version of Squeeze Momentum Indicator by @LazyBear. -Converted to version 5, -Taken inspiration from @KivancOzbilgic for its buy sell calculations, -Used @Bunghole strategy template with Take Profit, Stop Loss and Enable/Disable Toggles -Added Custom Date Backtesting...
A few people have been asking me to share my backtesting template. Currently I use this as my starting point for validating existing strategies and developing new ones. Features: Trading Date Range Trade Direction 4 progressive take profits with target percents and percentage of position to take profit on (Thanks adolgo) Variable percentage Stop...
OVERVIEW The Average True Range Multiplier (ATRX) is a simple technical indicator that takes the value of the ATR indicator and multiplies it by a user-specified amount. CONCEPTS This indicator is primarily used to set key levels based on historical volatility. The ATR indicator alone measures the historical volatility of the selected instrument, this...
Jurik-Filtered, Gann HiLo Activator is a Gann HiLo activator that has been smoothed using Jurik Filtering to reduce noise and better identify trending markets. What is Gann HiLo The HiLo Activator study is a trend-following indicator introduced by Robert Krausz as part of the Gann Swing trading strategy. In addition to indicating the current trend direction,...
This is a good alternative to pivot points and ma lines to find long and short exit points (stop loss prices) for a trade. When you hear traders say "set the stop loss to the recent swing", this indicator seems to do a reasonable job of finding those. This script marks the low of the most recent red candle the high of the most recent green candle in...
This indicator is using ATR ( Average True Range ) to set the Target point and Stop loss. Use the pink number as target, always. If you are in Long position, use the green number as stop loss, so the red number is not useful in Buys. If you are in Short position, use the Red number as stop loss, so the green number is not useful in Sells. ** Need to enter the...
This is one of the best strategies that can be used to get familiar with technical indicators and start to include them in your trading bot rules. ENTRY 1. This trading system uses the RSI ( Relative Strength Index ) to anticipate good points to enter positions. RSI is a technical indicator frequently used in trading. It works by measuring the speed and change...
Forex Lot Size Calculator based off stop loss (ticks), also shows the lot size needed for taking partials (based of % of trade to close partial position). credits inspired by @DewMic adapted from @hanabil
Stop Loss With Average True Range (ATR) It simplifies the calculation of stop loss price for stop loss method using the average true range (ATR). For example; You want to stop loss below 3 ATR. Let's assume the price is 100, the average true range is 5. You will multiply the average true range by 3 and subtract from the price and enter a stop loss order at the...
Props to @Veryfid for his original script 'ATR Stop Loss Finder'. The concept is simple. We use the average true range to determine an appropriate stop loss distance based on recent volatility. The original script calculated the stop loss offset from the current candle's high or low. Here, I've added the option to offset stop loss from the recent local low or...