TearRepresentative's Rule-Based Dip Buying Strategy Rule-Based Dip Buying Strategy Indicator
This TradingView indicator, inspired by TearRepresentative [ , is a refined tool designed to assist traders in implementing a rule-based dip buying strategy. The indicator automates the identification of optimal buy and sell points, helping traders stay disciplined and minimize emotional biases. It is tailored to index trading, specifically leveraged ETFs like SPXL, to capture opportunities in market pullbacks and recoveries.
Key Features
Dynamic Buy Levels:
Tracks the local high over a customizable lookback period and calculates three buy levels based on percentage drops from the high:
Buy Level 1: First entry point (e.g., 15% drop).
Buy Level 2: Second entry point (e.g., additional 10% drop).
Buy Level 3: Third entry point (e.g., additional 7% drop).
Average Price Tracking:
Dynamically calculates the average price for entered positions when multiple buy levels are triggered.
Sell Level:
Computes a take-profit level (e.g., 20% above the average price) to automate profit-taking when the market rebounds.
Signal Visualization:
Buy Signals: Displayed as green triangles at each buy level.
Sell Signals: Displayed as red triangles at the sell level.
Alerts:
Configurable alerts notify traders when buy or sell signals are triggered, ensuring no opportunity is missed.
Visual Aids:
Semi-transparent and dynamic lines represent buy and sell levels for clear visualization.
Labels provide additional clarity for active levels, helping traders quickly identify actionable signals.
How It Works
The indicator analyzes market movements to identify dips based on predefined thresholds.
Buy signals are triggered when the market price reaches specified levels below the local high.
Once a position is taken, the indicator dynamically adjusts the average entry price and calculates the corresponding sell level.
A sell signal is generated when the market price rises above the calculated take-profit level.
Why Use This Indicator?
Discipline: Automates decision-making, removing emotional factors from trading.
Clarity: Provides clear entry and exit points to simplify complex market dynamics.
Versatility: Suitable for all market conditions, especially during pullbacks and rebounds.
Customization: Allows traders to tailor parameters to their preferred trading style and risk tolerance.
Acknowledgment
This indicator is based on the strategy and insights provided by TearRepresentative, whose expertise in rule-based trading has inspired countless traders. TearRepresentative's approach emphasizes simplicity, reliability, and consistency, offering a robust framework for long-term success.
Educational
IU open equal to high/low strategyIU open equal to high/low strategy:
The "IU Open Equal to High/Low Strategy" is designed to identify and trade specific market conditions where the day's first price action shows a strong directional bias. This strategy automatically enters trades based on the relationship between the market's open price and its first high or low of the day.
Entry Conditions:
1. Long Entry: A long position is initiated when the first open price of the session equals the day's first low. This signals a potential upward move.
2. Short Entry: A short position is initiated when the first open price of the session equals the day's first high. This signals a potential downward move.
Exit Conditions:
1. Stop Loss (SL): For both long and short trades, the stop loss is calculated based on the low or high of the candle where the position was entered.
2. Take Profit (TP): The take profit is set using a Risk-to-Reward (RTR) ratio, which is customizable by the user. The TP is calculated relative to the entry price and the distance between the entry and the stop loss.
Additional Features:
- Plots are used to visualize the entry price, stop loss, and take profit levels directly on the chart, providing clear and actionable insights.
- Labels are displayed to indicate the occurrence of the "Open == Low" or "Open == High" conditions for easier identification of potential trade setups.
- A dynamic fill highlights the areas between the entry price and the stop loss or take profit, offering a clear visual representation of the trade's risk and reward zones.
This strategy is designed for traders looking to capitalize on directional momentum at the start of the trading session. It is customizable, allowing users to set their desired Risk-to-Reward ratio and tailor the strategy to fit their trading style.
Merry ChristmasThis indicator creates a dynamic table of holiday greetings in 40 languages, taking advantage of Pine Script v6's new variable text size feature. The messages appear with randomized colors, sizes, and positions, refreshing with each bar update to create an ever-changing festive display. Includes traditional Christmas, Hanukkah, and New Year wishes across cultures. To fellow Pine developers who continue to push the boundaries of what's possible with Pine Script - thank you and happy holidays.
Ji Long Short OpenThis Pine Script indicator provides multiple moving averages, including Simple Moving Averages (SMA), Volume-Weighted Moving Averages (VWMA), and Volume-Weighted Average Price (VWAP). It helps traders analyze trends, support, and resistance levels effectively. Fully customizable, it suits various strategies by offering dynamic visualizations and enhanced insights for TradingView users.
VIX Spike StrategyThis script implements a trading strategy based on the Volatility Index (VIX) and its standard deviation. It aims to enter a long position when the VIX exceeds a certain number of standard deviations above its moving average, which is a signal of a volatility spike. The position is then exited after a set number of periods.
VIX Symbol (vix_symbol): The input allows the user to specify the symbol for the VIX index (typically "CBOE:VIX").
Standard Deviation Length (stddev_length): The number of periods used to calculate the standard deviation of the VIX. This can be adjusted by the user.
Standard Deviation Multiplier (stddev_multiple): This multiplier is used to determine how many standard deviations above the moving average the VIX must exceed to trigger a long entry.
Exit Periods (exit_periods): The user specifies how many periods after entering the position the strategy will exit the trade.
Strategy Logic:
Data Loading: The script loads the VIX data, both for the current timeframe and as a rescaled version for calculation purposes.
Standard Deviation Calculation: It calculates both the moving average (SMA) and the standard deviation of the VIX over the specified period (stddev_length).
Entry Condition: A long position is entered when the VIX exceeds the moving average by a specified multiple of its standard deviation (calculated as vix_mean + stddev_multiple * vix_stddev).
Exit Condition: After the position is entered, it will be closed after the user-defined number of periods (exit_periods).
Visualization:
The VIX is plotted in blue.
The moving average of the VIX is plotted in orange.
The threshold for the VIX, which is the moving average plus the standard deviation multiplier, is plotted in red.
The background turns green when the entry condition is met, providing a visual cue.
Sources:
The VIX is often used as a measure of market volatility, with high values indicating increased uncertainty in the market.
Standard deviation is a statistical measure of the variability or dispersion of a set of data points. In financial markets, it is used to measure the volatility of asset prices.
References:
Bollerslev, T. (1986). "Generalized Autoregressive Conditional Heteroskedasticity." Journal of Econometrics.
Black, F., & Scholes, M. (1973). "The Pricing of Options and Corporate Liabilities." Journal of Political Economy.
WOLF_WEIGHTAGEThe WOLF_WEIGHTAGE indicator is a powerful tool designed for traders to monitor and analyze the performance of key stocks in the Indian market. This indicator provides real-time insights by displaying the Last Traded Price (LTP), percentage change, and buy/sell signals based on the Supertrend strategy.
SL (Daily ATR/3 from Yesterday)n den 1950er und 1960er Jahren kam es zwischen den USA und der Sowjetunion zum sogenannten Wettlauf ins All.
Der erste von Menschen konstruierte Raumflugkörper auf dem Mond war die sowjetische Sonde Lunik 2, die am 13. September 1959 gezielt auf dem Mond aufschlug. Der US-amerikanische Flugkörper Ranger 4 stürzte nach einem Kontaktabbruch am 26. April 1962 auf der Rückseite des Mondes ab. Die Raumsonden Ranger 7, 8 und 9 konnten 1964 und 1965 vor ihrem Aufschlag (planmäßig harte Landungen) jeweils Tausende von Bildern zur Erde übertragen. Am 3. Februar 1966 landete die sowjetische Luna 9 als erster Flugkörper weich auf dem Mond, und mit Surveyor 1 am 2. Juni 1966 auch erstmals eine US-amerikanische Sonde.
Die erste bemannte Flugmission zum Mond (ohne Landung auf dem Trabanten) war Apollo 8 im Dezember 1968. Frank Borman, William Anders und James („Jim“) Lovell umkreisten den Mond 10 Mal und waren die ersten Menschen, die mit eigenen Augen die Rückseite des Mondes sahen. Am 21. Juli 1969 um 3:56 Uhr MEZ betraten im Zuge der Mission Apollo 11 die ersten Menschen den Mond, Neil Armstrong und Buzz Aldrin. In den folgenden drei Jahren fanden fünf weitere bemannte Mondlandungen des Apollo-Programms statt.
Vermutlich versuchte die Sowjetunion, noch vor Apollo 11 Mondgestein zur Erde zu bringen. Dies gelang allerdings erst mit der am 20. September 1970 gelandeten Sonde Luna 16. Das geplante sowjetische bemannte Mondprogramm wurde nicht verwirklicht.
Als dritter Nation gelang der Volksrepublik China eine weiche Mondlandung; die chinesische Sonde Chang’e-3 setzte am 14. Dezember 2013 auf dem Mond auf. Am 3. Januar 2019 landete mit Chang'e-4 erstmals eine Sonde weich auf der Mondrückseite. Mit Chang’e 5 brachte die Volksrepublik China im Dezember 2020 auch als drittes Land Bodenproben vom Mond auf die Erde.
Der jeweils erste Landeversuch der indischen Raumfahrtbehörde ISRO und eines israelischen Privatprojekts schlug fehl, die beiden Sonden Chandrayaan-2 und Beresheet zerschellten im Jahr 2019 auf der Mondoberfläche. Im zweiten Versuch war Indien dann erfolgreich, Chandrayaan-3 landete am 23. August 2023 weich im südlichen Bereich der Mondvorderseite. Als fünftem Land gelang Japan am 19. Januar 2024 eine Mondlandung mit dem Smart Lander for Investigating Moon (SLIM).
ASCII ARTASCII ART - Simple ASCII Art Display Indicator
A minimalist indicator that displays ASCII art on your TradingView charts. This tool allows you to add creative visual elements to your charts through ASCII art text.
Key Features
Input ASCII art through a text area
Choose from 9 display positions (top-left, top-center, top-right, middle-left, middle-center, middle-right, bottom-left, bottom-center, bottom-right)
Customize font size
Set font color
How to Use
Add the indicator to your chart
Input your ASCII art in the text area
Configure position, font size, and color
View your art on the chart
Settings
Text Area: Input field for ASCII art
Table position: Select display location
Font size: Set text size (0 for auto-adjust)
Font color: Choose text color
This script is created for educational purposes and does not provide trading signals. It is purely designed for displaying ASCII art on your charts to enhance visual customization.
Supertrend (Close Longs Only)Strategy Description: Supertrend (Close Longs Only)
This strategy uses the Supertrend indicator to manage long positions in the market. The Supertrend is calculated based on the Average True Range (ATR) and a user-defined multiplier (factor) to determine trend direction.
Purpose: The strategy focuses solely on exiting long trades when the trend changes to a downtrend, without taking any short positions.
How It Works:
Uptrend Detection: When the Supertrend is green, it indicates an uptrend suitable for long trades.
Downtrend Detection: When the Supertrend switches to red, it signals the end of the uptrend. At this point, an alert is triggered to close long positions.
Key Features:
Highly configurable with adjustable ATR length and multiplier for sensitivity.
Alerts are designed to notify the user when to exit long positions, ensuring timely actions.
This strategy is ideal for traders who prefer a conservative approach, focusing on managing long entries without engaging in short trades.
Sessions [Plug&Play]Sessions displays the London, New York, and Asia trading sessions directly on your chart. Includes customisable session times, shaded areas, labels, and the option to toggle outlines—helping you focus on market activity with ease.
Sessions [TBWS]Sessions displays the London, New York, and Asia trading sessions directly on your chart. Includes customizable session times, shaded areas, labels, and the option to toggle outlines—helping you focus on market activity with ease.
Fast Stochastic 60.10.1periodK Length: Set to 60 to represent the %K lookback period of 60.
smoothK: Set to 10, applying a 10-period SMA to smooth the %K line.
periodD: Set to 1, leaving the %D line unsmoothed (raw).
Plot Titles: Updated the short titles and descriptions to reflect "Fast Stochastic 60.10.1".
Trend Volume with Buy/Sell SignalsYou can customize the emaLength and volMultiplier to suit your trading style.
Supertrend (Close Longs Only)Strategy Description: Supertrend (Close Longs Only)
This strategy uses the Supertrend indicator to manage long positions in the market. The Supertrend is calculated based on the Average True Range (ATR) and a user-defined multiplier (factor) to determine trend direction.
Purpose: The strategy focuses solely on exiting long trades when the trend changes to a downtrend, without taking any short positions.
How It Works:
Uptrend Detection: When the Supertrend is green, it indicates an uptrend suitable for long trades.
Downtrend Detection: When the Supertrend switches to red, it signals the end of the uptrend. At this point, an alert is triggered to close long positions.
Key Features:
Highly configurable with adjustable ATR length and multiplier for sensitivity.
Alerts are designed to notify the user when to exit long positions, ensuring timely actions.
This strategy is ideal for traders who prefer a conservative approach, focusing on managing long entries without engaging in short trades.
Blue scalper Buy and Sell Signal (with Alerts!!)Buy And Sell signals indicator that been modified so that it will work with Trading bots and manual trading.
this indicator of buy and sell signals comes with alert for buy and sell.
there is no such thing as a continues winning trades indicator with its own losses, but i tried to keep this one to minimum.
Goodluck and hope you enjoy and benefit from this indicator.
Enhanced 20 SMA Wave with Multiple FiltersThis advanced trading script blends the simplicity of a 20-period Simple Moving Average (SMA) with optional confirmation filters and a visually dynamic wave effect. Designed to cater to traders of all levels, this indicator offers unparalleled customization and precision, making it an essential tool for informed decision-making.
Key Features
1. 20 SMA Wave Visualization:
A visually engaging wave effect dynamically wraps around the 20 SMA, making it easy to identify bullish and bearish conditions at a glance.
Personalize your chart by customizing:
Wave thickness and opacity.
Colors for bullish and bearish zones.
2. Optional Filters for Enhanced Signal Accuracy:
Elevate the reliability of your trading signals by enabling one or more of the following filters:
RSI (Relative Strength Index): Configure overbought and oversold thresholds for momentum-based confirmation.
CCI (Commodity Channel Index): Identify extreme conditions to better time entries and exits.
MACD (Moving Average Convergence Divergence): Filter trades using crossover-based trend signals.
Stochastic Oscillator: Refine entries by identifying overbought and oversold market states.
3. Dynamic Signal Alerts:
Get real-time BUY/SELL alerts based on SMA price crossovers, enhanced by the filters you’ve enabled.
Fully compatible with TradingView’s notification system for desktop, mobile, and email alerts.
4. Visual Markers for Easy Interpretation:
Clear BUY/SELL markers are plotted directly on the chart to display precise trading signals.
Perfect for backtesting or live trading sessions.
5. Fully Customizable Settings:
Adjust the SMA length, wave opacity, and filter settings to suit your trading style—whether you're a scalper, swing trader, or trend follower.
Enable or disable specific filters to align the indicator with your preferred strategy, providing full flexibility and control.
How It Works
Buy Signal: Triggered when the price crosses above the SMA, combined with confirmation from any active filters.
Sell Signal: Triggered when the price crosses below the SMA, filtered by bearish confirmations.
This indicator adapts to your needs: choose which filters to activate for tailored precision that matches your trading approach.
Who Should Use This Indicator?
This tool is ideal for:
Day Traders: Focus on short-term opportunities with high precision.
Swing Traders: Analyze trends with the added context of confirmation filters.
Trend Followers: Stay on the right side of the market with dynamic wave visualization and alerts.
Whether you’re just starting or a seasoned trader, the Enhanced 20 SMA Wave helps you make more confident trading decisions.
Disclaimer
This script is for educational and informational purposes only. Trading carries significant risks, and no indicator can guarantee success. Always trade with proper risk management and use this tool as part of a well-rounded strategy.
RSI with Horizontal Levels by SSEI MarketsFeatures :
RSI Calculation :
The RSI is calculated based on the default 14-period length.
The plot color changes based on RSI values:
Red: RSI above 70 (Overbought).
Green: RSI below 30 (Oversold).
White: RSI between 30 and 70.
Horizontal Lines :
70 (Overbought): Solid red.
30 (Oversold): Solid green.
50 (Baseline): Dotted gray.
60 (Upper Neutral): Dashed red.
40 (Lower Neutral): Dashed red.
