Multi-indicator Signal Builder [Skyrexio]Overview
Multi-Indicator Signal Builder is a versatile, all-in-one script designed to streamline your trading workflow by combining multiple popular technical indicators under a single roof. It features a single-entry, single-exit logic, intrabar stop-loss/take-profit handling, an optional time filter, a visually accessible condition table, and a built-in statistics label. Traders can choose any combination of 12+ indicators (RSI, Ultimate Oscillator, Bollinger %B, Moving Averages, ADX, Stochastic, MACD, PSAR, MFI, CCI, Heikin Ashi, and a “TV Screener” placeholder) to form entry or exit conditions. This script aims to simplify strategy creation and analysis, making it a powerful toolkit for technical traders.
Indicators Overview
1. RSI (Relative Strength Index)
Measures recent price changes to evaluate overbought or oversold conditions on a 0–100 scale.
2. Ultimate Oscillator (UO)
Uses weighted averages of three different timeframes, aiming to confirm price momentum while avoiding false divergences.
3. Bollinger %B
Expresses price relative to Bollinger Bands, indicating whether price is near the upper band (overbought) or lower band (oversold).
4. Moving Average (MA)
Smooths price data over a specified period. The script supports both SMA and EMA to help identify trend direction and potential crossovers.
5. ADX (Average Directional Index)
Gauges the strength of a trend (0–100). Higher ADX signals stronger momentum, while lower ADX indicates a weaker trend.
6. Stochastic
Compares a closing price to a price range over a given period to identify momentum shifts and potential reversals.
7. MACD (Moving Average Convergence/Divergence)
Tracks the difference between two EMAs plus a signal line, commonly used to spot momentum flips through crossovers.
8. PSAR (Parabolic SAR)
Plots a trailing stop-and-reverse dot that moves with the trend. Often used to signal potential reversals when price crosses PSAR.
9. MFI (Money Flow Index)
Similar to RSI but incorporates volume data. A reading above 80 can suggest overbought conditions, while below 20 may indicate oversold.
10. CCI (Commodity Channel Index)
Identifies cyclical trends or overbought/oversold levels by comparing current price to an average price over a set timeframe.
11. Heikin Ashi
A type of candlestick charting that filters out market noise. The script uses a streak-based approach (multiple consecutive bullish or bearish bars) to gauge mini-trends.
12. TV Screener
A placeholder condition designed to integrate external buy/sell logic (like a TradingView “Buy” or “Sell” rating). Users can override or reference external signals if desired.
Unique Features
1. Multi-Indicator Entry and Exit
You can selectively enable any subset of 12+ classic indicators, each with customizable parameters and conditions. A position opens only if all enabled entry conditions are met, and it closes only when all enabled exit conditions are satisfied, helping reduce false triggers.
2. Single-Entry / Single-Exit with Intrabar SL/TP
The script supports a single position at a time. Once a position is open, it monitors intrabar to see if the price hits your stop-loss or take-profit levels before the bar closes, making results more realistic for fast-moving markets.
3. Time Window Filter
Users may specify a start/end date range during which trades are allowed, making it convenient to focus on specific market cycles for backtesting or live trading.
4. Condition Table and Statistics
A table at the bottom of the chart lists all active entry/exit indicators. Upon each closed trade, an integrated statistics label displays net profit, total trades, win/loss count, average and median PnL, etc.
5. Seamless Alerts and Automation
Configure alerts in TradingView using “Any alert() function call.”
The script sends JSON alert messages you can route to your own webhook.
The indicator can be integrated with Skyrexio alert bots to automate execution on major cryptocurrency exchanges
6. Optional MA/PSAR Plots
For added visual clarity, optionally plot the chosen moving averages or PSAR on the chart to confirm signals without stacking multiple indicators.
Methodology
1. Multi-Indicator Entry Logic
When multiple entry indicators are enabled (e.g., RSI + Stochastic + MACD), the script requires all signals to align before generating an entry. Each indicator can be set for crossovers, crossunders, thresholds (above/below), etc. This “AND” logic aims to filter out low-confidence triggers.
2. Single-Entry Intrabar SL/TP
One Position At a Time: Once an entry signal triggers, a trade opens at the bar’s close.
Intrabar Checks: Stop-loss and take-profit levels (if enabled) are monitored on every tick. If either is reached, the position closes immediately, without waiting for the bar to end.
3. Exit Logic
All Conditions Must Agree: If the trade is still open (SL/TP not triggered), then all enabled exit indicators must confirm a closure before the script exits on the bar’s close.
4. Time Filter
Optional Trading Window: You can activate a date/time range to constrain entries and exits strictly to that interval.
Justification of Methodology
Indicator Confluence: Combining multiple tools (RSI, MACD, etc.) can reduce noise and false signals.
Intrabar SL/TP: Capturing real-time spikes or dips provides a more precise reflection of typical live trading scenarios.
Single-Entry Model: Straightforward for both manual and automated tracking (especially important in bridging to bots).
Custom Date Range: Helps refine backtesting for specific market conditions or to avoid known irregular data periods.
How to Use
1. Add the Script to Your Chart
In TradingView, open Indicators , search for “Multi-indicator Signal Builder”.
Click to add it to your chart.
2. Configure Inputs
Time Filter: Set a start and end date for trades.
Alerts Messages: Input any JSON or text payload needed by your external service or bot.
Entry Conditions: Enable and configure any indicators (e.g., RSI, MACD) for a confluence-based entry.
Close Conditions: Enable exit indicators, along with optional SL (negative %) and TP (positive %) levels.
3. Set Up Alerts
In TradingView, select “Create Alert” → Condition = “Any alert() function call” → choose this script.
Entry Alert: Triggers on the script’s entry signal.
Close Alert: Triggers on the script’s close signal (or if SL/TP is hit).
Skyrexio Alert Bots: You can route these alerts via webhook to Skyrexio alert bots to automate order execution on major crypto exchanges (or any other supported broker).
4. Visual Reference
A condition table at the bottom summarizes active signals.
Statistics Label updates automatically as trades are closed, showing PnL stats and distribution metrics.
Backtesting Guidelines
Symbol/Timeframe: Works on multiple assets and timeframes; always do thorough testing.
Realistic Costs: Adjust commissions and potential slippage to match typical exchange conditions.
Risk Management: If using the built-in stop-loss/take-profit, set percentages that reflect your personal risk tolerance.
Longer Test Horizons: Verify performance across diverse market cycles to gauge reliability.
Example of statistic calculation
Test Period: 2023-01-01 to 2025-12-31
Initial Capital: $1,000
Commission: 0.1%, Slippage ~5 ticks
Trade Count: 468 (varies by strategy conditions)
Win rate: 76% (varies by strategy conditions)
Net Profit: +96.17% (varies by strategy conditions)
Disclaimer
This indicator is provided strictly for informational and educational purposes .
It does not constitute financial or trading advice.
Past performance never guarantees future results.
Always test thoroughly in demo environments before using real capital.
Enjoy exploring the Multi-Indicator Signal Builder! Experiment with different indicator combinations and adjust parameters to align with your trading preferences, whether you trade manually or link your alerts to external automation services. Happy trading and stay safe!
Поиск скриптов по запросу "entry"
R-based Strategy Template [Daveatt]Have you ever wondered how to properly track your trading performance based on risk rather than just profits?
This template solves that problem by implementing R-multiple tracking directly in TradingView's strategy tester.
This script is a tool that you must update with your own trading entry logic.
Quick notes
Before we dive in, I want to be clear: this is a template focused on R-multiple calculation and visualization.
I'm using a basic RSI strategy with dummy values just to demonstrate how the R tracking works. The actual trading signals aren't important here - you should replace them with your own strategy logic.
R multiple logic
Let's talk about what R-multiple means in practice.
Think of R as your initial risk per trade.
For instance, if you have a $10,000 account and you're risking 1% per trade, your 1R would be $100.
A trade that makes twice your risk would be +2R ($200), while hitting your stop loss would be -1R (-$100).
This way of measuring makes it much easier to evaluate your strategy's performance regardless of account size.
Whenever the SL is hit, we lose -1R
Proof showing the strategy tester whenever the SL is hit: i.imgur.com
The magic happens in how we calculate position sizes.
The script automatically determines the right position size to risk exactly your specified percentage on each trade.
This is done through a simple but powerful calculation:
risk_amount = (strategy.equity * (risk_per_trade_percent / 100))
sl_distance = math.abs(entry_price - sl_price)
position_size = risk_amount / (sl_distance * syminfo.pointvalue)
Limitations with lower timeframe gaps
This ensures that if your stop loss gets hit, you'll lose exactly the amount you intended to risk. No more, no less.
Well, could be more or less actually ... let's assume you're trading futures on a 15-minute chart but in the 1-minute chart there is a gap ... then your 15 minute SL won't get filled and you'll likely to not lose exactly -1R
This is annoying but it can't be fixed - and that's how trading works anyway.
Features
The template gives you flexibility in how you set your stop losses. You can use fixed points, ATR-based stops, percentage-based stops, or even tick-based stops.
Regardless of which method you choose, the position sizing will automatically adjust to maintain your desired risk per trade.
To help you track performance, I've added a comprehensive statistics table in the top right corner of your chart.
It shows you everything you need to know about your strategy's performance in terms of R-multiples: how many R you've won or lost, your win rate, average R per trade, and even your longest winning and losing streaks.
Happy trading!
And remember, measuring your performance in R-multiples is one of the most classical ways to evaluate and improve your trading strategies.
Daveatt
Ichimoku + RSI + MACD Strategy1. Relative Strength Index (RSI)
Overview:
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is typically used to identify overbought or oversold conditions in a market.
How to Use with Ichimoku:
Long Entry: Look for RSI to be above 30 (indicating it is not oversold) when the price is above the Ichimoku Cloud.
Short Entry: Look for RSI to be below 70 (indicating it is not overbought) when the price is below the Ichimoku Cloud.
2. Moving Average Convergence Divergence (MACD)
Overview:
The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. It consists of the MACD line, signal line, and histogram.
How to Use with Ichimoku:
Long Entry: Enter a long position when the MACD line crosses above the signal line while the price is above the Ichimoku Cloud.
Short Entry: Enter a short position when the MACD line crosses below the signal line while the price is below the Ichimoku Cloud.
Combined Strategy Example
Here’s a brief outline of how to structure a trading strategy using Ichimoku, RSI, and MACD:
Long Entry Conditions:
Price is above the Ichimoku Cloud.
RSI is above 30.
MACD line crosses above the signal line.
Short Entry Conditions:
Price is below the Ichimoku Cloud.
RSI is below 70.
MACD line crosses below the signal line.
Exit Conditions:
Exit long when MACD line crosses below the signal line.
Exit short when MACD line crosses above the signal line.
Monthly Day Long Strategy with VIX and Risk ManagementThis trading strategy is designed to open long positions on a specific day of the month, with the conditions for entry and exit based on the VIX index and additional risk management techniques. The strategy includes stop-loss and take-profit features to manage risk and lock in profits.
Inputs:
Entry Day of the Month (entry_day): Specifies which day of the month to consider for initiating a trade. The default value is the 27th.
Hold Duration (Days) (hold_duration_days): Defines how many days to hold the position after opening. The default value is 4 days.
VIX Threshold (vix_threshold): Sets the maximum acceptable value for the VIX index to consider an entry. If the VIX is below this threshold, it signals a potential trade. The default value is 20.0.
Stop Loss (%) (stop_loss_percentage): Determines the percentage below the entry price where the stop-loss will be triggered. The default value is 2.0%.
Take Profit (%) (take_profit_percentage): Sets the percentage above the entry price where the take-profit will be triggered. The default value is 5.0%.
Functions:
next_weekday(date): Adjusts the entry date to the next Monday if it falls on a weekend (Saturday or Sunday). This ensures trades do not occur on non-trading days.
Logic:
Entry Conditions:
Date Check: Opens a long position if the current date matches the adjusted entry date (the 27th or the next Monday if the 27th falls on a weekend).
VIX Filter: The VIX index value must be below the specified threshold (e.g., 20.0) to consider an entry.
Exit Conditions:
Time-Based Exit: Closes the position after the hold duration of 4 days.
Stop-Loss: Automatically closes the position if the price drops to a level that is a specified percentage below the entry price (e.g., 2.0%).
Take-Profit: Closes the position if the price rises to a level that is a specified percentage above the entry price (e.g., 5.0%).
Plots:
VIX Plot: Displays the VIX index on the chart for visual reference.
VIX Threshold Line: A horizontal line representing the VIX threshold value.
Summary:
The strategy aims to take advantage of specific entry days while filtering trades based on VIX levels to ensure market conditions are favorable. Risk management is enhanced through stop-loss and take-profit settings, which help in controlling potential losses and securing profits. The strategy ensures trades are only made on trading days and not on weekends, adjusting automatically to the next Monday if needed.
ChatGPT kann Fehler machen. Überprüfe wichtige Informationen.
Triple MA HTF strategy - Dynamic SmoothingThe triple MA strategy is a simple but effective method to trade the trend. The advantage of this script over the existing triple MA strategies is that the user can open a lower time frame chart and select higher time frame inputs for different MA types mainting the visibility on the chart. The dynamic smoothing code makes sure the HTF trendlines are not jagged, but a fluid line visiable on the lower time frame chart. The script comes with a MA crossover and crossunder strategy explained below.
Moving Averages (MA) Crossover for Entry:
Long Entry: A long entry signal is triggered when the moving average line 1 crosses above the moving average line 2. This crossover indicates a potential shift in market sentiment towards the upside. However, to validate this signal, the strategy checks if the moving average 3 on a higher time frame (eg. 4 hour) is in an upward trend. This additional filter ensures that the trade aligns with the prevailing trend on a broader time scale, increasing the probability of success.
Short Entry: Conversely, a short entry signal occurs when the moving average line 1 crosses below the moving average line 2. This crossover suggests a possible downturn in market momentum. However, for a short trade to be confirmed, the strategy verifies that the moving average 3 on the higher time frame is in a downward trend. This confirmation ensures that the trade is in harmony with the overarching market direction.
Exit from Long Position: The strategy triggers an exit signal from a long position when the moving average line 1 crosses below the moving average line 2. This crossover indicates a potential reversal in the market trend, prompting the trader to close their long position and take profits or minimize losses.
Exit from Short Position: Similarly, an exit signal from a short position occurs when the moving average line 1 crosses above the moving average line 2. This crossover suggests a potential shift in market sentiment towards the upside, prompting the trader to exit their short position and manage their risk accordingly.
Features of the script
This Triple MA Strategy is basically the HTF Trend Filter displayed 3 times on the chart. For more infomation on how the MA with dynamic smoothing is calculated I recommend reading the following script:
For risk management I included a simple script to opt for % of eauity or # of contracts of in the instrument. For explanation on how the risk management settings work I refer to my ealier published script:
The strategy is a simplified example for setting up an entry and exit logic based on multiple moving avarages. Hence the script is meant for educational purposes only.
ORB Algo | Flux Charts💎 GENERAL OVERVIEW
Introducing our new ORB Algo indicator! ORB stands for "Opening Range Breakout" which is a common trading strategy. The indicator can analyze the market trend in the current session and give "Buy / Sell", "Take Profit" and "Stop Loss" signals. For more information about the analyzing process of the indicator, you can read "How Does It Work ?" section of the description.
Features of the new ORB Algo indicator :
Buy & Sell Signals
Up To 3 Take Profit Signals
Stop-Loss Signals
Alerts for Buy / Sell, Take-Profit and Stop-Loss
Customizable Algoritm
Session Dashboard
Backtesting Dashboard
📌 HOW DOES IT WORK ?
This indicator works best in 1-minute timeframe. The idea is that the trend of the current session can be forecasted by analyzing the market for a while after the session starts. However, each market has it's own dynamics and the algorithm will need fine-tuning to get the best performance possible. So, we've implemented a "Backtesting Dashboard" that shows the past performance of the algorithm in the current ticker with your current settings. Always keep in mind that past performance does not guarantee future results.
Here are the steps of the algorithm explained briefly :
1. The algorithm follows and analyzes the first 30 minutes (can be adjusted) of the session.
2. Then, algorithm checks for breakouts of the opening range's high or low.
3. If a breakout happens in a bullish or a bearish direction, the algorithm will now check for retests of the breakout. Depending on the sensitivity setting, there must be 0 / 1 / 2 / 3 failed retests for the breakout to be considered as reliable.
4. If the breakout is reliable, the algorithm will give an entry signal.
5. After the position entry, algorithm will now wait for Take-Profit or Stop-Loss zones and signal if any of them occur.
If you wonder how does the indicator find Take-Profit & Stop-Loss zones, you can check the "Settings" section of the description.
🚩UNIQUENESS
While there are indicators that show the opening range of the session, they come short with features like indicating breakouts, entries, and Take-Profit & Stop-Loss zones. We are also aware of that different stock markets have different dynamics, and tuning the algorithm for different markets is really important for better results, so we decided to make the algorithm fully customizable. Besides all that, our indicator contains a detailed backtesting dashboard, so you can see past performance of the algorithm in the current ticker. While past performance does not yield any guarantee for future results, we believe that a backtesting dashboard is necessary for tuning the algorithm. Another strength of this indicator is that there are multiple options for detection of Take-Profit and Stop-Loss zones, which the trader can select one of their liking.
⚙️SETTINGS
Keep in mind that best chart timeframe for this indicator to work is the 1-minute timeframe.
TP = Take-Profit
SL = Stop-Loss
EMA = Exponential Moving Average
OR = Opening Range
ATR = Average True Range
1. Algorithm
ORB Timeframe -> This setting determines the timeframe that the algorithm will analyze the market after a new session begins before giving any signals. It's important to experiment with this setting and find the best option that suits the current ticker for the best performance. More volatile stocks will often require this setting to be larger, while more stabilized stocks may have this setting shorter.
Sensitivity -> This setting determines how much failed retests are needed to take a position entry. Higher senstivity means that less retests are needed to consider the breakout as reliable. If you think that the current ticker makes strong movements in a bullish & bearish direction after a breakout, you should set this setting higher. If you think the opposite, meaning that the ticker does not decide the trend right after a breakout, this setting show be lower.
(High = 0 Retests, Medium = 1 Retest, Low = 2 Retests, Lowest = 3 Retests)
Breakout Condition -> The condition for the algorithm to detect breakouts.
Close = Bar needs to close higher than the OR High Line in a bullish breakout, or lower than the OR Low Line in a bearish breakout. EMA = The EMA of the bar must be higher / lower than OR Lines instead of the close price.
TP Method -> The method for the algorithm to use when determining TP zones.
Dynamic = This TP method essentially tries to find the bar that price starts declining the current trend and going to the other direction, and puts a TP zone there. To achieve this, it uses an EMA line, and when the close price of a bar crosses the EMA line, It's a TP spot.
ATR = In this TP method, instead of a dynamic approach the TP zones are pre-determined using the ATR of the entry bar. This option is generally for traders who just want to know their TP spots beforehand while trading. Selecting this option will also show TP zones at the ORB Dashboard.
"Dynamic" option generally performs better, while the "ATR" method is safer to use.
EMA Length -> This setting determines the length of the EMA line used in "Dynamic TP method" and "EMA Breakout Condition". This is completely up to the trader's choice, though the default option should generally perform well. You might want to experiment with this setting and find the optimal length for the current ticker.
Stop-Loss -> Algorithm will place the Stop-Loss zone using setting.
Safer = The SL zone will be placed closer to the OR High for a bullish entry, and closer to the OR Low for a bearish entry.
Balanced = The SL zone will be placed in the center of OR High & OR Low
Risky = The SL zone will be placed closer to the OR Low for a bullish entry, and closer to the OR High for a bearish entry.
Adaptive SL -> This option only takes effect if the first TP zone is hit.
Enabled = After the 1st TP zone is hit, the SL zone will be moved to the entry price, essentially making the position risk-free.
Disabled = The SL zone will never change.
2. ORB Dashboard
ORB Dashboard shows the information about the current session.
3. ORB Backtesting
ORB Backtesting Dashboard allows you to see past performance of the algorithm in the current ticker with current settings.
Total amount of days that can be backtested depends on your TV subscription.
Backtesting Exit Ratios -> You can select how much of percent your entry will be closed at any TP zone while backtesting. For example, %90, %5, %5 means that %90 of the position will be closed at the first TP zone, %5 of it will be closed at the 2nd TP zone, and %5 of it will be closed at the last TP zone.
Simple and Profitable Scalping Strategy (ForexSignals TV)Strategy is based on the "SIMPLE and PROFITABLE Forex Scalping Strategy" taken from YouTube channel ForexSignals TV.
See video for a detailed explaination of the whole strategy.
I'm not entirely happy with the performance of this strategy yet however I do believe it has potential as the concept makes a lot of sense.
I'm open to any ideas people have on how it could be improved.
Strategy incorporates the following features:
Risk management:
Configurable X% loss per stop (default to 1%)
Configurable R:R ratio
Trade entry:
Based on stratgey conditions outlined below
Trade exit:
Based on stratgey conditions outlined below
Backtesting:
Configurable backtesting range by date
Trade drawings:
Each entry condition indicator can be turned on and off
TP/SL boxes drawn for all trades. Can be turned on and off
Trade exit information labels. Can be turned on and off
NOTE: Trade drawings will only be applicable when using overlay strategies
Debugging:
Includes section with useful debugging techniques
Strategy conditions
Trade entry:
LONG
C1: On higher timeframe trend EMAs, Fast EMA must be above Slow EMA
C2: On higher timeframe trend EMAs, price must be above Fast EMA
C3: On current timeframe entry EMAs, Fast EMA must be above Medium EMA and Medium EMA must be above Slow EMA
C4: On current timeframe entry EMAs, all 3 EMA lines must have fanned out in upward direction for previous X candles (configurable)
C5: On current timeframe entry EMAs, previous candle must have closed above and not touched any EMA lines
C6: On current timeframe entry EMAs, current candle must have pulled back to touch the EMA line(s)
C7: Price must break through the high of the last X candles (plus price buffer) to trigger entry (stop order entry)
SHORT
C1: On higher timeframe trend EMAs, Fast EMA must be below Slow EMA
C2: On higher timeframe trend EMAs, price must be below Fast EMA
C3: On current timeframe entry EMAs, Fast EMA must be below Medium EMA and Medium EMA must be below Slow EMA
C4: On current timeframe entry EMAs, all 3 EMA lines must have fanned out in downward direction for previous X candles (configurable)
C5: On current timeframe entry EMAs, previous candle must have closed above and not touched any EMA lines
C6: On current timeframe entry EMAs, current candle must have pulled back to touch the EMA line(s)
C7: Price must break through the low of the last X candles (plus price buffer) to trigger entry (stop order entry)
Trade entry:
Calculated position size based on risk tolerance
Entry price is a stop order set just above (buffer configurable) the recent swing high/low (long/short)
Trade exit:
Stop Loss is set just below (buffer configurable) trigger candle's low/high (long/short)
Take Profit calculated from Stop Loss using R:R ratio
Credits
"SIMPLE and PROFITABLE Forex Scalping Strategy" taken from YouTube channel ForexSignals TV
[MT Trader] Backtest template w/ Supertrend Strategy---EN: In this strategy template you will find some functions already pre-programmed to be used in your strategies to speed up the programming process, among them we can highlight the default stop loss and take profit functions, which will help to set easily and quickly, defining the price range in which we want to prevent large losses or protect our profits from unexpected market movements.
🔴 Stop Loss: Among the functions of the stop loss are the 4 most known, first we have the fixed percentage range (%) and price ($), when the price reaches this fixed price will limit the losses of the operation avoiding larger losses, then we have the average true range (ATR), a moving average of true range and X period that can give us good reference points to place our stop loss, finally the last point higher or lower is the most used by traders to place their stop loss.
In addition, the price range between the entry and stop loss can be converted into a trailing stop loss.
🟢 Take Profit: We have 3 options for take profit, just like stop loss, the fixed range of percentage(%) and price($), are available, in addition to this we have the 1:# ratio option, which multiplies by X number the range between the entry and stop loss to use it as take profit, perfect for strategies that use ATR or last high/low point for their strategy.
📈 Heikin Ashi Entrys: The heikin ashi entries are trades that are calculated based on heikin ashi candles but their price is executed in Japanese candles, thus avoiding the false results that occur in heikin candlestick charts, making that in certain cases better results are obtained in the strategies that are executed with this option compared to Japanese candlesticks.
📊 Dashboard: A more visual and organized way to see the results and data needed for our strategy.
Feel free to use this template to program your own strategies, if you find bugs or want to request a new feature let me know in the comments or through my telegram @hvert_mt
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---ES: En esta plantilla de estrategia podrás encontrar algunas funciones ya pre-programadas para ser usadas en tus estrategias para acelerar procesos de programación, entre ellas podemos destacar las funciones por defecto de stop loss y take profit, que ayudaran a establecer de manera fácil y rápida, definiendo los rango de precio en los que queremos prevenirnos de perdidas grandes o proteger nuestras ganancias de movimientos inesperados del mercado.
🔴 Stop Loss: Entre las funciones del stop loss están las 4 más conocidas, en primer lugar tenemos el rango de porcentaje fijo(%) y el precio($), cuando el precio alcance este precio fijo se limitaran las perdidas de la operación evitando perdidas mas grandes, después tenemos el promedio de rango verdadero(ATR), una media móvil del rango verdadero y X periodo que nos puede dar buenos puntos de referencia para colocar nuestro stop loss, por ultimo el ultimo punto mas alto o mas bajo es de los mas usados por los traders para colocar su stop loss.
Adicional a esto, el rango de precio entre la entrada y el stop loss se puede convertir en un trailing stop loss.
🟢 Take Profit: Tenemos 3 opciones para take profit, al igual que en el stop loss, el rango fijo de porcentaje(%) y precio($) se encuentran disponibles, adicional a esto tenemos la opción de ratio 1:#, que multiplica por X numero el rango entre la entrada y el stop loss para usarlo como take profit, perfecto para estrategias que usen ATR o ultimo punto alto/bajo.
📈 Entradas Heikin Ashi: Las entradas Heikin Ashi son trades que son calculados en base a las velas Aeikin Ashi pero su precio esta ejecutado a velas japonesas, evitando así los falsos resultados que se producen en graficas de velas Heikin, esto haciendo que en ciertos casos se obtengan mejores resultados en las estrategias que son ejecutadas con esta opción en comparación con las velas japonesas.
📊 Panel de Control: Una manera mas visual y organizada de ver los resultados y datos necesarios de nuestra estrategia.
Siéntete libre de usar esta plantilla para programar tus propias estrategias, si encuentras errores o quieres solicitar una nueva función házmelo saber en los comentarios o a través de mi Telegram: @hvert_mt
Rainbow Oscillator The Rainbow Oscillator is a technical indicator that shows prices in overbought or oversold areas. That allows you to catch the price reversal point.
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FEATURES
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.:: Dynamic levels ::.
The indicator levels are divided into several zones, which have a fibonacci ratio. Zones determine the overbought/oversold level. Blue and green level zones are better for buying, red and orange for selling. Dynamic levels are used as replacements for classic levels such as -100 and 100 for the CCI indicator or 30 and 70 for the RSI indicator. Dynamic levels work much better than static levels, as they are more adaptive to the current market situation.
.:: Composite oscillator (3 in 1) ::.
The main signal line of the indicator includes all three oscillators RSI, CCI, Stoch in different ratios. In the settings, you can change the proportions or completely remove one of the oscillators by setting its weight to 0
.:: CCI + RSI + Stoch ratio setting ::.
Each of the oscillators has its own weight in the calculation formula: w2 * cci ( + w1 * ( rsi - 50) + (1 - w2 - w1) * ( stoch - 50), this allows you to create the resulting oscillator from all indicators, depending on the weight of each of them. Each weight value must be between 0 and 1 so that the sum of all weights does not exceed 1.
.:: Smoothing levels and lines of the oscillator ::.
Smoothing the oscillator readings allows you to filter out the noise and get more accurate data. Level offset allows you to customize the support for inputs.
.:: Market Flat ::.
Dynamic creation of levels allows you to find in the price reversal zone, even when the price is in a flat
.:: Sources ::.
You can change the data source for the indicator to the number of longs and shorts for the selected asset. For example, BTCUSDLONGS / BTCUSDSHORTS is perfect for Bitcoin, then the oscillator will work on this data and will not use the quote price.
.:: Trend Detection ::.
The main line of the oscillator has 2 colors - green and red. Red means downtrend, green means uptrend. Trend reversal points are most often found in overbought and oversold zones.
.:: Alerts ::.
Alerts inside for next events: Buy (blue point) Sell (red point) and TrendReversal (change line color)
----------------
TRADING
—-------------
There are several possible entry points for the indicator, let's consider them all.
1) Trend reversal.
Long entry: The indicator line is in the green zone below 0 (oversold), while the line changes color from red (downward) to green (upward)
Short entry: The indicator line is in the red zone above the 0 (overbought) mark, while the line changes color from green to red.
2) Red and blue dots.
Long entry: Blue dot
Short Entry: Red Dot
I prefer to use the first trading method.
----------------
SETTINGS
----------------
.:: Trend Filter (checkbox) ::.
Use trend confirmation for red/blue dots. When enabled, the blue dot requires an uptrend, red dot requires downtrend confirmation before appearing.
.:: Use long/shorts (checkbox) ::.
Change formula to use longs and shorts positions as data source (instead of quote price)
.:: RSI weight / CCI weight / Stoch weight ::.
Weight control coefficients for RSI and CCI indicators, respectively. When you set RSI Weight = 0, equalize the combo of CCI and Stoch , when RSI Weight is zero and CCI Weight is equal to the oscillator value will be plotted
only from Stoch . Intermediate values have a high degree of measurement of each of the three oscillators in percentage terms from 0 to 100. The calculation uses the formula: w2 * cci ( + w1 * ( rsi - 50) + (1 - w2 - w1) * ( stoch - 50),
where w1 is RSI Weight and w2 is CCI Weight, Stoch weight is calculated on the fly as (1 - w2 - w1), so the sum of w1 + w2 should not exceed 1, in this case Stoch will work as opposed to CCI and RSI .
.:: Oscillograph fast and slow periods ::.
The fast period is the period for the moving average used to smooth CCI, RSI and Stoch. The slow period is the same. The fast period must always be less than the slow period.
.:: Oscillograph samples period::.
The period of smoothing the total values of indicators - creates a fast and slow main lines of the oscillator.
.:: Oscillograph samples count::.
How many times smoothing applied to source data.
.:: Oscillator samples type ::.
Smoothing line type e.g. EMA, SMA, RMA …
.:: Level period ::.
Periodically moving averages used to form the levels (zone) of the Rainbow Oscillator indicator
.:: Level offset ::.
Additional setting for shifting levels from zero points. Can be useful for absorbing levels and filtering input signals. The default is 0.
.:: Level redundant ::.
It characterizes the severity of the state at each iteration of the level of the disease. If set to 1 - the levels will not decrease when the oscillator values fall. If it has a value of 0.99 - the levels are reduced by 0.01
each has an oscillator in 1% of cases and is pressed to 0 by more aggressive ones.
.:: Level smooth samples ::.
setting allows you to set the number of strokes per level. Measuring the number of averages with the definition of the type of moving averages
.:: Level MA Type ::.
Type of moving average, average for the formation of a smoothing overbought and oversold zone
Trending Bar SRTrending Bar SR is a simple script define a Bar called "Trending Bar".
Depend on direction of Trending Bar, if Trending Bar is UpTrend then this indicator plot Bar's Low Price as Support and if Trending Bar is DownTrend then it plot Bar's High Price as Resistance.
Beside, this indicaor also plot 4 levels retracement of Trending Bar for trading.
1. Define Trending Bar
1.1 Uptrend Bar
+ Close Price higher than previous High Price
+ Body greater than sum of shadows (up and down)
+ Color: A green dot is plotted at bottom chart.
1.2 Downtrend Bar
+ Close Price lower than previous Low Price
+ Body greater than sum of shadows (up and down)
+ Color: A red dot is plotted at bottom chart.
2. Retracement Level
+ Trending Bar Retracement 0.5 is called Equerium.
+ Trending Bar Retracement 0.618 is called Perfect Entry.
+ Trending Bar Retracement 0.705 is called Optimal Entry.
+ Trending Bar Retracement 0.79 is called Max Entry.
3. Trading
+ When Price crossed Equerium, consider open position at Perfect Entry, Optimal Entry with stoploss place at Max Entry.
+ If place order at Max Entry, stoploss can place at Support or Resistance.
Double SupertrendThis strategy is based on a custom indicator that was created based on the Supertrend indicator. At its core, there are always 2 super trend indicators with different factors to reduce market noise (false signals).
The strategy/indicator has some parameters to improve the signals and filters.
TECHNICAL ANALYSIS
☑ Show Indicators
This option will enable/disable the Supertrend indicators on the chart.
☑ Length
The length will be used on the Supertrend Indicator to calculate its values.
☑ Dev Fast
The fast deviation or factor from one of the super trend indicators. This will be the leading indicator for entry signals, as well as for the exit signals.
☑ Dev Slow
The slow deviation or factor from one of the super trend indicators. This will be the confirmation indicator for entry and exit signals.
☑ Exit Type
It's possible to select from 4 options for the exit signals. Exit signals always take profit target.
☑ ⥹ Reversals
This option will make the strategy/indicator calculate the exit signals based on the difference between the given period's highest and lowest candle value (see Period on this list). It's displayed on the chart with the cross. As it's possible to verify in the image below, there are multiple exit spots for every entry.
☑ ⥹ ATR
Using ATR as a base indicator for exit signals will make the strategy/indicator place limit/stop orders. Candle High + ATR for longs, Candle Low - ATR for shorts. The strategy will show the ATR level for take profit and stick with it until the next signal. This way, the take profit value remains based on the candle of the entry signal.
☑ ⥹ Fast Supertrend
With this option selected, the exit signals will be based on the Fast Supertsignal value, mirrored to make a profit.
☑ ⥹ Slow Supertrend
With this option selected, the exit signals will be based on the Slow Supertsignal value, which is mirrored to take profit.
☑ Period
This will represent the number of candles used on the exit signals when Reversals is selected as Exit Type. It's also used to calculate the gradient used on the Fills and Supertrend signals.
☑ Multiplier
It's used on the take profit when the ATR option is selected on the Exit Type.
STRATEGY
☑ Use The Strategy
This will enable/disable the strategy to show the trades calculations.
☑ Show Use Long/Short Entries
Option to make the strategy show/use Long or Short signals. Available only if Use The Strategy is enabled
☑ Show Use Exit Long/Short
Option to make the strategy show/use Exit Long or Short signals (valid when Reversals option is selected on the Exit Type). Available only if Use The Strategy is enabled
☑ Show Use Add Long/Short
Option to make the strategy show/use Add Long or Short signals. With this option enabled, the strategy will place multiple trades in the same direction, almost the same concept as a pyramiding parameter. It's based on the Fast Supersignal when the candle fails to cross and reverses. Available only if Use The Strategy is enabled
☑ Trades Date Start/End
The date range that the strategy will check the market data and make the trades
HOW TO USE
It's very straightforward. A long signal will appear as a green arrow with a text Long below it. A short signal will appear as a red arrow with a text Short above it. It's ideal to wait for the candle to finish to validate the signal.
The exit signals are optional but give a good idea of the configuration used when backtesting. Each market and timeframe will have its own configuration for the best results. On average, sticking to ATR as an exit signal will have less risk than the other options.
☑ Entry Signals
Follow the arrows with Long/Short texts on them. Wait for the signal candle to close to validate the entry.
☑ Exit Signals
Use them to close your position or to trail stop your orders and maximize profits. Select the exit type suitable for each timeframe and market
☑ Add Entries
It's possible to increase the position following the add margin/contracts based on the Add signals. Not mandatory, but may work as reentries or late entries using the same signal.
☑ What about Stop Loss?
The stop-loss levels were not included as a separated signal because it's already in the chart. There are some possible ideas for the stop loss:
☑⥹ Candle High/Low (2nd recommend option)
When it's a Long signal from the entry signal candle, the stop loss can be the Low value of the same candle. Very tight stop loss in some cases, depending on the candle range
☑⥹ Local Top/Bottom
Selecting the local top/bottom as stop loss will give the strategy more room for false breakouts or reversals, keeping the trade open and minimizing noises. Increases the risk
☑⥹ Fast Supertrend (1st recommend option)
The fast supertrend can be used as stop-loss as well. making it a moving level and working close to trail stop management
☑⥹ Fixed Percentage
It's possible to use a fixed risk percentage for the trades, making the risk easier to control and project. Since the market volatility is not fixed, this may affect the accuracy of the trades
☑⥹ Based on the ATR (3rd recommend option)
When the exit type option ATR is selected, it will display the take profit level for that entry. Just mirror that value and put it as stop-loss, or multiply that amount by 1.5 to have more room for market noise.
EXAMPLE CONFIGURATIONS
Here are some configuration ideas for some markets (all of them are from crypto, especially futures markets)
BTCUSDT 15min - Default configuration
BTCUSDT 1h - Length 10 | Dev Fast 3 | Dev Slow 4 | Exit Type ATR | Period 50 | Multiplier 1
BTCUSDT 4h - Length 10 | Dev Fast 2 | Dev Slow 4 | Exit Type ATR | Period 50 | Multiplier 1
ETHUSDT 15min - Length 20 | Dev Fast 1 | Dev Slow 3 | Exit Type Fast Supertrend | Period 50 | Multiplier 1
IOTAUSDT 15min - Length 10 | Dev Fast 1 | Dev Slow 2 | Exit Type Slow Supertrend | Period 50 | Multiplier 1
OMGUSDT 15min - Length 10 | Dev Fast 1 | Dev Slow 4 | Exit Type Slow Supertrend | Period 50 | Multiplier 1
VETUSDT 15min - Length 10 | Dev Fast 3 | Dev Slow 4 | Exit Type Slow Supertrend | Period 50 | Multiplier 1
HOW TO FIND OTHER CONFIGURATIONS
Here are some steps to find suitable configurations
select a market and time frame
enable the Use This Strategy option on the strategy
open the strategy tester panel and select the performance summary
open the strategy configuration and go to properties
change the balance to the same price of the symbol (example: BTCUSDT 60.000, use 60.000 as balance)
go back to the inputs tab and keep changing the parameters until you see the net profit be positive and bigger than the absolute value of the drawdown
in case you can't find a suitable configuration, try other timeframes
Since the tester reflects what happened in the past candles, it's not guaranteed to give the same results. However, this indicator/Strategy can be used with other indicators as a leading signal or confirmation signal.
Altered True Strength Indicator (TSI) Reupload-
Altered TSI provides a slightly more volatile signal that demonstrates extremities in price action with greater success than standard TSI. In addition, I added bull/bear cross indicators (green/red) to make it easier to notice the crosses to save time when the market is moving fast (I couldn't find a regular TSI script with this addition). Finally, the signal also has overextension parameters (red and green lines)
I think this is best used on Intraday time frames as the signals respond to volatility very well and using Heikin Ashi candles, trend is more visual. In this particular example, I am showing SPY on the 3m time chart (my favorite short time frame) and the signal alone provided many opportunities for trades when using simple divergences and countering overextension direction when short term (blue) signal crosses either
In the first example (purple lines), SPY ramps but it was a dull signal given the signal strength flatlining- we would be looking for a short entry. When the signal fires, it provides a clean $1.50 move down in spy.
In the second example (orange), the blue signal provides a nice V shape (rebound signal) in which we are looking for a long entry. 390.50 is a strong SPY support in confluence with 2nd std dev VWAP extension, but disregarding that bull signal fires resulting in a 2 dollar move upwards. Exit is provided when blue line crosses green overextension.
In the third example (white), we are searching for a short entry at 392.5 resistance in confluence with divergently higher highs. Bear cross signal when fired and a significant cross is visible provides a $2.50 move to the downside with a potential exit provided when blue line crosses red overextension line in confluence with previous LOD area.
In the fourth example (green), we watch as the blue line provides a V pattern, we are searching for a long entry. If you didn't take a riskier long at 2nd std dev VWAP overextension with V recovery on blue line at red overextension for a ride to vwap, then you are looking for a secondary entry long as you wouldn't take the trade at resistance (vwap). Bullishly divergent lows provide this entry and the signal does not bear cross at all (but looking for significant crosses is more important even if the signal were to make a minor bear cross). Bullishly divergent double bottom provides a long entry to end of day with a nice clean signal for a $5.00 move until eod or when signal crosses overextension range.
Ideally, close to the money options or SPY/SPXS/SPXL are best used in the intraday time frame.
Again, this is not a standalone indicator but it's best used in conjunction with other indicators/trading strategies
Any questions feel free to comment
CCI-RSI MR Indicators:
Bollinger Bands (20 period, 2σ)
RSI (14 period) and Simple moving average of RSI (5 period)
CCI (20 period)
SMA (5 period)
Entry Conditions:
Buy when:
Swing low (5) should be lower than the highest of lower BB (3 periods)
Both RSI crossover RSI_5 and CCI crossover -100 should have happened within last 3 candles (including the current candle)
Once all the above conditions are met, the close should be higher than SMA (5) within the next 3 candles
After condition 3 is satisfied, we enter the trade at next candle’s open
Stop loss will be at 1 tick lower than previous swing low
Sell when:
Swing high (5) should be higher than the lowest of upper BB (3 periods)
Both RSI crossunder RSI_5 and CCI crossunder 100 should have happened within last 3 candles (including the current candle)
Once all the above conditions are met, the close should be lower than SMA (5) within the next 3 candles
After condition 3 is satisfied, we enter the trade at next candle’s open
Stop loss will be at 1 tick higher than previous swing high
Exit Conditions:
Since it’s mean reversion strategy we’ll be having only 2 target exits with a trailing stop loss after target price 1 is achieved.
Target exit price 1 & 2 are decided based on the risk ‘R’ for each trade
Depending on the instrument and time frame a trailing stop loss of 0.5R or 1R has opted.
A stop limit is placed @Entry_price +- 2*ATR(20) to offset the risk of losing significantly more than 1xR in a trade
Smart Trend Signal with Bands [wjdtks255]Indicator Description for TradingView
Title: Adaptive Trend Kernel
Description:
The "Adaptive Trend Kernel " is a versatile trend-following and volatility indicator designed to help traders identify dynamic market trends, potential reversals, and price extremes within a channel. Built upon a customized linear regression model, this indicator provides clear visual cues to enhance your trading decisions.
Key Features:
Regression Line: A central dynamic line representing the core trend direction, calculated based on a user-defined "Regression Length."
Regression Bands: Standard deviation-based bands plotted around the Regression Line, which act like a dynamic channel. These bands expand and contract with market volatility, indicating potential overbought/oversold conditions relative to the trend.
Trend Reversal Signals: Distinct "Up" (green triangle up) and "Down" (red triangle down) signals are generated when the price (close) crosses over or under the Regression Line. These signals suggest potential shifts in the short-term trend direction.
Visual Customization: Highly flexible input options for adjusting line colors, band colors, line width, and panel opacity. Users can toggle the visibility of bands and trend labels to suit their chart preferences.
Panel Label: A subtle "Regression" label is dynamically positioned, offering clear context without cluttering the main chart.
How it Works: The indicator calculates a linear regression line as the adaptive center of the price movement. Standard deviation is then used to create upper and lower bands, encapsulating typical price fluctuations. Signals are fired when price breaks out of the regression line, suggesting a momentum shift in line with the established trend or a potential reversal.
Trading Methods & Strategies
Here are some trading strategies you can apply using the "Adaptive Trend Kernel " indicator:
Trend-Following with Confirmation:
Long Entry: Look for an "Up" signal (green triangle up) when the price is above the Regression Line, especially after a brief retracement towards the line. This confirms that the uptrend is likely resuming.
Short Entry: Look for a "Down" signal (red triangle down) when the price is below the Regression Line, especially after a brief rally towards the line. This confirms that the downtrend is likely resuming.
Exit Strategy: Consider exiting if an opposite signal appears, or if the price closes outside the opposite band, indicating potential overextension or reversal.
Reversal / Counter-Trend Play:
Long Entry (Aggressive): When the price approaches or briefly dips below the Lower Regression Band and then generates an "Up" signal (green triangle up). This could indicate a potential bounce from an oversold condition relative to the trend.
Short Entry (Aggressive): When the price approaches or briefly moves above the Upper Regression Band and then generates a "Down" signal (red triangle down). This could indicate a potential pullback from an overbought condition relative to the trend.
Confirmation: This strategy works best when combined with other reversal confirmation patterns (e.g., bullish/bearish engulfing candlesticks) or divergences in other momentum indicators (like RSI).
Volatility Breakout:
Entry (Long): After a period of low volatility where the Regression Bands are narrow, observe if the price decisively breaks above the Upper Regression Band and an "Up" signal appears. This suggests a strong bullish momentum breakout.
Entry (Short): After a period of low volatility where the Regression Bands are narrow, observe if the price decisively breaks below the Lower Regression Band and a "Down" signal appears. This suggests a strong bearish momentum breakdown.
Management: Volatility breakouts can be swift; use appropriate risk management and profit-taking strategies.
Important Considerations:
Risk Management: Always apply proper stop-loss and take-profit levels. No indicator is infallible.
Timeframe Sensitivity: Adjust the "Regression Length" and "Band Multiplier" according to the asset and timeframe you are trading. Shorter lengths might suit scalping, while longer lengths are better for swing trading.
Confirmation with Other Tools: For higher conviction trades, use this indicator in conjunction with other technical analysis tools such like volume, MACD, or RSI on an oscillator pane.
Backtesting: Always backtest any strategy on historical data to understand its performance characteristics before live trading.
[PickMyTrade] Trendline Strategy# PickMyTrade Advanced Trend Following Strategy for Long Positions | Automated Trading Indicator
**Optimize Your Trading with PickMyTrade's Professional Trend Strategy - Auto-Execute Trades with Precision**
---
## Table of Contents
1. (#overview)
2. (#why-this-strategy-makes-money)
3. (#key-features)
4. (#how-it-works)
5. (#strategy-settings--configuration)
6. (#pickmytrade-integration)
7. (#advanced-features)
8. (#risk-management)
9. (#best-practices)
10. (#performance-optimization)
11. (#getting-started)
12. (#faq)
---
## Overview
The **PickMyTrade Advanced Trend Following Strategy** is a sophisticated, open-source Pine Script indicator designed for traders seeking consistent profits through trend-based long positions. This powerful algorithm identifies high-probability entry points by detecting valid trendlines with multiple touch confirmations, ensuring you only enter trades when the trend is strongly established.
### What Makes This Strategy Unique?
- **Multi-Trendline Detection**: Simultaneously tracks multiple downtrend breakouts for increased trading opportunities
- **Intelligent Entry Validation**: Requires multiple price touches (configurable) to confirm trendline validity
- **Flexible Take Profit Methods**: Choose from Risk/Reward Ratio, Lookback Candles, or Fibonacci-based exits
- **Automated Risk Management**: Built-in position sizing based on dollar risk per trade
- **PickMyTrade Ready**: Seamlessly integrate with PickMyTrade for fully automated trade execution
**Perfect for**: Swing traders, trend followers, futures traders, and anyone using PickMyTrade for automated trading execution.
---
## Why This Strategy Makes Money
### 1. **Breakout Trading Edge**
The strategy profits by identifying when price breaks above established downtrend resistance lines. These breakouts often signal:
- Shift in market sentiment from bearish to bullish
- Strong buying momentum entering the market
- High probability of continued upward movement
### 2. **Trend Confirmation Filter**
Unlike simple breakout strategies, this requires **multiple touches** (default: 3) on the trendline before considering it valid. This eliminates:
- False breakouts from weak trendlines
- Choppy, sideways markets with no clear trend
- Low-quality setups that lead to losses
### 3. **Dynamic Risk-Reward Optimization**
The strategy automatically calculates:
- **Optimal position sizing** based on your risk tolerance ($100 default)
- **Stop loss placement** using recent pivot lows (not arbitrary levels)
- **Take profit targets** using either R:R ratios (1.5:1 default) or Fibonacci extensions
**Expected Profitability**: With proper settings, traders typically achieve:
- Win rate: 45-60% (depending on market conditions)
- Risk/Reward: 1.5:1 to 2.5:1 (configurable)
- Monthly returns: 5-15% (varies by market and risk settings)
### 4. **Fibonacci Profit Scaling**
The advanced Fibonacci mode allows you to:
- Take partial profits at multiple levels (0.618, 1.0, 1.312, 1.618)
- Lock in gains while letting winners run
- Maximize profits during strong trending moves
---
## Key Features
### Trend Detection & Validation
✅ **Dynamic Trendline Drawing**: Automatically identifies and extends downtrend resistance lines
✅ **Touch Validation**: Configurable number of touches (1-10) to confirm trendline strength
✅ **Valid Percentage Buffer**: Allows minor price deviations (default 0.1%) for more realistic trendlines
✅ **Pivot-Based Validation**: Optional extra filter using smaller pivot points for precision
### Position Management
✅ **Multi-Position Support**: Trade up to 1000 positions simultaneously (pyramiding)
✅ **Single or Multi-Trend Mode**: Track one primary trend or multiple concurrent trends
✅ **Dollar-Based Position Sizing**: Risk fixed dollar amount per trade (not percentage of account)
✅ **Automatic Quantity Calculation**: Determines optimal contract size based on risk and stop distance
### Take Profit Methods (3 Options)
#### 1. **Risk/Reward Ratio** (Recommended for Beginners)
- Set desired R:R (default 1.5:1)
- Simple, consistent profit targets
- Works well in trending markets
#### 2. **Lookback Candles** (For Swing Traders)
- Exits when price makes new low over X candles (default 10)
- Adapts to market volatility
- Best for capturing extended moves
#### 3. **Fibonacci Extensions** (For Advanced Traders)
- Up to 4 profit targets: 61.8%, 100%, 131.2%, 161.8%
- Automatically scales out of positions
- Maximizes gains during strong trends
### Stop Loss Options
✅ **Pivot-Based Stop Loss**: Uses recent pivot lows for logical stop placement
✅ **Buffer/Offset**: Add extra distance (in ticks) below pivot for safety
✅ **Trailing Stop**: Optional feature to lock in profits as trade moves in your favor
✅ **Enable/Disable Toggle**: Full control over stop loss activation
### Session Control
✅ **Time-Based Trading**: Limit trades to specific hours (e.g., 9:00 AM - 6:00 PM)
✅ **Auto-Close at Session End**: Automatically closes all positions outside trading hours
✅ **Works on All Timeframes**: Intraday and higher timeframes supported
---
## How It Works
### Step-by-Step Trade Logic
#### 1. **Trendline Identification**
The strategy scans for pivot highs that are **lower** than the previous pivot high, indicating a downtrend. It then:
- Draws a trendline connecting these pivot points
- Extends the line forward to current price
- Validates the line by checking how many candles touched it
#### 2. **Entry Trigger**
A long position is entered when:
- Price closes **above** the validated trendline (breakout)
- Session time filter is met (if enabled)
- Maximum position limit not exceeded
- Sufficient risk capital available for position sizing
#### 3. **Stop Loss Calculation**
The strategy looks backward to find the most recent pivot low that is:
- Below current price
- A logical support level
- Applies optional buffer/offset for safety
- Uses this level to calculate position size
#### 4. **Take Profit Execution**
Depending on your selected method:
- **R:R Mode**: Calculates TP as entry + (entry - SL) × ratio
- **Lookback Mode**: Exits when price makes new low over specified candles
- **Fibonacci Mode**: Sets 4 profit targets based on Fibonacci extensions from swing high to stop loss
#### 5. **Trade Management**
Once in position:
- Monitors stop loss for risk protection
- Tracks take profit levels for exit signals
- Optional trailing stop to lock in profits
- Closes all trades at session end (if enabled)
---
## Strategy Settings & Configuration
### Trendline Settings
| Parameter | Default | Range | Description | Impact on Trading |
|-----------|---------|-------|-------------|-------------------|
| **Pivot Length For Trend** | 15 | 5-50 | Bars to left/right for pivot detection | Lower = More signals (noisier), Higher = Fewer signals (stronger trends) |
| **Touch Number** | 3 | 2-10 | Required touches to validate trendline | Lower = More trades (less reliable), Higher = Fewer trades (more reliable) |
| **Valid Percentage** | 0.1% | 0-5% | Allowed deviation from trendline | Higher = More lenient validation, more trades |
| **Enable Pivot To Valid** | False | True/False | Extra validation using smaller pivots | True = Stricter filtering, fewer but higher quality trades |
| **Pivot Length For Valid** | 5 | 3-15 | Pivot length for extra validation | Smaller = More precise validation |
**Recommendation**: Start with defaults. In choppy markets, increase touch number to 4-5. In strongly trending markets, reduce to 2.
### Position Management
| Parameter | Default | Range | Description | Impact on Trading |
|-----------|---------|-------|-------------|-------------------|
| **Enable Multi Trend** | True | True/False | Track multiple trendlines simultaneously | True = More opportunities, False = One trade at a time |
| **Position Number** | 1 | 1-1000 | Maximum concurrent positions | Higher = More capital deployed, more risk |
| **Risk Amount** | $100 | $10-$10,000 | Dollar risk per trade | Higher = Larger positions, more P&L per trade |
| **Enable Default Contract Size** | False | True/False | Use 1 contract if calculated size ≤1 | True = Always enter (even micro accounts) |
**Money Management Tip**: Risk 1-2% of your account per trade. If you have $10,000, set Risk Amount to $100-$200.
### Take Profit Settings
| Parameter | Default | Options | Description | Best For |
|-----------|---------|---------|-------------|----------|
| **Set TP Method** | RiskAwardRatio | RiskAwardRatio / LookBackCandles / Fibonacci | Choose exit strategy | Beginners: R:R, Swing: Lookback, Advanced: Fib |
| **Risk Award Ratio** | 1.5 | 1.0-5.0 | Target profit as multiple of risk | Higher = Bigger wins but lower win rate |
| **Look Back Candles** | 10 | 5-50 | Exit when price makes new low over X bars | Smaller = Quicker exits, Larger = Let winners run |
| **Source for TP** | Close | Close / High-Low | Use close or high/low for exit signals | Close = More conservative |
**Profitability Guide**:
- **Conservative**: R:R = 1.5, Lookback = 10
- **Balanced**: R:R = 2.0, Lookback = 15
- **Aggressive**: R:R = 2.5, Fibonacci mode with 1.618 target
### Stop Loss Settings
| Parameter | Default | Range | Description | Impact on Trading |
|-----------|---------|-------|-------------|-------------------|
| **Turn On/Off SL** | True | True/False | Enable stop loss | **Always use True** for risk protection |
| **Pivot Length for SL** | 3 | 2-10 | Pivot length for stop placement | Smaller = Tighter stops, Larger = Wider stops |
| **Buffer For SL** | 0.0 | 0-50 | Extra distance below pivot (ticks) | Higher = Safer but lower R:R |
| **Turn On/Off Trailing Stop** | False | True/False | Lock in profits as trade moves up | True = Protects profits, may exit early |
**Risk Management Rule**: Never disable stop loss. Use buffer in volatile markets (5-10 ticks).
### Fibonacci Settings (When TP Method = Fibonacci)
| Parameter | Default | Description | Profit Target |
|-----------|---------|-------------|---------------|
| **Fibonacci Level 1** | 0.618 | First profit target | 61.8% of swing range |
| **Fibonacci Level 2** | 1.0 | Second profit target | 100% of swing range |
| **Fibonacci Level 3** | 1.312 | Third profit target | 131.2% extension |
| **Fibonacci Level 4** | 1.618 | Fourth profit target | 161.8% extension |
| **Pivot Length for Fibonacci** | 15 | Pivot to find swing high | Higher = Bigger swings, wider targets |
**Scaling Strategy**: Close 25% at each Fibonacci level to lock in profits progressively.
### Session Settings
| Parameter | Default | Description | Use Case |
|-----------|---------|-------------|----------|
| **Enable Session** | False | Activate time filter | Day trading specific hours |
| **Session Time** | 0900-1800 | Trading hours window | Avoid overnight risk |
**Day Trader Setup**: Enable session = True, Set hours to 9:30-16:00 (US market hours)
---
## PickMyTrade Integration
### Automate Your Trading with PickMyTrade
This strategy is **fully compatible with PickMyTrade**, the leading automation platform for TradingView strategies. Connect your broker account and let PickMyTrade execute trades automatically based on this strategy's signals.
### Why Use PickMyTrade?
✅ **Hands-Free Trading**: Never miss a signal, even while sleeping
✅ **Multi-Broker Support**: Works with Tradovate, NinjaTrader, TradeStation, and more
✅ **Instant Execution**: Alerts trigger trades in milliseconds
✅ **Risk Management**: Built-in position sizing and stop loss handling
✅ **Mobile Monitoring**: Track trades from your phone
**Boom!** Your strategy is now fully automated. Every breakout signal will automatically execute a trade through your broker.
### PickMyTrade-Specific Features
- **Dynamic Position Sizing**: The strategy calculates quantity based on your risk amount
- **Automatic Stop Loss**: Pivot-based stops are sent to your broker automatically
- **Take Profit Orders**: R:R and Fibonacci targets create limit orders
- **Session Management**: Trades only during specified hours
- **Multi-Position Support**: Handle multiple concurrent trades seamlessly
**Pro Tip**: Start with paper trading or a demo account to test the automation before going live.
---
## Advanced Features
### 1. Multi-Trendline Mode (Enable Multi Trend = True)
**What It Does**: Tracks up to 1000 trendlines simultaneously, entering positions as each one breaks out.
**Benefits**:
- More trading opportunities
- Diversifies entry points across multiple trends
- Catches every valid breakout in trending markets
**When to Use**:
- Strong trending markets (crypto bull runs, index rallies)
- Longer timeframes (4H, Daily)
- When you want maximum market exposure
**Caution**: Can enter many positions quickly. Set appropriate Position Number limit and Risk Amount.
### 2. Single Trendline Mode (Enable Multi Trend = False)
**What It Does**: Focuses on one primary trendline at a time.
**Benefits**:
- Cleaner, simpler execution
- Easier to monitor and manage
- Better for beginners
- Lower capital requirements
**When to Use**:
- Choppy or ranging markets
- Smaller accounts
- When you prefer focused, quality over quantity trades
### 3. Fibonacci Profit Scaling
**How It Works**:
1. At entry, the strategy finds the most recent swing high above current price
2. Calculates the range from swing high to stop loss
3. Projects 4 Fibonacci extensions: 61.8%, 100%, 131.2%, 161.8%
4. Exits when price reaches each level, then pulls back below it
**Profit Maximization Strategy**:
- Close 25% of position at each Fibonacci level
- Let remaining portion target higher levels
- Capture both quick profits and extended moves
**Example Trade**:
- Entry: $100
- Stop Loss: $95 (risk = $5)
- Swing High: $110
- Range: $110 - $95 = $15
Fibonacci Targets:
- 61.8% = $95 + ($15 × 0.618) = $104.27 (+4.27%)
- 100% = $95 + ($15 × 1.0) = $110 (+10%)
- 131.2% = $95 + ($15 × 1.312) = $114.68 (+14.68%)
- 161.8% = $95 + ($15 × 1.618) = $119.27 (+19.27%)
**Result**: Even if only first two targets hit, you lock in +7% average gain vs. -5% risk = 1.4:1 R:R
### 4. Trailing Stop Loss
**What It Does**: After entry, if a new pivot low forms **above** your initial stop, the strategy moves your stop up to that level.
**Benefits**:
- Locks in profits as trade moves in your favor
- Reduces risk to breakeven or better
- Captures strong momentum moves
**Drawback**: May exit profitable trades earlier during normal pullbacks.
**Best Practice**: Use in strongly trending markets. Disable in choppy conditions.
### 5. Pivot Validation Filter
**What It Does**: Adds extra requirement that a small pivot high must exist between the two trendline pivot points.
**Benefits**:
- Ensures trendline is a "true" resistance
- Filters out random lines connecting arbitrary highs
- Increases trade quality
**When to Enable**:
- High-volatility markets with many false breakouts
- Lower timeframes (5min, 15min) where noise is common
- When win rate is too low with default settings
**Tradeoff**: Fewer signals, but higher win rate.
### 6. Session-Based Trading
**What It Does**: Only enters trades during specified hours. Auto-closes all positions outside session.
**Use Cases**:
- **Day Trading**: 9:30 AM - 4:00 PM (avoid overnight gaps)
- **European Hours**: 8:00 AM - 5:00 PM CET (trade London session)
- **Crypto**: 24/7 trading or focus on US hours for liquidity
**Risk Management**: Prevents holding positions through high-impact news events or market closes.
---
## Risk Management
### Position Sizing Formula
The strategy uses **fixed dollar risk** position sizing:
```
Position Size = Risk Amount ÷ (Entry Price - Stop Loss) ÷ Point Value
```
**Example** (ES Futures):
- Risk Amount: $100
- Entry: 4500
- Stop Loss: 4490
- Risk per contract: 10 points × $50/point = $500
- Position Size: $100 ÷ $500 = 0.2 contracts → Rounds to 0 (no trade)
If `Enable Default Contract Size = True`, it would trade 1 contract instead.
### Risk Per Trade Recommendations
| Account Size | Conservative (1%) | Moderate (2%) | Aggressive (3%) |
|--------------|-------------------|---------------|-----------------|
| $5,000 | $50 | $100 | $150 |
| $10,000 | $100 | $200 | $300 |
| $25,000 | $250 | $500 | $750 |
| $50,000 | $500 | $1,000 | $1,500 |
**Golden Rule**: Never risk more than 2% per trade. Even with 10 losses in a row, you'd only be down 20%.
### Maximum Drawdown Protection
**Multi-Position Risk**:
- If Position Number = 5 and Risk Amount = $100
- Maximum simultaneous risk = 5 × $100 = $500
- Ensure this is ≤ 5% of your total account
**Daily Loss Limit**:
- Set a mental stop: "If I lose $X today, I stop trading"
- Typical limit: 3-5% of account per day
- Prevents revenge trading and emotional decisions
### Stop Loss Best Practices
1. **Always Use Stops**: Never disable stop loss (enabledSL should always be True)
2. **Buffer in Volatile Markets**: Add 5-10 tick buffer to avoid stop hunts
3. **Respect Your Stops**: Don't manually override or move stops further away
4. **Wide Stops = Smaller Size**: If stop is far from entry, strategy automatically reduces position size
---
## Best Practices
### Optimal Timeframes
| Timeframe | Trading Style | Position Number | Risk/Reward | Win Rate Expectation |
|-----------|---------------|-----------------|-------------|----------------------|
| 5-15 min | Scalping | 1-2 | 1.5:1 | 50-55% |
| 30 min - 1H | Intraday | 2-3 | 2:1 | 55-60% |
| 4H | Swing Trading | 3-5 | 2.5:1 | 60-65% |
| Daily | Position Trading | 1-2 | 3:1 | 65-70% |
**Recommendation**: Start with 1H or 4H charts for best balance of signals and reliability.
### Ideal Market Conditions
**Best Performance**:
- Strong trending markets (bull runs, clear directional bias)
- After consolidation breakouts
- Post-earnings or news catalysts driving sustained moves
- Liquid markets with tight spreads
**Avoid or Reduce Risk**:
- Choppy, sideways-ranging markets
- Low-volume periods (holidays, overnight sessions)
- High-impact news events (FOMC, NFP, earnings)
- Extreme volatility (VIX > 30)
### Backtesting Recommendations
Before going live:
1. **Run 6-12 Months of Historical Data**: Ensure strategy performed well across different market regimes
2. **Check Key Metrics**:
- Win Rate: Should be 45-65% depending on R:R
- Profit Factor: Aim for > 1.5
- Max Drawdown: Should be < 20% of starting capital
- Average Win/Loss Ratio: Should match your R:R setting
3. **Stress Test**: Test during known volatile periods (March 2020, Jan 2022, etc.)
4. **Forward Test**: Run on demo account for 1 month before real money
### Parameter Optimization
**Don't Over-Optimize!** Avoid curve-fitting to past data. Instead:
1. **Start with Defaults**: Use recommended settings first
2. **Change One Parameter at a Time**: Isolate what improves performance
3. **Test on Out-of-Sample Data**: If settings work on 2023 data, test on 2024 data
4. **Focus on Robustness**: Settings that work across multiple markets/timeframes are best
**Red Flags**:
- Strategy works perfectly on historical data but fails live (over-fitting)
- Tiny changes in parameters dramatically change results (unstable)
- Requires exact values (e.g., pivot length must be exactly 17) (curve-fitted)
---
## Performance Optimization
### How to Increase Profitability
#### 1. Optimize Risk/Reward Ratio
- **Current**: 1.5:1 (default)
- **Test**: 2:1, 2.5:1, 3:1
- **Impact**: Higher R:R = bigger wins but lower win rate
- **Sweet Spot**: Usually 2:1 to 2.5:1 for trend strategies
#### 2. Filter by Market Regime
Add a trend filter to only trade in bull markets:
- Use 200-period SMA: Only take longs when price > SMA(200)
- Use ADX: Only trade when ADX > 25 (strong trend)
- **Impact**: Fewer trades, but much higher win rate
#### 3. Tighten Entry Requirements
- Increase Touch Number from 3 to 4-5
- Enable Pivot To Valid = True
- **Impact**: Fewer but higher quality signals
#### 4. Use Fibonacci Scaling
- Switch from R:R to Fibonacci method
- Take partial profits at each level
- **Impact**: Better average wins, smoother equity curve
#### 5. Add Volume Confirmation
Enhance entry signal by requiring:
- Volume > Average Volume (indicates strong breakout)
- Can add this as custom filter in Pine Script
### How to Reduce Risk
#### 1. Lower Position Number
- Default: 1 position at a time
- Multi-trend: Limit to 2-3 max
- **Impact**: Less simultaneous exposure, lower drawdowns
#### 2. Reduce Risk Amount
- Start with $50 per trade (0.5% of $10k account)
- Gradually increase as you gain confidence
- **Impact**: Smaller positions, slower growth but safer
#### 3. Use Tighter Stops with Buffer
- Set Pivot Length for SL = 2 (closer stop)
- Add Buffer = 5-10 ticks (avoid premature stop-outs)
- **Impact**: Smaller losses, but may get stopped out more often
#### 4. Enable Session Filter
- Only trade during liquid hours
- Avoid overnight holds
- **Impact**: No gap risk, more predictable fills
---
## Getting Started
### Quick Start Guide (5 Minutes)
1. **Copy the Strategy Code**
- Open the `.txt` file provided
- Copy all code to clipboard
2. **Add to TradingView**
- Go to TradingView Pine Editor
- Paste code
- Click "Save" → Name it "PickMyTrade Trend Strategy"
- Click "Add to Chart"
3. **Configure Basic Settings**
- Open strategy settings (gear icon)
- Set Risk Amount = 1% of your account ($100 for $10k)
- Set Position Number = 1 (for beginners)
- Keep all other defaults
4. **Backtest on Your Market**
- Choose your instrument (ES, NQ, AAPL, BTC, etc.)
- Select timeframe (start with 1H or 4H)
- Review performance metrics in Strategy Tester tab
5. **Optimize (Optional)**
- Adjust Touch Number (2-5) to balance signals vs. quality
- Try different TP methods (R:R vs. Fibonacci)
- Test on multiple timeframes
6. **Go Live**
- If backtest looks good, start with small position size
- Monitor first 5-10 trades closely
- Scale up once confident in execution
### Integration with PickMyTrade (10 Minutes)
1. **Sign Up for PickMyTrade**
- Visit (pickmytrade.trade)
- Create free account
- Connect your broker (Tradovate, NinjaTrader, etc.)
2. **Create TradingView Alert**
- Set condition to strategy name
- Add PickMyTrade webhook URL
- Enable alert
3. **Test with Demo Account**
- Let it run for a few days
- Verify trades execute correctly
- Check fills, stops, and targets
4. **Switch to Live Account**
- Update account ID to live account
- Start with minimum position size
- Monitor closely for first week
---
### Technical Questions
**Q: What does "Touch Number = 3" mean?**
A: The trendline must have at least 3 candles touching or nearly touching it to be considered valid.
**Q: Why am I getting no trades?**
A: Trendline requirements may be too strict. Try:
- Reduce Touch Number to 2
- Increase Valid Percentage to 0.5%
- Disable Pivot To Valid
- Check if price is in a trend (strategy won't trade sideways markets)
**Q: Why is my position size 0?**
A: Risk Amount is too small for the stop distance. Either:
- Increase Risk Amount
- Enable Default Contract Size = True (will use 1 contract minimum)
- Use tighter stops (lower Pivot Length for SL)
**Q: Can I trade both long and short?**
A: Current code is long-only. You'd need to duplicate the logic for short trades (detect uptrend breakdowns).
**Q: How do I change from TradingView strategy to indicator?**
A: Change line 5 from `strategy(...)` to `indicator(...)`. Replace `strategy.entry()` and `strategy.exit()` with `alert()` calls.
### Risk Management Questions
**Q: What's the maximum drawdown I should expect?**
A: Typically 10-20% depending on settings. If experiencing > 25%, reduce position size or tighten filters.
**Q: Should I risk more to make more money?**
A: No. Risking 2% vs. 5% per trade doesn't triple your profits—it triples your risk of blowing up. Stick to 1-2% per trade.
**Q: What if I hit 5 losses in a row?**
A: Normal. Even with 60% win rate, losing streaks happen. Don't increase position size to "win it back." Stick to your risk plan.
**Q: Do I need to watch the screen all day?**
A: No, especially with PickMyTrade automation. Check positions 1-2 times per day. Overtrading kills profits.
---
## Disclaimer
**Important Risk Disclosure**:
Trading futures, stocks, forex, and cryptocurrencies involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. The PickMyTrade Advanced Trend Following Strategy is provided for **educational purposes only** and should not be considered financial advice.
**Key Risks**:
- You can lose more than your initial investment
- Backtested results may not reflect live trading performance
- Market conditions change; no strategy works forever
- Automation errors can occur (connectivity, bugs, etc.)
**Before Trading**:
- Consult a licensed financial advisor
- Fully understand the strategy logic
- Test on demo account for at least 1 month
- Only risk capital you can afford to lose
- Start with minimum position sizes
**PickMyTrade**:
This strategy is compatible with PickMyTrade but is not officially endorsed by PickMyTrade. The author is not affiliated with PickMyTrade. For PickMyTrade support, visit their official website.
**License**: This strategy is open-source under Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0). You may modify and share, but not for commercial use.
---
**Ready to automate your trading with PickMyTrade? Add this strategy to your TradingView chart today and start capturing profitable trend breakouts on autopilot!**
EMA + RSI Autotrade Webhook - VarunOverview
The EMA + RSI Autotrade Webhook is a powerful trend-following indicator designed for automated crypto futures trading. This indicator combines the reliability of Exponential Moving Average (EMA) crossovers with RSI momentum filtering to generate high-probability buy and sell signals optimized for webhook integration with crypto exchanges like Delta Exchange, Binance Futures, and Bybit.Key Features
Simple & Effective: Uses proven EMA 9/21 crossover strategy
RSI Momentum Filter: Eliminates low-probability trades in ranging markets
Webhook Ready: Two clean alerts (LONG Entry, SHORT Entry) for seamless automation
Exchange Compatible: Works with Delta Exchange, 3Commas, Alertatron, and other webhook platforms
Zero Lag Signals: Real-time alerts on crossover confirmation
Visual Clarity: Clean chart markers for easy signal identification
How It Works
Entry Signals:
LONG Entry: Triggers when EMA 9 crosses above EMA 21 AND RSI is above 52 (bullish momentum confirmed)
SHORT Entry: Triggers when EMA 9 crosses under EMA 21 AND RSI is below 48 (bearish momentum confirmed)
Technical Components:
Fast EMA: 9-period (tracks short-term price action)
Slow EMA: 21-period (identifies primary trend)
RSI: 14-period (confirms momentum strength)
RSI Long Threshold: 52 (filters weak bullish signals)
RSI Short Threshold: 48 (filters weak bearish signals)
Best Use Cases
Crypto Futures Trading: Bitcoin, Ethereum, Altcoin perpetual contracts
Automated Trading Bots: Integration with Delta Exchange webhooks, TradingView alerts
Timeframes: Optimized for 15-minute charts (works on 5min-1H)
Markets: Trending crypto markets with clear directional moves
Risk Management: Best used with 1-2% stop loss per trade (managed externally)
Webhook Automation Setup
Add indicator to your TradingView chart
Create alerts for "LONG Entry" and "SHORT Entry"
Configure webhook URL from your exchange (Delta Exchange, Binance, etc.)
Use alert message: Entry LONG {{ticker}} @ {{close}} or Entry SHORT {{ticker}} @ {{close}}
Exchange automatically reverses positions on opposite signals
Advantages
✅ No manual trading required - fully automated
✅ Eliminates emotional trading decisions
✅ Catches trending moves early with EMA crossovers
✅ RSI filter reduces whipsaws in choppy markets
✅ Works 24/7 without monitoring
✅ Simple two-alert system (easy to manage)
✅ Compatible with multiple exchanges via webhooksStrategy Philosophy
This indicator follows a trend-following with momentum confirmation approach. By waiting for both EMA crossover AND RSI confirmation, it ensures you're entering trades with genuine momentum behind them, not just random price noise. The tight RSI thresholds (52/48) keep you aligned with the prevailing trend.Recommended Settings
Timeframe: 15-minute (primary), 5-minute (scalping), 1-hour (swing)
Markets: BTC/USDT, ETH/USDT, high-liquidity altcoin perpetuals
Position Sizing: 100% capital per signal (exchange manages reversals)
Stop Loss: 2% (managed via exchange or external bot)
Leverage: 1-2x for conservative approach, up to 5x for aggressive
Important Notes
⚠️ This indicator generates entry signals only - position reversals are handled automatically by your exchange
⚠️ Always backtest on historical data before live trading
⚠️ Use proper risk management and position sizing
⚠️ Best performance in trending markets; may generate false signals in tight ranges
⚠️ Requires TradingView Premium or higher for webhook functionalityTags
cryptocurrency futures automated-trading ema-crossover rsi webhook delta-exchange tradingview-alerts trend-following momentum bitcoin ethereum crypto-bot algo-trading 15-minute-strategy
Range Trading StrategyOVERVIEW
The Range Trading Strategy is a systematic trading approach that identifies price ranges
from higher timeframe candles or trading sessions, tracks pivot points, and generates
trading signals when range extremes are mitigated and confirmed by pivot levels.
CORE CONCEPT
The strategy is based on the principle that when a candle (or session) closes within the
range of the previous candle (or session), that previous candle becomes a "range" with
identifiable high and low extremes. When price breaks through these extremes, it creates
trading opportunities that are confirmed by pivot levels.
RANGE DETECTION MODES
1. HTF (Higher Timeframe) Mode:
Automatically selects a higher timeframe based on the current chart timeframe
Uses request.security() to fetch HTF candle data
Range is created when an HTF candle closes within the previous HTF candle's range
The previous HTF candle's high and low become the range extremes
2. Sessions Mode:
- Divides the trading day into 4 sessions (UTC):
* Session 1: 00:00 - 06:00 (6 hours)
* Session 2: 06:00 - 12:00 (6 hours)
* Session 3: 12:00 - 20:00 (8 hours)
* Session 4: 20:00 - 00:00 (4 hours, spans midnight)
- Tracks high, low, and close for each session
- Range is created when a session closes within the previous session's range
- The previous session's high and low become the range extremes
PIVOT DETECTION
Pivots are detected based on candle color changes (bullish/bearish transitions):
1. Pivot Low:
Created when a bullish candle appears after a bearish candle
Pivot low = minimum of the current candle's low and previous candle's low
The pivot bar is the actual bar where the low was formed (current or previous bar)
2. Pivot High:
Created when a bearish candle appears after a bullish candle
Pivot high = maximum of the current candle's high and previous candle's high
The pivot bar is the actual bar where the high was formed (current or previous bar)
IMPORTANT: There is always only ONE active pivot high and ONE active pivot low at any
given time. When a new pivot is created, it replaces the previous one.
RANGE CREATION
A range is created when:
(HTF Mode) An HTF candle closes within the previous HTF candle's range AND a new HTF
candle has just started
(Sessions Mode) A session closes within the previous session's range AND a new session
has just started
Or Range Can Be Created when the Extreme of Another Range Gets Mitigated and We Have a Pivot low Just Above the Range Low or Pivot High just Below the Range High
Range Properties:
rangeHigh: The high extreme of the range
rangeLow: The low extreme of the range
highStartTime: The timestamp when the range high was actually formed (found by looping
backwards through bars)
lowStartTime: The timestamp when the range low was actually formed (found by looping
backwards through bars)
highMitigated / lowMitigated: Flags tracking whether each extreme has been broken
isSpecial: Flag indicating if this is a "special range" (see Special Ranges section)
RANGE MITIGATION
A range extreme is considered "mitigated" when price interacts with it:
High is mitigated when: high >= rangeHigh (any interaction at or above the level)
Low is mitigated when: low <= rangeLow (any interaction at or below the level)
Mitigation can happen:
At the moment of range creation (if price is already beyond the extreme)
At any point after range creation when price touches the extreme
SIGNAL GENERATION
1. Pending Signals:
When a range extreme is mitigated, a pending signal is created:
a) BEARISH Pending Signal:
- Triggered when: rangeHigh is mitigated
- Confirmation Level: Current pivotLow
- Signal is confirmed when: close < pivotLow
- Stop Loss: Current pivotHigh (at time of confirmation)
- Entry: Short position
Signal Confirmation
b) BULLISH Pending Signal:
- Triggered when: rangeLow is mitigated
- Confirmation Level: Current pivotHigh
- Signal is confirmed when: close > pivotHigh
- Stop Loss: Current pivotLow (at time of confirmation)
- Entry: Long position
IMPORTANT: There is only ever ONE pending bearish signal and ONE pending bullish signal
at any given time. When a new pending signal is created, it replaces the previous one
of the same type.
2. Signal Confirmation:
- Bearish: Confirmed when price closes below the pivot low (confirmation level)
- Bullish: Confirmed when price closes above the pivot high (confirmation level)
- Upon confirmation, a trade is entered immediately
- The confirmation line is drawn from the pivot bar to the confirmation bar
TRADE EXECUTION
When a signal is confirmed:
1. Position Management:
- Any existing position in the opposite direction is closed first
- Then the new position is entered
2. Stop Loss:
- Bearish (Short): Stop at pivotHigh
- Bullish (Long): Stop at pivotLow
3. Take Profit:
- Calculated using Risk:Reward Ratio (default 2:1)
- Risk = Distance from entry to stop loss
- Target = Entry ± (Risk × R:R Ratio)
- Can be disabled with "Stop Loss Only" toggle
4. Trade Comments:
- "Range Bear" for short trades
- "Range Bull" for long trades
SPECIAL RANGES
Special ranges are created when:
- A range high is mitigated AND the current pivotHigh is below the range high
- A range low is mitigated AND the current pivotLow is above the range low
In these cases:
- The pivot value is stored in an array (storedPivotHighs or storedPivotLows)
- A "special range" is created with only ONE extreme:
* If pivotHigh < rangeHigh: Creates a range with rangeHigh = pivotLow, rangeLow = na
* If pivotLow > rangeLow: Creates a range with rangeLow = pivotHigh, rangeHigh = na
- Special ranges can generate signals just like normal ranges
- If a special range is mitigated on the creation bar or the next bar, it is removed
entirely without generating signals (prevents false signals)
Special Ranges
REVERSE ON STOP LOSS
When enabled, if a stop loss is hit, the strategy automatically opens a trade in the
opposite direction:
1. Long Stop Loss Hit:
- Detects when: position_size > 0 AND position_size <= 0 AND low <= longStopLoss
- Action: Opens a SHORT position
- Stop Loss: Current pivotHigh
- Trade Comment: "Reverse on Stop"
2. Short Stop Loss Hit:
- Detects when: position_size < 0 AND position_size >= 0 AND high >= shortStopLoss
- Action: Opens a LONG position
- Stop Loss: Current pivotLow
- Trade Comment: "Reverse on Stop"
The reverse trade uses the same R:R ratio and respects the "Stop Loss Only" setting.
VISUAL ELEMENTS
1. Range Lines:
- Drawn from the time when the extreme was formed to the mitigation point (or current
time if not mitigated)
- High lines: Blue (or mitigated color if mitigated)
- Low lines: Red (or mitigated color if mitigated)
- Style: SOLID
- Width: 1
2. Confirmation Lines:
- Drawn when a signal is confirmed
- Extends from the pivot bar to the confirmation bar
- Bearish: Red, solid line
- Bullish: Green, solid line
- Width: 1
- Can be toggled on/off
STRATEGY SETTINGS
1. Range Detection Mode:
- HTF: Uses higher timeframe candles
- Sessions: Uses trading session boundaries
2. Auto HTF:
- Automatically selects HTF based on current chart timeframe
- Can be disabled to use manual HTF selection
3. Risk:Reward Ratio:
- Default: 2.0 (2:1)
- Minimum: 0.5
- Step: 0.5
4. Stop Loss Only:
- When enabled: Trades only have stop loss (no take profit)
- Trades close on stop loss or when opposite signal confirms
5. Reverse on Stop Loss:
- When enabled: Hitting a stop loss opens opposite trade with stop at opposing pivot
6. Max Ranges to Display:
- Limits the number of ranges kept in memory
- Oldest ranges are purged when limit is exceeded
KEY FEATURES
1. Dynamic Pivot Tracking:
- Pivots update on every candle color change
- Always maintains one high and one low pivot
2. Range Lifecycle:
- Ranges are created when price closes within previous range
- Ranges are tracked until mitigated
- Mitigation creates pending signals
- Signals are confirmed by pivot levels
3. Signal Priority:
- Only one pending signal of each type at a time
- New signals replace old ones
- Confirmation happens on close of bar
4. Position Management:
- Closes opposite positions before entering new trades
- Tracks stop loss levels for reverse functionality
- Respects pyramiding = 1 (only one position per direction)
5. Time-Based Drawing:
- Uses time coordinates instead of bar indices for line drawing
- Prevents "too far from current bar" errors
- Lines can extend to any historical point
USAGE NOTES
- Best suited for trending and ranging markets
- Works on any timeframe, but HTF mode adapts automatically
- Sessions mode is ideal for intraday trading
- Pivot detection requires clear candle color changes
- Range detection requires price to close within previous range
- Signals are generated on bar close, not intra-bar
The strategy combines range identification, pivot tracking, and signal confirmation to
create a systematic approach to trading breakouts and reversals based on price structure, past performance does not in any way predict future performance
MACD Volume VWAP Scalping (2min) by Obiii📘 Strategy Description (for TradingView)
MACD Volume VWAP Scalping Strategy (2-Minute Intraday Momentum)
This strategy is designed for scalpers and short-term intraday traders who focus on capturing small, high-probability moves during the most active hours of the trading session — typically between 9:45 AM and 11:30 AM (New York time).
The system combines three key momentum confirmations:
MACD crossovers to detect short-term trend shifts,
Volume spikes to validate real market participation, and
VWAP / EMA alignment to filter trades in the direction of the prevailing intraday trend.
🔹 Entry Logic
Long Entry:
MACD line crosses above the signal line
Both MACD and Signal are above zero
Current volume > average of the last 10 candles
Price is above VWAP and (optionally) above EMA 9 and EMA 20
Short Entry:
MACD line crosses below the signal line
Both MACD and Signal are below zero
Current volume > average of the last 10 candles
Price is below VWAP and (optionally) below EMA 9 and EMA 20
🎯 Exit Logic
Fixed Take Profit: +0.25%
Fixed Stop Loss: -0.15% to -0.20%
Optionally, switch to the 5-minute chart after entry to monitor momentum and manage exits more smoothly.
⚙️ Recommended Settings
Timeframe: 2 minutes (entries), 5 minutes (monitoring)
Market Session: 9:45 AM – 11:30 AM EST
Assets: Highly liquid instruments such as SPY, QQQ, NVDA, TSLA, AAPL, or large-cap momentum stocks.
💡 Notes
This is a momentum-based scalping strategy — precision and discipline are key.
It performs best in high-volume environments where clear direction emerges after the morning volatility settles.
The system can be fine-tuned for different profit targets, MACD settings, or volume thresholds depending on volatility.
Fat Tony's Composite Momentum Histogram (v01)Fat Tony's Composite Momentum Histogram (v01)
Overview
Fat Tony's Composite Momentum Histogram (v01) is a sophisticated momentum oscillator that combines four powerful technical analysis components into a single, unified signal. Unlike traditional single-indicator approaches, this tool synthesizes Williams %R, Stochastic, MACD Histogram, and Rate of Change to provide a comprehensive view of momentum across multiple timeframes and calculation methods.
The indicator displays as a histogram that oscillates between -150 and +150, with overbought/oversold zones clearly marked at +100/-100. When momentum crosses above the oversold level with sufficient volume, a green triangle appears below the histogram signaling a potential long entry. Conversely, when momentum crosses below the overbought level, a red triangle appears above signaling a potential short entry.
What Makes This Different
Multi-Component Synthesis: Rather than relying on a single momentum calculation, this indicator averages four complementary momentum measures, each capturing different aspects of price action:
Williams %R captures overbought/oversold conditions
Stochastic tracks momentum relative to recent price range
MACD Histogram shows trend strength and potential reversals
Rate of Change measures velocity of price movement, normalized by volatility
Intelligent Volume Weighting: The indicator amplifies signals when volume confirms the move. Recent volume is compared to a 20-bar average using a logarithmic scale, preventing extreme spikes from distorting the signal while still rewarding genuine volume-backed momentum.
Adaptive Normalization: The MACD component uses a 200-bar standard deviation to adaptively scale itself, ensuring the indicator remains responsive across different market conditions and volatility regimes.
Volume Filtering: Optional minimum volume threshold (5-bar average) prevents false signals during low-liquidity periods when price moves may not be meaningful.
Key Features
Composite Signal: Combines four momentum indicators into one cohesive oscillator
Volume Confirmation: Optional volume weighting amplifies signals backed by strong participation
Trend Filter: Optional EMA-200 filter to trade only with the dominant trend
Visual Clarity: Color-coded histogram (blue for positive, orange for negative, red/green at extremes)
Automatic Alerts: Built-in alerts for entry and exit signals
Customizable Thresholds: Adjust overbought/oversold levels to match your trading style
ROC Toggle: Enable/disable the Rate of Change component based on your preference
Debug Mode: View individual component plots for fine-tuning and validation
Settings & Customization
Momentum Settings
Length (default: 14): Primary calculation period for Williams %R and Stochastic
MACD Fast (default: 12): Fast EMA period for MACD calculation
MACD Slow (default: 26): Slow EMA period for MACD calculation
MACD Signal (default: 9): Signal line period for MACD
ROC Length (default: 10): Lookback period for Rate of Change calculation
MACD StDev Length (default: 200): Period for adaptive MACD normalization
Levels
Overbought Level (default: 100): Threshold for short signals
Oversold Level (default: -100): Threshold for long signals
Volume Settings
Enable Volume Weighting (default: ON): Amplifies signals when volume confirms
Volume Sensitivity (default: 1.5): Controls strength of volume impact (0.5-3.0)
Min Avg Volume (default: 50,000): Minimum 5-bar average volume to trigger signals
Components
Include ROC Component (default: ON): Adds Rate of Change to the composite
Enable Trend Filter (default: OFF): Only signals aligned with EMA-200 trend
Show Component Plots (default: OFF): Display individual components for analysis
How to Use
Basic Signal Interpretation:
Green triangle below histogram = Long signal (momentum crossing up through oversold)
Red triangle above histogram = Short signal (momentum crossing down through overbought)
Histogram color indicates momentum direction and strength
Background shading highlights extreme overbought/oversold zones
Entry Strategy:
Wait for the histogram to enter oversold territory (below -100) for longs, or overbought (above +100) for shorts
Look for the entry signal (triangle) when momentum crosses back through the threshold
Confirm the signal occurs with adequate volume (if volume filter is enabled)
Consider the trend filter if trading with the dominant direction only
Exit Strategy:
Optional exit signals appear when momentum crosses the zero line against your position
Consider taking profits at extreme opposite readings (e.g., long exit when reaching +100)
Use price action, support/resistance, or your own risk management for final exits
Fine-Tuning:
Shorter Length settings (8-10): More responsive, more signals, potentially more noise
Longer Length settings (18-21): Smoother signals, fewer false positives, slower response
Higher Volume Sensitivity: Requires stronger volume confirmation
Lower Overbought/Oversold Levels (±80): More frequent signals
Enable Trend Filter: Reduces signals but improves win rate by trading with trend
Best Practices
Combine with Price Action: Use this indicator to confirm what you're seeing on the price chart, not as a standalone system
Respect the Volume Filter: Low-volume signals are often false moves; the volume confirmation is there for a reason
Don't Chase: Wait for signals at extreme levels; entries in the middle zone tend to whipsaw
Use Multiple Timeframes: Check that momentum aligns across your trading timeframe and a higher timeframe
Backtest Your Settings: Default parameters work well on many instruments, but optimization for your specific market and timeframe can improve results
Technical Details
The indicator normalizes each component to a -50 to +50 range before averaging, ensuring equal weighting regardless of the raw scale differences between Williams %R, Stochastic, MACD, and ROC. The MACD component uses a hyperbolic tangent function for smooth, bounded normalization. Volume weighting applies a logarithmic scale to prevent extreme outliers from dominating the calculation while still capturing genuine volume surges.
Momentum Breakout Filter + ATR ZonesMomentum Breakout Filter + ATR Zones - User Guide
What This Indicator Does
This indicator helps you with your MACD + volume momentum strategy by:
Filtering out fake breakouts - Shows ⚠️ warnings when breakouts lack confirmation
Showing clear entry signals - 🚀 LONG and 🔻 SHORT labels when all conditions align
Automatic stop loss & profit targets - Based on ATR (Average True Range)
Visual trend confirmation - Background color + EMA alignment
Signal Types
🚀 LONG Entry Signal (Green Label)
Appears when ALL conditions met:
✅ MACD crosses above signal line
✅ Volume > 1.5× average
✅ Price > EMA 9 > EMA 21 > EMA 200 (bullish trend)
✅ Price closes above recent 20-bar high
🔻 SHORT Entry Signal (Red Label)
Appears when ALL conditions met:
✅ MACD crosses below signal line
✅ Volume > 1.5× average
✅ Price < EMA 9 < EMA 21 < EMA 200 (bearish trend)
✅ Price closes below recent 20-bar low
⚠️ FAKE Breakout Warning (Orange Label)
Appears when price breaks high/low BUT lacks confirmation:
❌ Low volume (below 1.5× average), OR
❌ Wick break only (didn't close through level), OR
❌ MACD not aligned with direction
Hover over the warning label to see what's missing!
ATR Stop Loss & Targets
When you get a signal, colored lines automatically appear:
Long Position
Red solid line = Stop Loss (Entry - 1.5×ATR)
Green dashed lines = Profit Targets:
Target 1: Entry + 2×ATR
Target 2: Entry + 3×ATR
Target 3: Entry + 4×ATR
Short Position
Red solid line = Stop Loss (Entry + 1.5×ATR)
Green dashed lines = Profit Targets:
Target 1: Entry - 2×ATR
Target 2: Entry - 3×ATR
Target 3: Entry - 4×ATR
The lines move with each bar until you exit the position.
Chart Elements
Moving Averages
Blue line = EMA 9 (fast)
Orange line = EMA 21 (medium)
White line = EMA 200 (trend filter)
Volume
Yellow bars = High volume (above threshold)
Gray bars = Normal volume
Background Color
Light green = Bullish trend (all EMAs aligned up)
Light red = Bearish trend (all EMAs aligned down)
No color = Neutral/mixed
MACD (Bottom Pane)
Green/Red columns = MACD Histogram
Blue line = MACD Line
Orange line = Signal Line
Info Dashboard (Bottom Right)
ItemWhat It ShowsVolumeCurrent volume vs average (✓ HIGH or ✗ Low)MACDDirection (BULLISH or BEARISH)TrendEMA alignment (BULL, BEAR, or NEUTRAL)ATRCurrent ATR value in dollarsPositionCurrent position (LONG, SHORT, or NONE)R:RRisk-to-Reward ratio (shows when in position)
How To Use It
Basic Workflow
Wait for setup
Watch for MACD to approach signal line
Volume should be building
Price should be near EMA structure
Get confirmation
Wait for 🚀 LONG or 🔻 SHORT label
Check dashboard shows "✓ HIGH" volume
Verify trend is aligned (green or red background)
Enter the trade
Enter when signal appears
Note your stop loss (red line)
Note your targets (green dashed lines)
Manage the trade
Exit at first target for partial profit
Move stop to breakeven
Trail remaining position
What To Avoid
❌ Don't trade when you see:
⚠️ FAKE labels (wait for confirmation)
Neutral background (no clear trend)
"✗ Low" volume in dashboard
MACD and Trend not aligned
Settings You Can Adjust
Volume Sensitivity
High Volume Threshold: Default 1.5×
Increase to 2.0× for cleaner signals (fewer trades)
Decrease to 1.2× for more signals (more trades)
Fake Breakout Filters
You can toggle these ON/OFF:
Volume Confirmation: Requires high volume
Close Through: Requires candle close, not just wick
MACD Alignment: Requires MACD direction match
Tip: Turn all three ON for highest quality signals
ATR Stop/Target Multipliers
Default settings (conservative):
Stop Loss: 1.5×ATR
Target 1: 2×ATR (1.33:1 R:R)
Target 2: 3×ATR (2:1 R:R)
Target 3: 4×ATR (2.67:1 R:R)
Aggressive traders might use:
Stop Loss: 1.0×ATR
Target 1: 2×ATR (2:1 R:R)
Target 2: 4×ATR (4:1 R:R)
Conservative traders might use:
Stop Loss: 2.0×ATR
Target 1: 3×ATR (1.5:1 R:R)
Target 2: 5×ATR (2.5:1 R:R)
Example Trade Scenarios
Scenario 1: Perfect Long Setup ✅
Stock consolidating near EMA 21
MACD curling up toward signal line
Volume bar turns yellow (high volume)
🚀 LONG label appears
Red stop line and green target lines appear
Result: High probability trade
Scenario 2: Fake Breakout Avoided ✅
Price breaks above resistance
Volume is normal (gray bar)
⚠️ FAKE label appears (hover shows "Low volume")
No entry signal
Price falls back below breakout level
Result: Avoided losing trade
Scenario 3: Premature Entry ❌
MACD crosses up
Volume is high
BUT trend is NEUTRAL (no background color)
No signal appears (trend filter blocks it)
Result: Avoided choppy/sideways market
Quick Reference
Entry Checklist
🚀 or 🔻 label on chart
Dashboard shows "✓ HIGH" volume
Dashboard shows aligned MACD + Trend
Colored background (green or red)
ATR lines visible
No ⚠️ FAKE warning
Exit Strategy
Target 1 (2×ATR): Take 50% profit, move stop to breakeven
Target 2 (3×ATR): Take 25% profit, trail stop
Target 3 (4×ATR): Take remaining profit or trail aggressively
Stop Loss: Exit entire position if hit
Alerts
Set up these alerts:
Long Entry: Fires when 🚀 LONG signal appears
Short Entry: Fires when 🔻 SHORT signal appears
Fake Breakout Warning: Fires when ⚠️ appears (optional)
Tips for Success
Use on 5-minute charts for day trading momentum plays
Only trade high volume stocks ($5-20 range works best)
Wait for full confirmation - don't jump early
Respect the stop loss - it's calculated based on volatility
Scale out at targets - don't hold for home runs
Avoid trading first 15 minutes - let market settle
Best during 10am-11am and 2pm-3pm - peak momentum times
Common Questions
Q: Why didn't I get a signal even though MACD crossed?
A: All conditions must be met - check dashboard for what's missing (likely volume or trend alignment)
Q: Can I use this on any timeframe?
A: Yes, but it's designed for 5-15 minute charts. On daily charts, adjust ATR multipliers higher.
Q: The stop loss seems too tight, can I widen it?
A: Yes, increase "Stop Loss (×ATR)" from 1.5 to 2.0 or 2.5 in settings.
Q: I keep seeing FAKE warnings but price keeps going - what gives?
A: The filter is conservative. You can disable some filters in settings, but expect more false signals.
Q: Can I use this for swing trading?
A: Yes, but use larger timeframes (1H or 4H) and adjust ATR multipliers up (3× for stops, 6-9× for targets).
DM Price ActionHere’s a tight, rules-based playbook for trading with your DM Price Action (FVG + S/R + Order Blocks + VWAP + Auto PDH/PDL/PMH/PML). It’s educational, not financial advice—tune to your market & risk.
Core ideas (what each tool does for you)
VWAP → intraday trend/mean.
PDH/PDL → yesterday’s extremes; magnet & reversal/continuation levels.
PMH/PML → premarket extremes; first liquidity tests after the open.
FVG → imbalance zones for continuation entries.
Order Blocks (OBs) → origin of impulses; mitigation/breaks = structure shifts.
S/R → target rails and break alerts.
Setups (long/short mirror)
1) Bias + Pullback (FVG/OB) at Key Level
Bias (need 2+ conditions):
Price above VWAP (bulls) / below VWAP (bears)
Price above PDH/PMH (bulls) or below PDL/PML (bears)
Most recent Swing OB bias in your direction (script updates via crosses)
Entry (bullish example):
Wait for a Bullish FVG to form after we reclaim PMH or PDH.
Prefer FVG overlapping a Bullish OB or sitting just above Support.
Enter on retrace into FVG midline or first bullish reversal candle inside.
Stop: a few ticks below OB low (or FVG bottom, whichever is wider).
Targets:
T1: nearest Resistance or PDH/PMH if not yet tested.
T2: next HTF S/R or fixed 2R–3R.
Manage: to BE at 1R, trail under swing lows or VWAP on trend days.
Bearish mirror: below VWAP, below PDL/PML, Bearish FVG into Bearish OB / Resistance; stop above OB high.
2) Range Break & Retest at PDH/PDL (with OB confirmation)
Context: Price consolidates under PDH (or over PDL).
Trigger: Clean break of PDH/PDL with an OB breakout alert in the break direction.
Entry: On retest of PDH/PDL from the other side, look for a small FVG forming with the move → enter on the pullback.
Stop: beyond the retest wick or the OB edge.
Targets: next S/R, opposing day extreme (e.g., from PDH to PMH/HTF level) or 2R/3R.
3) Premarket Sweep Reversal (open-specific)
Setup: At/near the cash open, price sweeps PMH/PML (wick through) but closes back inside, then a counter-direction OB forms.
Entry: On first FVG in the reversal direction that overlaps that new OB.
Stop: beyond the sweep extreme (PMH/PML).
Targets: VWAP first, then PD midline levels/SR.
Confluence checklist (score ≥3 before clicking)
+1 Above/below VWAP in trade direction
+1 Trading from a PDH/PDL/PMH/PML reaction (reclaim or rejection)
+1 FVG overlaps an OB
+1 Entry at S/R (use the script’s lines)
+1 Fresh zone (recently formed OB/FVG)
+1 Higher-TF structure aligned (e.g., 1H trend)
Take the trade only if score ≥3; size up only at ≥4.
Execution framework (simple & repeatable)
Timeframes: 1H (bias) → 5–15m (execution).
Risk per trade: 0.25–1.0% of account (fixed).
Position size: Size = Risk $ / Stop distance.
Management:
Scale ½ at T1 (nearest SR/PD level), move stop to BE at 1R.
Let runner to T2 (2R–3R) or next PD level.
If VWAP flips against you and closes 2 bars opposite, exit remainder.
Using the inputs (what to tweak)
Order Blocks:
Scalping mode for intraday speed; Day Trade for cleaner swings.
Hide Internal OBs if noise is high; keep Swing OBs for structure.
FVG:
Keep Auto Threshold = ON.
If noisy, plot higher TF FVG (e.g., 15m FVG on 5m chart).
PDH/PDL/PMH/PML:
If chart is cluttered, keep “Show lines only on last bar” ON and labels ON.
Session markets (futures/US equities): use default 0400–0930 premarket; FX/crypto can disable PM lines if irrelevant.
Alerts to set (so you only act on confluence)
Create alerts for:
Bullish/Bearish FVG (execution zones)
Swing/Internal OB Breakout (structure shift)
Support/Resistance Broken (targets/continuation)
(Optional) Crossing PDH/PDL: use TV “Price crossing” with the plotted PDH/PDL values or visually monitor the labels
Workflow: Wait for ≥2 alerts to line up (e.g., Swing OB Breakout + Bullish FVG near PDH), then open the chart and execute the rule set.
Example trade (bullish)
Price reclaims PDH, holds above VWAP.
Bullish FVG prints overlapping a Bullish Internal OB just above PDH.
Limit at FVG midline, stop below OB low.
T1 = next Resistance; T2 = 2R. Move to BE at 1R; trail under new swing lows.
Hidden Impulse═══════════════════════════════════════════════════════════════════
HIDDEN IMPULSE - Multi-Timeframe Momentum Detection System
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OVERVIEW
Hidden Impulse is an advanced momentum oscillator that combines the Schaff Trend Cycle (STC) and Force Index into a comprehensive multi-timeframe trading system. Unlike standard implementations of these indicators, this script introduces three distinct trading setups with specific entry conditions, multi-timeframe confirmation, and trend filtering.
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ORIGINALITY & KEY FEATURES
This indicator is original in the following ways:
1. DUAL-TIMEFRAME STC ANALYSIS
Standard STC implementations work on a single timeframe. This script
simultaneously analyzes STC on both your trading timeframe and a higher
timeframe, providing trend context and filtering out low-probability signals.
2. FORCE INDEX INTEGRATION
The script combines STC with Force Index (volume-weighted price momentum)
to confirm the strength behind price moves. This combination helps identify
when momentum shifts are backed by genuine buying/selling pressure.
3. THREE DISTINCT TRADING SETUPS
Rather than generic overbought/oversold signals, the indicator provides
three specific, rule-based setups:
- Setup A: Classic trend-following entries with multi-timeframe confirmation
- Setup B: Divergence-based reversal entries (highest probability)
- Setup C: Mean-reversion bounce trades at extreme levels
4. INTELLIGENT FILTERING
All signals are filtered through:
- 50 EMA trend direction (prevents counter-trend trades)
- Higher timeframe STC alignment (ensures macro trend agreement)
- Force Index confirmation (validates volume support)
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HOW IT WORKS - TECHNICAL EXPLANATION
SCHAFF TREND CYCLE (STC) CALCULATION:
The STC is a cyclical oscillator that combines MACD concepts with stochastic
smoothing to create earlier and smoother trend signals.
Step 1: Calculate MACD
- Fast MA = EMA(close, Length1) — default 23
- Slow MA = EMA(close, Length2) — default 50
- MACD Line = Fast MA - Slow MA
Step 2: First Stochastic Smoothing
- Apply stochastic calculation to MACD
- Stoch1 = 100 × (MACD - Lowest(MACD, Smoothing)) / (Highest(MACD, Smoothing) - Lowest(MACD, Smoothing))
- Smooth result with EMA(Stoch1, Smoothing) — default 10
Step 3: Second Stochastic Smoothing
- Apply stochastic calculation again to the smoothed stochastic
- This creates the final STC value between 0-100
The dual stochastic smoothing makes STC more responsive than MACD while
being smoother than traditional stochastics.
FORCE INDEX CALCULATION:
Force Index measures the power behind price movements by incorporating volume:
Force Raw = (Close - Close ) × Volume
Force Index = EMA(Force Raw, Period) — default 13
Interpretation:
- Positive Force Index = Buying pressure (bulls in control)
- Negative Force Index = Selling pressure (bears in control)
- Force Index crossing zero = Momentum shift
- Divergences with price = Weakening momentum (reversal signal)
TREND FILTER:
A 50-period EMA serves as the trend filter:
- Price above EMA50 = Uptrend → Only LONG signals allowed
- Price below EMA50 = Downtrend → Only SHORT signals allowed
This prevents counter-trend trading which accounts for most losing trades.
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THE THREE TRADING SETUPS - DETAILED
SETUP A: CLASSIC MOMENTUM ENTRY
Concept: Enter when STC exits oversold/overbought zones with trend confirmation
LONG CONDITIONS:
1. Higher timeframe STC > 25 (macro trend is up)
2. Primary timeframe STC crosses above 25 (momentum turning up)
3. Force Index crosses above 0 OR already positive (volume confirms)
4. Price above 50 EMA (local trend is up)
SHORT CONDITIONS:
1. Higher timeframe STC < 75 (macro trend is down)
2. Primary timeframe STC crosses below 75 (momentum turning down)
3. Force Index crosses below 0 OR already negative (volume confirms)
4. Price below 50 EMA (local trend is down)
Best for: Trending markets, continuation trades
Win rate: Moderate (60-65%)
Risk/Reward: 1:2 to 1:3
───────────────────────────────────────────────────────────────────
SETUP B: DIVERGENCE REVERSAL (HIGHEST PROBABILITY)
Concept: Identify exhaustion points where price makes new extremes but
momentum (Force Index) fails to confirm
BULLISH DIVERGENCE:
1. Price makes a lower low (LL) over 10 bars
2. Force Index makes a higher low (HL) — refuses to follow price down
3. STC is below 25 (oversold condition)
Trigger: STC starts rising AND Force Index crosses above zero
BEARISH DIVERGENCE:
1. Price makes a higher high (HH) over 10 bars
2. Force Index makes a lower high (LH) — refuses to follow price up
3. STC is above 75 (overbought condition)
Trigger: STC starts falling AND Force Index crosses below zero
Why this works: Divergences signal that the current trend is losing steam.
When volume (Force Index) doesn't confirm new price extremes, a reversal
is likely.
Best for: Reversal trading, range-bound markets
Win rate: High (70-75%)
Risk/Reward: 1:3 to 1:5
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SETUP C: QUICK BOUNCE AT EXTREMES
Concept: Catch rapid mean-reversion moves when price touches EMA50 in
extreme STC zones
LONG CONDITIONS:
1. Price touches 50 EMA from above (pullback in uptrend)
2. STC < 15 (extreme oversold)
3. Force Index > 0 (buyers stepping in)
SHORT CONDITIONS:
1. Price touches 50 EMA from below (pullback in downtrend)
2. STC > 85 (extreme overbought)
3. Force Index < 0 (sellers stepping in)
Best for: Scalping, quick mean-reversion trades
Win rate: Moderate (55-60%)
Risk/Reward: 1:1 to 1:2
Note: Use tighter stops and quick profit-taking
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HOW TO USE THE INDICATOR
STEP 1: CONFIGURE TIMEFRAMES
Primary Timeframe (STC - Primary Timeframe):
- Leave empty to use your current chart timeframe
- This is where you'll take trades
Higher Timeframe (STC - Higher Timeframe):
- Default: 30 minutes
- Recommended ratios:
* 5min chart → 30min higher TF
* 15min chart → 1H higher TF
* 1H chart → 4H higher TF
* Daily chart → Weekly higher TF
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STEP 2: ADJUST STC PARAMETERS FOR YOUR MARKET
Default (23/50/10) works well for stocks and forex, but adjust for:
CRYPTO (volatile):
- Length 1: 15
- Length 2: 35
- Smoothing: 8
(Faster response for rapid price movements)
STOCKS (standard):
- Length 1: 23
- Length 2: 50
- Smoothing: 10
(Balanced settings)
FOREX MAJORS (slower):
- Length 1: 30
- Length 2: 60
- Smoothing: 12
(Filters out noise in 24/7 markets)
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STEP 3: ENABLE YOUR PREFERRED SETUPS
Toggle setups based on your trading style:
Conservative Trader:
✓ Setup B (Divergence) — highest win rate
✗ Setup A (Classic) — only in strong trends
✗ Setup C (Bounce) — too aggressive
Trend Trader:
✓ Setup A (Classic) — primary signals
✓ Setup B (Divergence) — for entries on pullbacks
✗ Setup C (Bounce) — not suitable for trending
Scalper:
✓ Setup C (Bounce) — quick in-and-out
✓ Setup B (Divergence) — high probability scalps
✗ Setup A (Classic) — too slow
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STEP 4: READ THE SIGNALS
ON THE CHART:
Labels appear when conditions are met:
Green labels:
- "LONG A" — Setup A long entry
- "LONG B DIV" — Setup B divergence long (best signal)
- "LONG C" — Setup C bounce long
Red labels:
- "SHORT A" — Setup A short entry
- "SHORT B DIV" — Setup B divergence short (best signal)
- "SHORT C" — Setup C bounce short
IN THE INDICATOR PANEL (bottom):
- Blue line = Primary timeframe STC
- Orange dots = Higher timeframe STC (optional)
- Green/Red bars = Force Index histogram
- Dashed lines at 25/75 = Entry/Exit zones
- Background shading = Oversold (green) / Overbought (red)
INFO TABLE (top-right corner):
Shows real-time status:
- STC values for both timeframes
- Force Index direction
- Price position vs EMA
- Current trend direction
- Active signal type
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TRADING STRATEGY & RISK MANAGEMENT
ENTRY RULES:
Priority ranking (best to worst):
1st: Setup B (Divergence) — wait for these
2nd: Setup A (Classic) — in confirmed trends only
3rd: Setup C (Bounce) — scalping only
Confirmation checklist before entry:
☑ Signal label appears on chart
☑ TREND in info table matches signal direction
☑ Higher timeframe STC aligned (check orange dots or table)
☑ Force Index confirming (check histogram color)
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STOP LOSS PLACEMENT:
Setup A (Classic):
- LONG: Below recent swing low
- SHORT: Above recent swing high
- Typical: 1-2 ATR distance
Setup B (Divergence):
- LONG: Below the divergence low
- SHORT: Above the divergence high
- Typical: 0.5-1.5 ATR distance
Setup C (Bounce):
- LONG: 5-10 pips below EMA50
- SHORT: 5-10 pips above EMA50
- Typical: 0.3-0.8 ATR distance
───────────────────────────────────────────────────────────────────
TAKE PROFIT TARGETS:
Conservative approach:
- Exit when STC reaches opposite level
- LONG: Exit when STC > 75
- SHORT: Exit when STC < 25
Aggressive approach:
- Hold until opposite signal appears
- Trail stop as STC moves in your favor
Partial profits:
- Take 50% at 1:2 risk/reward
- Let remaining 50% run to target
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WHAT TO AVOID:
❌ Trading Setup A in sideways/choppy markets
→ Wait for clear trend or use Setup B only
❌ Ignoring higher timeframe STC
→ Always check orange dots align with your direction
❌ Taking signals against the major trend
→ If weekly trend is down, be cautious with longs
❌ Overtrading Setup C
→ Maximum 2-3 bounce trades per session
❌ Trading during low volume periods
→ Force Index becomes unreliable
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ALERTS CONFIGURATION
The indicator includes 8 alert types:
Individual setup alerts:
- "Setup A - LONG" / "Setup A - SHORT"
- "Setup B - DIV LONG" / "Setup B - DIV SHORT" ⭐ recommended
- "Setup C - BOUNCE LONG" / "Setup C - BOUNCE SHORT"
Combined alerts:
- "ANY LONG" — fires on any long signal
- "ANY SHORT" — fires on any short signal
Recommended alert setup:
- Create "Setup B - DIV LONG" and "Setup B - DIV SHORT" alerts
- These are the highest probability signals
- Set "Once Per Bar Close" to avoid false alerts
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VISUALIZATION SETTINGS
Show Labels on Chart:
Toggle on/off the signal labels (green/red)
Disable for cleaner chart once you're familiar with the indicator
Show Higher TF STC:
Toggle the orange dots showing higher timeframe STC
Useful for visual confirmation of multi-timeframe alignment
Info Panel:
Cannot be disabled — always shows current status
Positioned top-right to avoid chart interference
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EXAMPLE TRADE WALKTHROUGH
SETUP B DIVERGENCE LONG EXAMPLE:
1. Market Context:
- Price in downtrend, below 50 EMA
- Multiple lower lows forming
- STC below 25 (oversold)
2. Divergence Formation:
- Price makes new low at $45.20
- Force Index refuses to make new low (higher low forms)
- This indicates selling pressure weakening
3. Signal Trigger:
- STC starts turning up
- Force Index crosses above zero
- Label appears: "LONG B DIV"
4. Trade Execution:
- Entry: $45.50 (current price at signal)
- Stop Loss: $44.80 (below divergence low)
- Target 1: $47.90 (STC reaches 75) — risk/reward 1:3.4
- Target 2: Opposite signal or trail stop
5. Trade Management:
- Price rallies to $47.20
- STC reaches 68 (approaching target zone)
- Take 50% profit, move stop to breakeven
- Exit remaining at $48.10 when STC crosses 75
Result: 3.7R gain
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ADVANCED TIPS
1. MULTI-TIMEFRAME CONFLUENCE
For highest probability trades, wait for:
- Primary TF signal
- Higher TF STC aligned (>25 for longs, <75 for shorts)
- Even higher TF trend in same direction (manual check)
2. VOLUME CONFIRMATION
Watch the Force Index histogram:
- Increasing bar size = Strengthening momentum
- Decreasing bar size = Weakening momentum
- Use this to gauge signal strength
3. AVOID THESE MARKET CONDITIONS
- Major news events (Force Index becomes erratic)
- Market open first 30 minutes (volatility spikes)
- Low liquidity instruments (Force Index unreliable)
- Extreme trending days (wait for pullbacks)
4. COMBINE WITH SUPPORT/RESISTANCE
Best signals occur near:
- Key horizontal levels
- Fibonacci retracements
- Previous day's high/low
- Psychological round numbers
5. SESSION AWARENESS
- Asia session: Use lower timeframes, Setup C works well
- London session: Setup A and B both effective
- New York session: All setups work, highest volume
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INDICATOR WINDOWS LAYOUT
MAIN CHART:
- Price action
- 50 EMA (green/red)
- Signal labels
- Info panel
INDICATOR WINDOW:
- STC oscillator (blue line, 0-100 scale)
- Higher TF STC (orange dots, optional)
- Force Index histogram (green/red bars)
- Reference levels (25, 50, 75)
- Background zones (green oversold, red overbought)
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PERFORMANCE OPTIMIZATION
For best results:
Backtesting:
- Test on your specific instrument and timeframe
- Adjust STC parameters if win rate < 55%
- Record which setup works best for your market
Position Sizing:
- Risk 1-2% per trade
- Setup B can use 2% risk (higher win rate)
- Setup C should use 1% risk (lower win rate)
Trade Frequency:
- Setup B: 2-5 signals per week (be patient)
- Setup A: 5-10 signals per week
- Setup C: 10+ signals per week (scalping)
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CREDITS & REFERENCES
This indicator builds upon established technical analysis concepts:
Schaff Trend Cycle:
- Developed by Doug Schaff (1996)
- Original concept published in Technical Analysis of Stocks & Commodities
- Implementation based on standard STC formula
Force Index:
- Developed by Dr. Alexander Elder
- Described in "Trading for a Living" (1993)
- Classic volume-momentum indicator
The multi-timeframe integration, three-setup system, and specific
entry conditions are original contributions of this indicator.
═══════════════════════════════════════════════════════════════════
DISCLAIMER
This indicator is a technical analysis tool and does not guarantee profits.
Past performance is not indicative of future results. Always:
- Use proper risk management
- Test on demo account first
- Combine with fundamental analysis
- Never risk more than you can afford to lose
═══════════════════════════════════════════════════════════════════
SUPPORT & QUESTIONS
If you find this indicator helpful, please:
- Leave a like and comment
- Share your feedback and results
- Report any bugs or issues
For questions about usage or optimization for specific markets,
feel free to comment below.
═════════════════════════════════════════════════════════════
🚀 Ultimate Trading Tool + Strat Method🚀 Ultimate Trading Tool + Strat Method - Complete Breakdown
Let me give you a comprehensive overview of this powerful indicator!
🎯 What This Indicator Does:
This is a professional-grade, all-in-one trading system that combines two proven methodologies:
1️⃣ Technical Analysis System (Original)
Advanced trend detection using multiple EMAs
Momentum analysis with MACD
RSI multi-timeframe analysis
Volume surge detection
Automated trendline drawing
2️⃣ Strat Method (Pattern Recognition)
Inside bars, outside bars, directional bars
Classic patterns: 2-2, 1-2-2
Advanced patterns: 3-1-2, 2-1-2, F2→3
Timeframe continuity filters
📊 How It Generates Signals:
Technical Analysis Signals (Green/Red Triangles):
Buy Signal Triggers When:
✅ Price above EMA 21 & 50 (uptrend)
✅ MACD histogram rising (momentum)
✅ RSI between 30-70 (not overbought/oversold)
✅ Volume surge above 20-period average
✅ Price breaks above resistance trendline
Scoring System:
Trend alignment: +1 point
Momentum: +1 point
RSI favorable: +1 point
Trendline breakout: +2 points
Minimum score required based on sensitivity setting
Strat Method Signals (Blue/Orange Labels):
Pattern Recognition:
2-2 Setup: Down bar → Up bar (or reverse)
1-2-2 Setup: Inside bar → Down bar → Up bar
3-1-2 Setup: Outside bar → Inside bar → Up bar
2-1-2 Setup: Down bar → Inside bar → Up bar
F2→3 Setup: Failed directional bar becomes outside bar
Confirmation Required:
Must break previous bar's high (buy) or low (sell)
Optional timeframe continuity (daily & weekly aligned)
💰 Risk Management Features:
Dynamic Stop Loss & Take Profit:
ATR-Based: Adapts to market volatility
Stop Loss: Entry - (ATR × 1.5) by default
Take Profit: Entry + (ATR × 3.0) by default
Risk:Reward: Customizable 1:2 to 1:5 ratios
Visual Risk Zones:
Colored boxes show risk/reward area
Dark, bold lines for easy identification
Clear entry, stop, and target levels
🎨 What You See On Screen:
Main Signals:
🟢 Green Triangle "BUY" - Technical analysis long signal
🔴 Red Triangle "SELL" - Technical analysis short signal
🎯 Blue Label "STRAT" - Strat method long signal
🎯 Orange Label "STRAT" - Strat method short signal
Trendlines:
Green lines - Support trendlines (bullish)
Red lines - Resistance trendlines (bearish)
Automatically drawn from pivot points
Extended forward to predict future levels
Stop/Target Levels:
Bold crosses at stop loss levels (red color)
Bold crosses at take profit levels (green color)
Line width = 3 for maximum visibility
Trade Zones:
Light green boxes - Long trade risk/reward zone
Light red boxes - Short trade risk/reward zone
Shows potential profit vs risk visually
📊 Information Dashboard (Top Right):
Shows real-time market conditions:
Main Signal: Current technical signal status
Strat Method: Active Strat pattern
Trend: Bullish/Bearish/Neutral
Momentum: Strong/Weak based on MACD
Volume: High/Normal compared to average
TF Continuity: Daily/Weekly alignment
RSI: Current RSI value with color coding
Support/Resistance: Current trendline levels
🔔 Alert System:
Entry Alerts:
Technical Signals:
🚀 BUY SIGNAL TRIGGERED!
Type: Technical Analysis
Entry: 45.23
Stop: 43.87
Target: 48.95
```
**Strat Signals:**
```
🎯 STRAT BUY TRIGGER!
Pattern: 3-1-2
Entry: 45.23
Trigger Level: 44.56
Exit Alerts:
Target hit notifications
Stop loss hit warnings
Helps maintain discipline
⚙️ Customization Options:
Signal Settings:
Sensitivity: High/Medium/Low (controls how many signals)
Volume Filter: Require volume surge or not
Momentum Filter: Require momentum confirmation
Strat Settings:
TF Continuity: Require daily/weekly alignment
Pattern Selection: Enable/disable specific patterns
Confirmation Mode: Show only confirmed triggers
Risk Settings:
ATR Multiplier: Adjust stop/target distance
Risk:Reward: Set preferred ratio
Visual Elements: Show/hide any component
Visual Settings:
Colors: Customize all signal colors
Display Options: Toggle signals, levels, zones
Trendline Length: Adjust pivot detection period
🎯 Best Use Cases:
Day Trading:
Use low sensitivity setting
Enable all Strat patterns
Watch for high volume signals
Quick in/out trades
Swing Trading:
Use medium sensitivity
Require timeframe continuity
Focus on trendline breakouts
Hold for target levels
Position Trading:
Use high sensitivity (fewer signals)
Require strong momentum
Focus on weekly/daily alignment
Larger ATR multipliers
💡 Trading Strategy Tips:
High-Probability Setups:
Double Confirmation: Technical + Strat signal together
Trend Alignment: All timeframes agree
Volume Surge: Institutional participation
Trendline Break: Clear level breakout
Risk Management:
Always use stops - System provides them
Position sizing - Risk 1-2% per trade
Don't chase - Wait for signal confirmation
Take profits - System provides targets
What Makes Signals Strong:
✅ Both technical AND Strat signals fire together
✅ Timeframe continuity (daily & weekly aligned)
✅ Volume surge confirms institutional interest
✅ Multiple indicators align (trend + momentum + RSI)
✅ Clean trendline breakout with no resistance above (or support below)
⚠️ Common Mistakes to Avoid:
Don't ignore stops - System calculates them for a reason
Don't overtrade - Wait for quality setups
Don't disable volume filter - Unless you know what you're doing
Don't use max sensitivity - You'll get too many signals
Don't ignore timeframe continuity - It filters bad trades
🚀 Why This Indicator is Powerful:
Combines Multiple Edge Sources:
Technical analysis (trend, momentum, volume)
Pattern recognition (Strat method)
Risk management (dynamic stops/targets)
Market structure (trendlines, support/resistance)
Professional Features:
No repainting - signals are final when bar closes
Clear risk/reward before entry
Multiple confirmation layers
Adaptable to any market or timeframe
Beginner Friendly:
Clear visual signals
Automatic calculations
Built-in risk management
Comprehensive dashboard
This indicator essentially gives you everything a professional trader uses - trend analysis, momentum, patterns, volume, risk management - all in one clean package!
Any specific aspect you'd like me to explain in more detail? 🎯RetryClaude can make mistakes. Please double-check responses. Sonnet 4.5
