Cyatophilum Bands Definitive Edition

2021년 4월 14일

█ OVERVIEW

A Swing Trade indicator providing backtest and alerts which can be used as a long, short or reversal strategy.

Its main goal is to catch breakouts and huge moves, and to try and beat the Buy & Hold Return.


█ CONCEPTS

The strategy consists of a unique custom indicator that works like this:



A Smoothed Donchian Channel combined with a consolidation check will trigger an entry.
The entry is then guided by a faster channel used as a trailing stop.


█ HOW TO USE

The most effective way to use this indicator is on high timeframes, from 2H to 1D.
The recommended pairs are trending pairs with consolidation areas. Yes, I'm especially looking at crypto.

The first appproach would be to catch long and short breakouts, and ride the trend using the trailing stop.
Adjust the Bands wisely to trigger entries at the right time.



The second approach is to go longs only, and try to beat the Buy & Hold return.
For this, click "Go long" and use an order size of 100% equity. Then adjust the Bands, trailing stop and chart timeframe.
The Buy & Hold comparator will come handy when backtesting.




█ INDICATOR SETTINGS

Strategy Direction
Choose wether to go long only, short only or both directions.

Bands Configuration
The bands lookback, smoothing and consolidation % are used to change the behavior of the bands. More info in the settings tooltips.

Trailing Stop
The "speed" of the trailing stop can be configured, allowing more or less room for the price to move before exiting.

Volume Condition
In addition to the consolidation condition, you can add a volume check to your entry. Is the volume rising or not? Useful in most scenarios.

Exit Alert Type
If you want to receive alerts during bars or prefer to ignore wicks.

Backtest Settings
This is where you choose the backtest period which is also used to calculate the B&H return.

Graphics
The configuration panel with all the indicator settings backtest info.
The buy & Hold Comparator is an additional panel that turns green when the strategy's return is greater than the Buy & Hold return.
Note: The Strategy Return is the strategy netprofit + the strategy openprofit.


█ ALERTS

Configure your alert messages for all events in the indicator settings.
Then click "Add Alert". In the popup window, select the option "alert() function calls only", give the alert a name and you are good to go!


█ BACKTEST RESULTS

The backtest settings used in this snapshot are the following:

• Initial Capital: 10 000$
  
• Order size: 100% equity (It indeed compounds and this is intended since the main goal of the strategy is to compare to Buy & Hold return)
  
• Commission: 0.1%
  
• Slippage : 10 ticks
  

The Indicator settings used for this are shown in the main chart above.

2021년 6월 20일

릴리즈 노트

Added new Backtest Results panel
You can disable it by going in the style tab -> tables, or by clicking the indicator setting "Backtest Results Table".
You can also change its size if you want to make it bigger or smaller.

It replaces the Buy & Hold Comparator

2021년 7월 26일

릴리즈 노트

fix backtest closing orders with calc on every tick

2021년 9월 2일

릴리즈 노트

Added a take profit feature with trailing TP and 2nd take profit target.
When TP is hit, the strategy will re-enter on the next consolidation + breakout signal.

2021년 9월 2일

릴리즈 노트

Added alerts for TP 1 & TP 2

2021년 9월 29일

릴리즈 노트

When the exit alert type is set to "once per bar", the backtest now properly exits inside bar, at the exact price of the trailing stop and at the same time as the alert, using a stop order.

2021년 12월 22일

릴리즈 노트

Added a Trailing Stop Loss feature, indeed some losses could be prevented in case of reversal.

2022년 1월 10일

릴리즈 노트

Small visual bug fix (when using once per bar exit type sometimes the trailing line was off)

2022년 5월 20일

릴리즈 노트

Added an option to switch from Donchian Channels to Bollinger Bands + another option to filter stronger breakouts based on Keltner channels.

2022년 8월 11일

릴리즈 노트

Updated Alert text inputs. Now allows line returns!

2022년 8월 19일

릴리즈 노트

Never miss a single breakout with the new 'Keltner' Band option!
Added Bands settings: Multiplicator and Offset

2022년 8월 19일

릴리즈 노트

Updated config panel

2022년 8월 24일

릴리즈 노트

Added tooltip
Removed multiplicator for DC channel
Fix some visual bug with Take Profit line continuing when SL was hit
Added custom order size setting

2022년 8월 28일

릴리즈 노트

Added alert placeholders
All alerts:
{price} will return the close price
{ticker} symbol name without exchange prefix
{tickerid} symbol name with exchange prefix
Buy & Sell alert:
{TP}, {TP2}, {SL} will return the TP & SL prices

2022년 9월 30일

릴리즈 노트

Added EMA Trendline as filter

2022년 12월 8일

릴리즈 노트

• Inputs (quality of life)
  
• New ATR trailing stop option
  
• Backtest Table new design and options (colors, position)
  
• Added Alerts placeholders
  
• Plots (gradients, yay!)
  

2022년 12월 19일

릴리즈 노트

bugfixes (backtest table, limit take profit)
- Added a take profit option to NOT take profit when the global trend is in our direction
- The strategy will no longer enter a trade immediately after take profit is hit

2023년 1월 6일

릴리즈 노트

New inputs:
- Bands Timeframe: Make the Bands higher timeframe and go trade on lower timeframes without changing bands settings!
- Bands Source: Choose between 'Donchian', 'SMA' or 'EMA' to create your bands. Note that SMA and EMA are meant to be used with the new ATR and STDEV inputs but can work on their own!
- Add Standard Deviation to the Bands: This input replaces the previous 'Bollinger Bands' input, and allows more customisation.
- Add Average True Range to the Bands: This input replaces the previous 'Keltner Channels' input, and allows more customisation. Can be combined with the previous inputs!

Bug fixes:
Only graphical fixes within the backtest panel: open profit % is now correct!

New plot: Take Profit EMA used for Trend condition (option released in a previous update)

2023년 1월 29일

릴리즈 노트

Bugfixes: Backtest settings period input for trades.

2023년 3월 11일

릴리즈 노트

Added the option "Entry alert type"

2023년 6월 23일

릴리즈 노트

Updated Trailing Stop line, reduces drawdown and trails the price better!

1월 4일

릴리즈 노트

Added new features:
Strategy Direction
- reverse order option

Bands Settings
- Range Filter
Prevents fakeouts from previously touched support/resistance (recommended)
- Trend Filter
Creates a MTF pivot to filter trades (recommended)

Stop Loss
- Mode 'Auto', '%', 'pips', 'ATR'.
- Trailing Stop Loss Mode 'Classic', 'ATR', MTF.

Take Profit
- Mode '%', 'pips', 'Auto'.

Alerts
- Take Profit, Exit and Stop loss alerts are all grouped into a single 'EXIT' alert for easier setup.

1월 19일

릴리즈 노트

Fix of the reverse orders feature

1월 24일

릴리즈 노트

Backtest Panel: added ATH buy and hold, which is the maximum return a holder can get if he sold at ATH. Useful to compare with your strategy returns, because the buy and hold captured at the end of a bear market is easier to beat.

Added ATR settings for the trailing stop.

1월 29일

릴리즈 노트

Fix "once per bar" bands exit condition

2월 13일

릴리즈 노트

The faster exit band is improved to better adapt to the type of bands used, (donchian, true range, standard deviation..)
Added ATR settings for stop loss start price

2월 17일

릴리즈 노트

Added alert messages for Long & Short TP / SL, in case the unique exit alert wasn't enough.

3월 13일

릴리즈 노트

Bug fixes

3월 14일

릴리즈 노트

Fixes:
- "long/short sl alert type" input
- "exit alert (faster band)" replaces "exit all" alert

5월 31일

릴리즈 노트

Added MTF Trend Filters:
'EXTERNAL', 'Tilson T3', 'Adaptive Tilson T3', 'EMA', 'SMA', 'WMA', 'HULL MA', 'Adaptive HULL MA', 'KAMA', 'ALMA', 'RMA', 'SWMA', 'VWMA','SMMA','VIDYA','FRAMA','DEMA'.

Added NASDAQ/BTC.D Filters.

• Add a filter for long: do not enter when NASDAQ/BTC.D are falling.
  
• Add a filter for long: only enter when NASDAQ/BTC.D are rising.
  

7월 18일

릴리즈 노트

Added entry options "rebounds/bounce entries on pivot supports"
- Pick a higher timeframe (for ex 5 days)
- select which supports to enable (ex S2 to S5)
In contrary to the breakouts, the rebound entry can only happen when price is not consolidated.
The rebound entries are affected by the Nasdaq/BTC.D filter.

These rebounds do not happen often but give great buy opportunity.
Long only (for now)

8월 6일

릴리즈 노트

• Fixed a repainting issue with the nasdaq/BTC.D filter
  
• Code optimisation
  

8월 6일

릴리즈 노트

• Added a "Fast & Simple" Graphics mode to further reduce loading time and chart graphics
  

8월 6일

릴리즈 노트

• Added Alert tutorial label
  

8월 21일

릴리즈 노트

Updated Backtest Panel

• Increased readability
  
• Added tooltips
  

9월 21일

릴리즈 노트

• Pivot rebounds will now trigger a short exit event when shorts enabled
  
• Inputs clarification