Tool: Chop & Trade Zones

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

설명

⋅ 2020년 8월 5일 오전 8시 57분

A simple yet powerful way to filter out choppy ranges or sideways moves without missing out on good trades

It calculates the %-distance of the price to a moving average so you can ignore buy/sell signals around the center line.
The upper and lower line are thresholds to catch reversals of the trend when the distance to moving average is increasing.

Thanks @dgtrd and @imzeeshan for the inspiration 🙏

코멘트

Omaraa90

⋅ 2020년 8월 7일 오후 11시 34분

Hi, I added the indicator, but it shows a straight line all along - I have looked at all time frames and it's still does display as a straight line.

Is it designed for Crypto only?

Thanks.

rhanna

⋅ 2020년 8월 9일 오전 9시 11분

@Omaraa90, i experience the same.@nilux how can we apply your filter on other assets other than crypto?

bondnuetron

⋅ 2020년 12월 25일 오전 11시 57분

When applied to my chart it shows market is forever in Chop zone. Can someone help me set it up properly?

pmdb2

⋅ 2023년 1월 4일 오후 2시 0분

Maybe update settings. For example for Forex thresholds could be 0.04, -0.04, 0.08, -0.08 (depends on movement of course). Sma length also needs to be adjusted according to selected time frame. (for 1 min sma 20/50/100 only).

nilux

⋅ 2020년 8월 8일 오전 6시 45분

Here is the v2 version with lots of additional filters, plots and alerts: tradingview.com/script/eZr1BIke-Tool-Chop-and-Trade-Zones-v2/

Yahmez

⋅ 2021년 9월 30일 오후 6시 13분

Neither of the versions work

ASIFKERIM

⋅ 2020년 8월 5일 오후 3시 17분

Hi Bro,is it useful for scalping...

nilux

⋅ 2020년 8월 5일 오후 4시 6분

@hjsjshs, this is not an indicator for entries and exits but a filter to use one top of your strategy. if it's good for scalping, I don't know... probably it is.

xtricten

⋅ 2023년 8월 23일 오후 4시 4분

it needs lower values minutes charts:
len = input(21, title='Length')
src = input(close, title='Source')
dist_limit_long_h = input.float(0.05, title='% Distance Threshold Center (Long)', step=0.1, minval=0.0)
dist_limit_long_l = input.float(-0.2, title='% Distance Threshold Lower (Long)', step=0.1, maxval=0.0)
dist_limit_short_l = input.float(-0.05, title='% Distance Threshold Center (Short)', step=0.1, maxval=0.0)
dist_limit_short_h = input.float(0.2, title='% Distance Threshold Upper (Short)', step=0.1, minval=0.0)

ma = ta.ema(src, len)

dgtrd

⋅ 2020년 8월 26일 오전 9시 53분

very well done,
i keep deriving from distance concept and as I can see you do too cleverly ;-)