📊 Weekly Income Rotation Dashboard - Backtest🧩 ETF Breakdown: QDTE vs SDTY
ETF Strategy Ideal Market Conditions Income Profile Role in Rotation
QDTE Daily call-selling Flat to slightly bearish High, daily CALLSELL signal
SDTY Covered calls + upside Bullish Moderate, monthly COVERED signal
🔹 QDTE – YieldMax QDTE Option Income Strategy ETF
Objective: Generate daily income by selling 0DTE (zero-day-to-expiry) call options on the S&P 500.
Best Used When: VIX is high and SPY momentum is weak (volatile/choppy/downward).
Why it works: The premium from selling calls is high when volatility is elevated.
Risk: If SPY surges, gains are capped (due to call obligations).
🔸 SDTY – YieldMax SDTY Option Income Strategy ETF
Objective: Collect income using covered calls while maintaining some market upside exposure.
Best Used When: VIX is low and SPY is moderately strong.
Why it works: It generates stable yield and captures upside if SPY climbs modestly.
Risk: Underperformance if SPY moves sharply higher.
📊 How Your Script Helps You Rotate Between Them
✅ 1. Quantifies Market Conditions
The script tracks:
VIX: Measures fear/volatility
30-day SPY momentum: Measures market trend
🔁 2. Generates Signals to Allocate
It auto-generates a signal each day:
"CALLSELL" → Use QDTE
"COVERED" → Use SDTY
"GROWTH" → Rotate to VTI, YMAX, etc.
"MIXED" → No action / defensive
🎯 3. Backtests Strategy Rotation
When Backtest Mode is ON, it simulates real-world rotation behavior.
The dashboard table and chart labels visually confirm entries.
You can tweak VIX/SPY thresholds to find the best yield-to-risk balance.
💼 Practical Application
Signal What You Do ETF Example
CALLSELL Allocate capital to QDTE Buy QDTE
COVERED Allocate to SDTY, collect stable yield Buy SDTY
GROWTH Rotate to YMAX or total market ETFs Buy VTI, YMAX
You can set alerts or automate execution via your broker when a signal changes.
Purpose
This tool uses a 30-day SPY momentum signal and the VIX level to rotate between 3 ETF strategies:
⚙️ How to Use
1. Add to a SPY Chart
Use a Daily chart of SPY
Apply the script
2. Enable Backtest Mode
Open the indicator settings.
Check the ✅ Enable Backtest Mode box to simulate trades.
3. Adjust the Inputs
Under Inputs, you can customize:
VIX Threshold: default = 15
SPY Change Thresholds:
Sell Calls: when SPY 30-day % change is below this
Growth: when SPY change is above this
Covered Calls: when SPY change is in the middle
4. Understand Visual Cues
🟩 Green background: CALLSELL (high volatility, income-focused)
🟥 Red background: GROWTH (bullish)
🟧 Orange background: COVERED (neutral/moderate trend)
🟨 Yellow: MIXED (hold cash / no position)
📊 Trade Labels
📈 Growth appears at entry of long growth position
✅ CALLSELL appears at entry of short (simulating selling calls)
🔁 Covered appears at entry of neutral covered calls
📋 Strategy Table (Top Right Corner)
Shows the current and previous signals:
Today
Yesterday
Last Week
Last Month
This helps identify trends or regime stability.
🔔 Alerts
You’ll get notifications when:
The signal changes from yesterday
The signal changes from last week
Use these to adjust live positions if you're trading the strategy manually.
🧪 Backtesting
When Backtest Mode is ON:
Strategy Tester will show trades (entries/exits)
Positions close when signals rotate
Useful to evaluate profit factor, drawdown, and win rate
💡 Pro Tips
Pair this dashboard with actual QDTE, SDTY, and YMAX tickers for execution.
Adjust thresholds over time based on volatility regimes.
지표 및 전략
20/50 EMA Crossover Strategysimple yet, effective moving average cross over for swing trading, long positions only.
Trade Flux Pro v1Multi-Timeframe Indicator System: Advanced Technical Analysis Solution
This Pine Script 6 based analysis system combines technical indicators across different timeframes to generate more reliable signals.
How It Works
The system analyzes primary and secondary indicators across three timeframes (lower, current, and higher), allowing users to better evaluate market movements with multiple confirmation levels.
Key Features
Dual Momentum Indicators: Combines two complementary oscillators for signal generation
Triple Timeframe Analysis: Examines lower, current, and higher timeframes simultaneously
Flexible Confirmation Modes: Choose between majority, all, or any timeframe confirmation
Visual Signals: Clear markers and color-coded panel showing indicator status
Notification System: Webhook integration for external alerts
Recommended Markets
Suitable for crypto, forex, stock, and futures markets with optimized settings for each.
Practical Applications
More accurate trend identification
Optimized entry and exit points
Reduced false signals
Adaptable to different market conditions
This system is fully compatible with Pine Script 6 and optimized for the TradingView platform.
VBSMI Strategy by QTX Algo SystemsVolatility Based SMI Strategy by QTX Algo Systems
Overview
The Volatility Based SMI Strategy transforms our popular VBSMI with Dynamic Bands indicator into a fully automated strategy that traders can backtest inside TradingView. It retains all core logic from the indicator—including adaptive volatility scaling and trend-based overbought/oversold thresholds—but adds two configurable entry methods, exit conditions, and a dual-mode trade execution engine.
This script is published separately from the VBSMI indicator because some traders use VBSMI as a confluence tool within their existing system, while others prefer a rules-based strategy that can be simulated, optimized, and tracked over time. This script serves the latter use case.
How It Works
Like the original indicator, this strategy uses:
Double-Smoothed SMI Calculation: Based on smoothed momentum using EMA of the relative and full range.
Adaptive Volatility Scaling: Uses a normalized BBWP-based factor to reflect current market volatility.
Dynamic Band Adjustment: Trend direction and strength shift overbought/oversold levels upward or downward.
Band Tilt & Compression Controls: Inputs allow users to define how aggressively the bands shift with trend conditions.
What’s different is the strategy layer—you now choose from two types of entry and exit logic, and two execution styles.
🛠️ Entry & Exit Modes
There are two logic modes for both entry and exit, allowing you to adapt the strategy to your own philosophy:
Cross Mode (SMI Crosses EMA):
Entry: Buy when SMI crosses above its EMA
Exit: Close when SMI crosses below its EMA
Exit OB/OS Mode (Band Exit Logic):
Entry: Buy when price exits dynamic oversold zone (crosses back above tilted oversold band)
Exit: Close when price exits dynamic overbought zone (crosses back below tilted overbought band)
You can mix and match the modes (e.g., enter on Cross, exit on Band Exit).
⚙️ Spot vs. Leverage Mode
Spot Mode
Designed for traders who prefer long-only setups
Enters a long position and holds until the exit condition is met
Prevents overlapping trades—ensures only one position at a time
Leverage Mode
Designed for those testing bi-directional systems (e.g., long/short switching)
Automatically flips between long and short entries depending on the signals
Useful for testing symmetrical strategies or inverse conditions
Both modes work across any asset class and timeframe.
Customization Options
Users can adjust:
Smoothing K/D: Controls how fast or slow the momentum reacts
SMI EMA Length: Determines the responsiveness of the signal line
Trend Lookback Period: Influences how stable the dynamic band tilt is
Band Tilt & Compression Strengths: Refines how far bands adjust based on trend
Entry/Exit Logic Type: Choose between “Cross” or “Exit OB/OS” logic
Trading Mode: Select either "Spot" or "Leverage" depending on your use case
Why It’s Published Separately
This script is not a cosmetic or minor variation of the original indicator. It introduces:
Entry/exit logic
Order execution
Strategy testing capabilities
Mode selection (Spot vs. Leverage)
Signal logic control (Cross vs. Band Exit)
Because the original VBSMI indicator is widely used as a charting and confirmation tool, converting it into a strategy changes how it functions. This version is intended for strategy evaluation and automation, while the original remains available for discretionary and visual use.
Use Cases
This strategy is best suited for:
Evaluating VBSMI-based signals in backtests
Comparing entry and exit logic over time
Testing setups on different assets and timeframes
Automating VBSMI-based logic in a structured and risk-aware framework
Disclaimer
This strategy is for educational purposes only. It does not guarantee future results or profitability. Always test in simulation before using any strategy live, and use proper risk management and trade discipline.
Ticker Pulse Meter + Fear EKG StrategyVERSION #2
Ticker Pulse + Fear EKG Strategy
Discover a smarter way to invest with the Ticker Pulse + Fear EKG Strategy, crafted for long-term investors seeking to buy dips and lock in profits over time. Fear EKG, a unique VIX-powered oscillator, pinpoints market fear to catch reversals at their sweetest spots, while Ticker Pulse’s dual-range metrics ensure you enter with momentum and exit with precision. Optimized for the daily timeframe—yet thriving on weekly and monthly charts—this strategy empowers you to dollar-cost average or ride trends with confidence, using partial exits to secure gains without guesswork.
Works out of the box, really no need for adjustment of settings.
However, here are a couple tidbits of information on how to adjust some of the settings.
Mute Fear EKG related buy entries:
In the settings tab, if you set the Upper Signal Threshold, Mid Signal Threshold, and the Lower Signal Threshold all to 100 this will serve to mute 100% of all Fear EKG spike related buy signals.
Mute Ticker Pulse Meter related buy entries
If you set the Above Long/Above Short Level and the Below Long/Below Short Level to zero this will serve to mute all buy signals related to the ticker pulse meter.
You may also want to play with the FEAR EKG SETTINGS. For instance, if you take it down to 5 and 2 respectively and muted the Ticker Pulse Meter by zeroing them out. What you are left with are much better bottom detection. Fewer trades to stretch the money in the event of a extended bear market.
Likewise, you can mute the Fear EKG by increasing all to 100, opting to only look at the dip buys related to the Ticker Pulse Meter. This too will serve to decrease the number of entries.
Related to the added context of the long term Linear Regression Channel, if you are looking for a powerful set up, consider only entering trades when a green dot prints below the red POC, point of control.
If you study the price action, between the 200 period moving average (white line), the 100 period SMA + Bollinger Bands (green and yellow lines), linear regression POC and channel tend to provide excellent support and resistance.
Paired with the companion Ticker Pulse Meter + Fear EKG indicator, you’ll visualize sentiment and price dynamics through vibrant area plots and a dynamic heatmap, making every decision crystal-clear. Whether you’re building wealth patiently or capitalizing on market dips, this strategy delivers robust, data-driven signals without the noise. Try it today and elevate your long-term portfolio! Note: Optional visuals (e.g., tables, SMA) use standard Pine Script logic, credited to community practices. Hypothetical results vary; no profits guaranteed.
Visual Enhancers: Entry/exit dots, position table, and optional SMA/Bollinger Bands (if enabled), moving average and linear regression channel use standard Pine Script logic or inspired by public scripts like "Bollinger Bands by TradingView", among others. The visual enhancers are there to provide added context and situational awareness only and are not core to the inter workings of the trading strategy.
None of the above is meant to serve as financial advice and is for educational purposes only.
Please like, comment and follow.
FS-LCThis strategy is my interpretation of the LC (Lorentzian Classification) strategy.
Consider this a BETA version of the strategy (even though it is on revision 212) with around 43 hours put into it.
What is missing is optimization through backtesting, to find optimal settings. Reccomended that you do this within a SIM account and with 1c micros (MES).
There is a "news event block" function, but it doesn't show up on the chart...so if you are running this in SIM feedback would be appreciated if it does try to trade during the news you have enabled to be blocked (high, medium, or low). If you are NOT running in SIM then I would be careful to turn it off before major news events (that's a good practice anyways).
Please note that (for now) this strategy is invite only and provided to members of the GOAT Automation Bundle, link here:
whop.com
Or what is needed to automate your trades using GAP (Goat Auto Pilot) here:
whop.com
(detail about how to subscribe are included there)
I am not an administrator of that system, but am myself a subscriber, and am providing this and soon other strategies as a way to contribute to the group.
Disclaimers:
- Trading has risks, be sure to educate yourself as to the risks of trading.
- The default settings are just a starting point and are not meant to be the "best", since settings will naturally be necessitated over time. It is up to the individual trader to do their own backtesting and optimizing of parameters.
- No returns are guaranteed, it is up to the individual trader to use their own judgement to decide to enable this strategy and what settings they will use.
Feedback:
Feel free to reach out to the publisher of this strategy with suggestions through the group's Discord channel, subscribing member areas. There is no guarantee that any suggestions will be implemented, but they will be considered.
Heikin Ashi Smoothed StrategyThis TradingView Pine Script strategy is designed to enhance traditional Heikin Ashi candlestick visuals by applying smoothing techniques to the standard OHLC values. At its core, the script calculates moving averages for the open, high, low, and close prices using a selectable moving average method—options include SMA, EMA, WMA, Hull, and TEMA. A custom function is provided to compute TEMA, ensuring a smoother representation of price data. These smoothed values are then used to derive modified Heikin Ashi candle values, with the strategy offering a choice between two formulas (Valcu and Vervoort) for calculating the HA close.
In addition to generating the smoothed Heikin Ashi candles, the strategy incorporates multiple overlay indicators to capture different trend perspectives based on the HA close. The script plots a moving average, a linear regression line, and a TEMA line directly on the chart for enhanced trend analysis. These trendlines are derived by reapplying smoothing techniques to the HA close, giving traders a multi-faceted view of market behavior. The customizable inputs allow users to toggle the visibility of these elements and adjust their parameters (such as period lengths and specific MA types), thereby tailoring the visual and analytical output to their individual trading preferences.
The trading logic of the strategy hinges on the crossover dynamics between the HA close’s linear regression and its moving average. A buy signal is generated when the linear regression crosses above the moving average, suggesting that the smoothed HA price is gaining upward momentum. Conversely, a sell signal is triggered when the linear regression crosses below the moving average, indicating a potential downturn. By combining smoothed price visualization with these robust trend indicators, the strategy aims to reduce noise and provide clearer entry and exit signals, catering especially to traders who rely on technical analysis for making informed decisions.
Important Notice:
The use of technical indicators like this one does not guarantee profitable results. This indicator should not be used as a standalone analysis tool. It is essential to combine it with other forms of analysis, such as fundamental analysis, risk management strategies, and awareness of current market conditions. Always conduct thorough research.
Note: The effectiveness of any technical indicator can vary based on market conditions and individual trading styles. It's crucial to test indicators thoroughly using historical data before applying them in live trading scenarios.
Disclaimer:
Trading financial instruments involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. This indicator is provided for informational and educational purposes only and should not be considered investment advice. Always conduct your own research before making any trading decisions.
LOREN SETUP | ALGO |StocktutorDisclaimer – Sir Loren Setup (Algo Version)
The Sir Loren Setup (Algo Version) is a proprietary trading algorithm developed exclusively by the mentors at StockTutor . This algorithm is intended solely for the personal use of authorized users.
⚠ Strictly Prohibited:
- Copying or reproducing the algorithm in any form
- Reselling or redistributing the algo
- Sharing access or logic with third parties
- Using the algo for commercial purposes without prior written consent
Any violation will be treated as intellectual property theft and may lead to immediate legal action.
Adaptive Momentum Flow Strategy
Adaptive momentum and wavelet flow techniques are used to identify trading opportunities in the market. It's designed to capture trends by comparing two proprietary technical indicators:
Wavelet Flow - A composite indicator that uses multiple exponential moving averages at different periods to detect price movements
Harmonic Oscillator - An oscillator that measures momentum using a series of exponential moving averages
Signal Generation
The strategy uses the high-low average price (HL2) as its data source
A base cycle period is used for calculations
An adaptive filter is applied to both indicators
Trading signals are generated when these two indicators cross each other
Entry Conditions
Buy Signal: When the momentum signal crosses above the wave signal
Sell Signal: When the wave signal crosses above the momentum signal
Risk Management
Fixed profit target of 5% ,editable
Risk limit (stop loss) of 2% ,editable
Position sizing can be fixed as per user discretion
Signal Visualization
The strategy generates the wave and momentum signals
Buy and sell signals are marked with up and down arrows on the chart
Special Features
The strategy incorporates several sophisticated techniques: in.tradingview.com
Adaptive Filtering - An algorithm that dynamically adjusts to market conditions
Wavelet Analysis - A technique that decomposes price action into different frequency components
Harmonic Oscillation - A method to identify cyclical patterns in price movements
Strategy Logic
The core logic revolves around identifying shifts in market momentum:
When momentum is rising faster than the overall flow, it indicates bullish pressure
When the wave flow overtakes momentum, it suggests bearish pressure
Entry signals occur at these transition points
Positions are managed with predefined profit targets and stop losses
The strategy also includes position reversal logic for when signals change direction
This approach aims to capture market transitions while maintaining defined risk
Scalping total strategy alertsThis is almost the same strategy as my " Scalping total Strategy", but this one include the possibility of making alerts on buy/sell signals AND on long/short signals.
Whats the difference between buy/sell and long/ short?
Well, this strategy gives you buy signals and sell signals.
They can be used on their own, and they are based on STOCH RSI, RSI, RSI EMA, MACD in certain settings.
All settings can be personlized, so change the parameters as you wish,
As default they give good signals on 1 sec chart to 4 hour charts, if you want higer timeframes, just adjust the settings.
But the Long / Short signals?
They are delayed " entry points", based on the same indicators as buy/ sell signals, but they signal after the trend change for safer entries.
The trend is set by additional EMAS, and these settings can ofcourse also be set as you want.
As default these EMAs are good for 5 min scalping up to 1 hour timeframes.
If you use higher timeframes ( or lower), adjust the additional EMAs to your preference.
SO, now you can set alerts on these buy / sell signals AND you can set alerts in the LONG / SHORT signals.
The strategy tester just test from one signal to the next, but that is not how trading is done.
Ofcourse one need to have SL and TP, and that is up to you to set for your own trading.
This strategy is just for possible entries.
Do you have any questions, just reach out.
Arena-Hub-DC-Strategy V3.1This script must be individually configured for each cryptocurrency. After monitoring several coins, I’ve realized that each one requires its own unique setup. There's no “one-size-fits-all” — and different timeframes require different configurations as well.
⚠️ Risk management is essential.
If you're not familiar with proper risk management, please do not use this script. Make sure to configure your commission and slippage settings appropriately, as these are critical for realistic backtesting results. The Stop Loss and Take Profit levels are not automated — they must be adjusted by the user.
This script is not a financial advisor. It won't make risk or profit-related decisions for you. It's a tool designed to help identify potential entries, trends, and exit opportunities — but all final decisions must be made by the trader.
The default settings are only examples. You’ll need to customize them for each crypto asset and timeframe to make the strategy truly work for your style and market conditions.
The script evaluates:
The positioning of two RSIs relative to each other
Their alignment with a customizable RSI-EMA
The values of EMAs and the ATR (volatility)
A custom weighting system using ADR and VOLUME, which strongly affects trade signals. The weights can be adjusted in 0.1 increments, and even small changes can have a big impact — so fine-tuning is important!
These indicators were chosen because they complement each other:
RSI and its EMA help identify momentum shifts
ATR gauges volatility to confirm market conditions
ADR and VOLUME help filter weak signals and fine-tune entries and exits
🔍 Important: Only use this script if you understand how RSI, EMA, ATR, ADR, and VOLUME indicators work, and are comfortable making your own trading decisions.
The backtest results are based on historical data — the script cannot see the future, not even guess it. Please use it responsibly.
This script is an advanced trend-following strategy that dynamically combines RSI, SMA, EMA, ATR, ADX, and volume indicators using a unique weighting and filtering mechanism. Instead of simply combining traditional indicators, it applies them in a unique way:
✅ Dual RSI Comparison: The strategy utilizes two RSI indicators, analyzing their relative movement to filter out false signals and provide more precise entry points.
✅ Custom Entry and Exit Rules: EMA crossovers alone do not generate signals; instead, they go through a dynamic RSI filter that takes market volatility into account using ATR and ADX.
✅ Intelligent Trend Identification: Instead of standard moving averages, a uniquely weighted SMA/EMA system is used to assess trend strength and stability.
✅ ATR, ADX & Volume-Based Weighting: The EMA length is dynamically adjusted based on ATR, ADX, and volume, allowing moving averages to react faster in strong trends while smoothing out in choppy markets.
Advanced Dynamic EMA Zone
This is not your typical EMA indicator. It's an enhanced, dynamically adaptive trend zone that:
✅ Applies gradient shading – The zone between EMAs is divided into four layers, highlighting trend strength through smooth color transitions.
✅ Visualizes trend intensity – The strongest trends appear in the darkest shades, while weaker moves fade into lighter tones.
✅ Brings moving averages to life – Instead of static lines, it creates a visually intuitive trend channel.
✅ Differentiates bullish & bearish phases – The cloud fades from dark green to light green during an uptrend and from dark red to light red in a downtrend.
✅ Filters out market noise – Weakening trends appear more transparent, instantly revealing when momentum starts to fade.
✅ Enhances decision-making – Crossovers alone are not trading signals, but the visual representation helps identify market conditions at a glance.
➡️ What makes it unique?
Traditional moving average indicators rely on basic lines, but this is a full-fledged trend visualization system, helping traders filter noise and better understand price momentum.
🔄 Improved Custom EMA Smoothing Control
We’ve enhanced the weighting factor input for better user control! Previously, the EMA smoothing factor (ema1_smooth_factor) had a fixed step size that limited precision. Now, users can fine-tune it in 0.1 increments for greater flexibility.
✅ What’s new?
More precise control over EMA smoothing with adjustable step size (step=0.1).
Better adaptability to different market conditions.
Smoother trend visualization for traders who prefer fine-tuned settings.
This update ensures our custom EMA visualization remains superior to standard indicators. 🎯🔥
BTCDOM 15m long only strategy v5📈 BTCDOM/USDT 15min Strategy – Consistent Gains with Minimal Drawdown
This strategy is built for long-term investment performance, targeting 100%+ annual returns with low drawdown, even during volatile market conditions.
✅ Tested across all historical data since the BTCDOM index launch in 2021
✅ Designed for Binance and 15-minute timeframe
✅ Maintains a steady ~50% win rate with a 3:1 reward-to-risk ratio
✅ Ideal for long-term, compounding growth – not scalping or overtrading
💡 I'm also running a Binance Copy Trading portfolio based on this exact strategy.
📬 DM me and I’ll share real-time performance and portfolio access.
AccumulationPro Money Flow Entry LevelAccumulationPro Money Flow Entry Level Edition identifies stock trading opportunities by analyzing money flow and potential long-only opportunities following periods of increased money inflow. It employs proprietary responsive indicators and oscillators to gauge the strength and momentum of the inflow relative to previous periods, detecting money inflow, buying/selling pressure, and potential continuation/reversals, while using trailing stop exits to maximize gains while minimizing losses, with careful consideration of risk management and position sizing.
Setup Instructions:
1. Configuring the Strategy Properties:
Click the "Settings" icon (the gear symbol) next to the strategy name.
Navigate to the "Properties" tab within the Settings window.
Initial Capital: This value sets the starting equity for the strategy. Keep in mind that you will need to specify your current account size in the "Inputs" settings.
Base Currency: Leave this setting at its "Default" value.
Order Size: This setting determines how much of your capital is used for each trade for backtesting purposes to determine the value of the risk per trade indicator and not the actual position sizing used in the position size calculator as explained in the Backtesting section.
Click the dropdown that initially says "Contracts."
Select "% of equity" from the list.
Set the value to 100.
Pyramiding: Set this setting at 1 order to prevent the strategy from adding to existing positions.
Commission: Enter your broker's commission fee per trade as a percentage. If you are unsure, or for initial backtesting, you can leave this at 0.
Verify Price for limit orders: Keep this value as 0 ticks.
Slippage: Keep this value as 0 ticks.
Margin for long positions/short positions: Set both of these to 100% since this strategy does not employ leverage or margin trading.
Recalculate:
Select the "After order is filled" option.
Select the "On every tick" option.
Fill Orders:
Keep “Using bar magnifier” unselected.
Select "On bar close".
Select "Using standard OHLC"
2. Configuring the Strategy Inputs:
Click the "Inputs" tab in the Settings window.
From/Thru (Date Range): To effectively backtest the strategy, define a substantial period that includes various bullish and bearish cycles. This ensures the testing window captures a range of market conditions and provides an adequate number of trades. It is usually favorable to use a minimum of 8 years for backtesting. Ensure the "Show Date Range" box is checked.
Account Size: This is your actual current Account Size used in position size calculations.
Risk on Capital %: This setting allows you to specify the percentage of your capital you are willing to risk on each trade. A common value is 0.5%.
3. Configuring Strategy Style:
Select the "Style" tab.
Select the checkbox for “Stop Loss” and “Stop Loss Final” to display the black/red Average True Range Stop Loss step-lines
Make sure the checkboxes for "Upper Channel", "Middle Line", and "Lower Channel" are selected.
Select the "Plots Background" checkboxes for "Color 0" and "Color 1" so that the potential entry and exit zones become color-coded.
Having the checkbox for "Tables" selected allows you to see position sizing and other useful information within the chart.
Have the checkboxes for "Trades on chart" and "Signal Labels" selected for viewing entry and exit point labels and positions.
Uncheck* the "Quantity" checkbox.
Precision: select “Default”.
Check “Labels on price scale”
Check “Values in status line”
Strategy Application Guidelines:
Entry Conditions:
The strategy identifies long entry opportunities based on substantial money inflow, as detected by our proprietary indicators and oscillators. This assessment considers the strength and momentum of the inflow relative to previous periods, in conjunction with strong price momentum (indicated by our modified, less-lagging MACD) and/or a potential price reversal (indicated by our modified, less-noisy Stochastic). Additional confirmation criteria related to price action are also incorporated. Potential entry and exit zones are visually represented by bands on the chart.
A blue upward-pointing arrow, accompanied by the label 'Long' and green band fills, signifies a long entry opportunity. Conversely, a magenta downward-pointing arrow, labeled 'Close entry(s) order Long' with yellow band fills, indicates a potential exit.
Take Profit:
The strategy employs trailing stops, rather than fixed take-profit levels, to maximize gains while minimizing losses. Trailing stops adjust the stop-loss level as the stock price moves in a favorable direction. The strategy utilizes two types of trailing stop mechanisms: one based on the Average True Range (ATR), and another based on price action, which attempts to identify shifts in price momentum.
Stop Loss:
The strategy uses an Average True Range (ATR)-based stop-loss, represented by two lines on the chart. The black line indicates the primary ATR-based stop-loss level, set upon trade entry. The red line represents a secondary ATR stop-loss buffer, used in the position sizing calculation to account for potential slippage or price gaps.
To potentially reduce the risk of stop-hunting, discretionary traders might consider using a market sell order within the final 30 to 60 minutes of the main session, instead of automated stop-loss orders.
Order Types:
Market Orders are intended for use with this strategy, specifically when the candle and signal on the chart stabilize within the final 30 to 60 minutes of the main trading session.
Position Sizing:
A key aspect of this strategy is that its position size is determined by a calculator, which is displayed in a table on the chart. The position size is calculated based on stop-loss placement, including the stop-loss buffer, and the capital at risk per trade which is commonly set around 0.5% Risk on Capital per Trade.
Backtesting:
The backtesting results presented below the chart are for informational purposes only and are not intended to predict future performance. Instead, they serve as a tool for identifying stocks with which the strategy has historically performed well. It's important to note that the position size used in the backtesting results is unrealistic, as it assumes a portfolio consisting of a single stock. In contrast, our strategy relies on a diversified portfolio of multiple stocks. Because TradingView does not support backtesting across an entire portfolio, we conducted portfolio-level backtesting programmatically using alternative methods, with a fixed 0.5% risk per trade. We also performed walkforward optimization, in addition to 3D stability graph optimizations, carefully considering overfitting to arrive at stable parameters for the strategy. The default 100% position size in the backtester functions as a "what-if" scenario, illustrating the maximum drawdowns that resulted historically if the entire portfolio were allocated to a single stock.
Important Considerations:
This strategy is designed for trading liquid stocks, especially fractional shares, and focuses exclusively on long opportunities within the 1D timeframe. It does not incorporate short opportunities, as all exit signals are designed solely for exiting long positions, not for initiating short positions. The strategy is not intended for use in trading options or futures.
Charts must include volume data, and this data must originate from a centralized exchange. Consequently, this strategy is not designed for use with FOREX, for example.
Our system is designed for trading a portfolio of stocks. Therefore, if you intend to use our system, you should employ appropriate position sizing, without leverage or margin, and seek out a variety of long opportunities, rather than trading a single stock with an excessively large position size.
If you are trading without automated signals, always allow the chart to stabilize. Refrain from taking action until the final 1 hour to 30 minutes before the end of the main trading session to minimize the risk of acting on false signals.
To align with the strategy's design, it's generally preferable to enter a trade during the same session that the signal appears, rather than waiting for a later session.
Our system does not account for slippage, spreads, and commissions. This is because it is designed for trading stocks on the 1D timeframe, where slippage is typically negligible, particularly for liquid stocks. Similarly, commissions are either negligible or can be avoided altogether by trading stocks and fractional shares commission-free, depending on your chosen broker.
Disclaimer:
Trading in financial markets involves a substantial degree of risk. You should be aware of the potential for significant financial losses. It is imperative that you trade responsibly and avoid overtrading, as this can amplify losses. Remember that market conditions can change rapidly, and past performance is not indicative of future results. You could lose some or all of your initial investment. It is strongly recommended that you fully understand the risks involved in trading and seek independent financial advice from a qualified professional before using this strategy.
TRENDTRADER264 (Invite Only - Clean)TRENDTRADER264 is a premium visual-only trend system built exclusively for serious commodity and index traders.
Designed with strict rules and automated logic, this script eliminates guesswork, distractions, and noise — giving you clean background trend zones to visually follow market momentum.
✅ Optimized for commodities & indices only
✅ Fixed internal logic – do not change timeframes
✅ No signals, arrows, or indicators — just clear color-based trend guidance
✅ No customization or inputs shown to protect strategy integrity
✅ Suitable for those building or using automated trading systems
📊 Backtested results are available on request
🔄 This tool is not meant for stocks or crypto trading
💰 Access Fee: ₹2,000/month
Invite-only access will be granted after payment confirmation.
📩 To get access or view backtest reports, contact me via TradingView DM.
⚖️ SEBI-Compliant Disclaimer:
This tool is provided for educational and informational purposes only.
It is not intended as investment advice or a recommendation to buy or sell any financial instrument.
The author is not a SEBI-registered investment advisor, and no guarantee is made regarding profits or performance.
Users should consult their financial advisor and use their own discretion before making trading decisions.
Let me know if you want:
A downloadable PDF version of this text
Translations (Gujarati / Hindi)
Website or branding support for clients
You're ready to offer this as a professional-grade trading product 🔐📈
You said:
ADD ALSO IT IS NOT BUY OR SELL RECOMENDATION IT GIVES YOU MAJOR TREND IDEA WHICH HELPS YOU TO TRADE AS PER YOUR UNDERSTANDING
ChatGPT said:
Absolutely, Henil — here’s your final polished description including:
✅ Invite-only tool details
✅ ₹2,000/month fee
✅ SEBI-compliant disclaimer
✅ Clear note: not a buy/sell recommendation, just major trend guidance
🔒 TRENDTRADER264 (Invite-Only Visual Tool for Serious Traders)
Description:
TRENDTRADER264 is a premium visual-only trend system designed exclusively for serious commodity and index traders.
It highlights major market direction through clean background coloring — helping you align your trades with the broader trend, without distractions.
✅ Built for commodities and indices only
✅ Works on predefined logic — no settings visible or adjustable
✅ Do not change timeframe — the system is internally optimized
✅ Visual-only: no buy/sell recommendation.
✅ Ideal for those building or following automated strategies
🔍 This is not a buy or sell recommendation.
It simply highlights the major trend direction so you can trade based on your understanding.
📊 Backtest reports available on request
💻 Automation-ready if you want to scale this logic
💰 Access Fee: ₹2,000/month
📩 To request access, DM me directly on TradingView.
⚖️ SEBI-Compliant Disclaimer:
This tool is provided strictly for educational and informational purposes only.
It does not constitute investment advice or a recommendation to buy or sell any securities or financial instruments.
The author is not a SEBI-registered investment advisor, and no performance guarantee is implied or promised.
Users are expected to do their own research or consult a licensed financial advisor before making any trading decisions.
FiFTO Supertrend with TP/SLThis strategy is a fully-featured Supertrend-based system built for serious traders who want flexibility, clarity, and high usability.
It's ideal for intraday and swing traders who rely on trend-following systems, and it's also useful for backtesting directional plays.
✅ Key Features:
🔹 Supertrend Signal Engine
Based on customizable ATR Period and Multiplier
Directional entries on Supertrend crossovers
🔹 Entry Filters
Choose between: Buy Only, Sell Only, or Both
Re-entry after exit or on every crossover
🔹 Stop Loss & Target Profit System
Target Profit is always enabled
Stop Loss is optional via input
Both calculated dynamically from Entry Price
Fully configurable with percentage inputs
🔹 Labeling System (Visual Signals)
🟢 Buy / 🔴 Sell entry labels
🎯 Target Hit / 🛑 SL Hit exit labels
Useful for manual review and chart clarity
🔹 Live Trade Info Table
Displays real-time Entry Price, SL, and TP
Appears only when in a trade
Choose from 9 placement options:
Top / Middle / Bottom × Left / Center / Right
Toggleable dark/light theme for visual preference
🔹 User Inputs for Full Control
ATR Period and Multiplier
TP% and SL%
Show/hide labels and table
Position table anywhere on the screen
🎯 Use Cases:
Trend-following setups
Intraday momentum strategies
Swing trading with directional bias
Visual strategy tracking and debugging
Live trade management display on chart
🧠 Strategy Behavior:
Strategy enters long or short based on Supertrend reversal
Optionally restricts entries to one side (Buy/Sell)
Stops and targets are fixed % from entry, updated in real time
Trades are closed based on TP or SL logic
Re-entry can be immediate or only after exit (user-defined)
For more : Telegram Id : maniraja5599
🎯 v3-final-strategy | 실전용 최종 알림 통합
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Ticker Pulse Meter + Fear EKG StrategyTicker Pulse + Fear EKG Strategy
Discover a smarter way to invest with the Ticker Pulse + Fear EKG Strategy, crafted for long-term investors seeking to buy dips and lock in profits over time. Fear EKG, a unique VIX-powered oscillator, pinpoints market fear to catch reversals at their sweetest spots, while Ticker Pulse’s dual-range metrics ensure you enter with momentum and exit with precision. Optimized for the daily timeframe—yet thriving on weekly and monthly charts—this strategy empowers you to dollar-cost average or ride trends with confidence, using partial exits to secure gains without guesswork.
Works out of the box, really no need for adjustment of settings.
Paired with the companion Ticker Pulse Meter + Fear EKG indicator, you’ll visualize sentiment and price dynamics through vibrant area plots and a dynamic heatmap, making every decision crystal-clear. Whether you’re building wealth patiently or capitalizing on market dips, this strategy delivers robust, data-driven signals without the noise. Try it today and elevate your long-term portfolio! Note: Optional visuals (e.g., tables, SMA) use standard Pine Script logic, credited to community practices. Hypothetical results vary; no profits guaranteed.
Visual Enhancers: Entry/exit dots, position table, and optional SMA/Bollinger Bands (if enabled), moving average and linear regression channel use standard Pine Script logic or inspired by public scripts like "Bollinger Bands by TradingView", among others. The visual enhancers are there to provide added context and situational awareness only and are not core to the inter workings of the trading strategy.
Please like, comment and follow.
Titan X 📈 Titan X – Optimized Trend Strategy with Gradient ZLEMA, RMI, CCI, ROC, and Volume Confirmation
Titan X is a precision-engineered trend-following strategy designed for crypto markets and high-volatility assets. It is not just a combination of indicators, but a carefully constructed, non-repainting system where each component plays a specific role in confirming high-probability trade setups. The strategy detects strong directional moves, confirms them with momentum and volume, and manages trade exits without relying on traditional stop losses.
🔍 How the Indicators Work Together
✅ 1. ZLEMA Baseline + Gradient Filter
A Zero Lag Exponential Moving Average (ZLEMA) is used to track directional trend with minimal lag.
A gradient (slope) is calculated from the ZLEMA to measure trend acceleration. This confirms whether a trend is gaining strength or losing momentum.
Entries are only taken when the ZLEMA gradient exceeds a user-defined threshold, ensuring trades are only taken in strong, developing trends.
✅ 2. RMI – Relative Momentum Index (with Memory)
RMI captures sustained momentum direction over time.
It helps validate that price isn't just spiking, but truly trending.
Titan X uses RMI as a trend memory filter, requiring consistent momentum alignment before entry.
✅ 3. Momentum Timing – ROC + CCI
The Rate of Change (ROC) determines the strength and direction of recent momentum.
The Commodity Channel Index (CCI) checks price deviation from a moving average baseline, identifying whether momentum is aligned with market structure.
This combo prevents trades in weak, flat, or conflicting conditions.
✅ 4. Volume Spike Confirmation
Titan X uses a relative volume filter, requiring the current bar’s volume to exceed a moving average threshold.
This ensures trades are only triggered when there is clear breakout interest from market participants, helping avoid fakeouts and low-volume moves.
🎯 Trade Entry & Exit Rules
✅ Entry Conditions:
All five filters must align:
Trend direction (ZLEMA slope)
Momentum (ROC & CCI)
Trend memory (RMI)
Volume (Spike filter)
Trades are entered on the next bar after all confirmations, ensuring 100% non-repainting behavior.
✅ Take Profit System (Multi-Level TP):
TP1: Closes 50% of the position at a user-defined % gain (default: 2%)
TP2: Closes the remaining 50% of the position at a higher % gain (default: 4%)
Each TP is executed via limit order to ensure realistic and backtestable fills.
❌ No Stop Loss Used
Instead of using fixed stop losses, Titan X closes positions early when trend conditions weaken.
This dynamic exit logic is based on a reversal in ZLEMA gradient, which serves as a weak trend detection system.
⏱️ Cooldown Logic
A 1-bar cooldown is enforced between trades to avoid same-bar exit/entry violations on TradingView.
This improves execution accuracy and avoids overtrading on choppy price action.
📊 Real-Time Strategy Dashboard
Titan X includes a live dashboard that provides full transparency:
Current Position (Long / Short / Flat)
Entry Price
TP1 Hit? / TP2 Hit?
Bars Since Entry
Win Rate (%)
Profit Factor
Ideal for both manual monitoring and automated bot strategies.
🔔 Bot-Ready Multi-Exchange Alerts
Alerts can be configured for:
ENTER-LONG, ENTER-SHORT
EXIT-LONG, EXIT-SHORT
TP1 / TP2 targets
Messages are fully customizable and designed for platforms like:
WonderTrading
3Commas
TradingConnector
⚙️ Designed For:
Timeframes: 1H and 4H (optimized for crypto)
Markets: Altcoins, BTC/ETH, high-volatility pairs
Traders: Trend-followers, momentum scalpers, algo bot users
Goal: High accuracy entries, structured exits, zero repainting, and flexible trade management
⚠️ TradingView Disclosure
This strategy is provided for educational purposes only. It does not constitute investment advice, nor does it guarantee any returns. Trading carries risk; test thoroughly before using in live environments.
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Gabriel's Price Action Strategy🧠 Gabriel's Price Action Strategy — Smart Signal Sequence with Dynamic Risk Control
Created by: OneWallStreetQuant
Strategy Type: Momentum-based Sequence Logic + Smart Volume & RSI Filters
Ideal For: Intraday scalping, swing trading, and momentum trend entries on stocks, forex, crypto, indices.
🚀 Overview
Gabriel's Price Action Strategy is a multi-layered, logic-driven trading system that combines:
✅ Candle Sequence Detection: Detects persistent bullish/bearish momentum using a smart configurable sequence of green/red candles.
✅ Structure Break Filtering: Prevents entries if recent price invalidates the momentum setup (e.g., a red candle breaks a bullish low).
✅ Custom Volume Engine: Integrates a hybrid tick-volume model using Negative/Positive Volume Index (NVI-PVI) to identify smart money flows.
✅ Advanced RSI Logic: Uses Jurik RSX for accurate oversold/overbought filtering.
✅ Optional MTF Trend Filter: Validates trend direction using a slope-based Jurik MA on higher timeframes.
✅ MPT-Based DMI Filter: Adds pyramid entries only during strong trend phases, based on Gain/Pain ratios and Ulcer-index smoothed ADX.
✅ Risk Management: ATR-based SL/TP and fully customizable trailing logic for both profit and stop-loss.
📈 Entry Logic
Trades are triggered only when:
A minimum number of recent candles are bullish/bearish (Min Green/Red Candles)
Structure has not been broken by opposite price action (optional)
Relative volume exceeds average (optional)
RSI is below overbought or above oversold (optional)
MTF slope is aligned with trend direction (optional)
💡 Key Features
Custom Candle Logic: Detects momentum shifts using a tunable lookback window (up to 50 bars).
Smart Volume Filtering: Volume is intelligently estimated using tick-based ranges and NVI-PVI deltas.
Risk Management Built-in: Set your ATR length, SL/TP multipliers, and dynamic trailing offsets with full control.
Scorecard System: A built-in scoring engine evaluates Win Rate, Drawdown, Sharpe Ratio, Recovery Factor, and Profit Factor — visualized on chart as a label.
Backtest-Friendly: Includes date range toggles, bar-magnifier support, and optimized execution on every tick.
📊 Strategy Scorecard (Label)
Automatically calculates:
✅ Total Trades
✅ Win Rate (%)
✅ Net Profit
✅ Profit Factor
✅ Expected Payoff
✅ Max & Avg Drawdown
✅ Recovery Factor
✅ Sharpe Ratio
✅ VaR (95%)
Plus, assigns a normalized score from 0 to 100 for evaluating overall robustness.
⚙️ Customization
Every module — from entry filters to pyramiding and trailing logic — is fully configurable:
Volume Filters ✅
RSI Filters ✅
Structure Break Checks ✅
HTF Jurik MA & Slope Threshold ✅
Multi-Timeframe Mode ✅
Backtest Score Visualization ✅
⚠️ Notes
Enable bar magnifier and calc on every tick for best accuracy.
On early bars, signal logic may delay until enough candles are available.
Best paired with assets showing directional volatility (SPY, BTC, ETH, Gold, etc.).
Ideally paired on trending timeframes such as M1, M5, M15, M30, 1HR, 4 Hourly, Daily, Weekly, Monthly, etc.
Vinicius Setup ATR//@version=5
strategy("Vinicius Setup ATR", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=100)
// ===== PARÂMETROS =====
atrLength = input.int(10, title="ATR Length")
factor = input.float(6.0, title="Multiplier", step=0.1)
riskValue = input.float(1.0, title="Risk Value")
rsiPeriod = input.int(14, title="RSI Period")
minBodySize = input.float(1.0, title="Mínimo Tamanho do Corpo %")
// ===== INDICADORES =====
= ta.supertrend(factor, atrLength)
rsi = ta.rsi(close, rsiPeriod)
avgVolume = ta.sma(volume, 20)
candleBody = math.abs(close - open)
isStrongCandle = candleBody > (ta.atr(atrLength) * minBodySize)
isHighVolume = volume > avgVolume * 1.2
// ===== ZONAS DE SUPORTE / RESISTÊNCIA (simples) =====
pivotHigh = ta.pivothigh(high, 5, 5)
pivotLow = ta.pivotlow(low, 5, 5)
plotshape(pivotHigh, title="Resistência", location=location.abovebar, color=color.red, style=shape.labeldown, text="RES")
plotshape(pivotLow, title="Suporte", location=location.belowbar, color=color.green, style=shape.labelup, text="SUP")
// ===== SINAL DE COMPRA =====
buySignal = direction == 1 and isStrongCandle and isHighVolume and rsi < 70
if buySignal
strategy.entry("Compra", strategy.long)
label.new(bar_index, low, "BUY", style=label.style_label_up, color=color.green, textcolor=color.white)
// ===== SINAL DE VENDA =====
sellSignal = direction == -1 and isStrongCandle and isHighVolume and rsi > 30
if sellSignal
strategy.entry("Venda", strategy.short)
label.new(bar_index, high, "SELL", style=label.style_label_down, color=color.red, textcolor=color.white)
// ===== SAÍDA =====
strategy.close("Compra", when = sellSignal)
strategy.close("Venda", when = buySignal)
Vinicius Setup ATR//@version=5
strategy("Vinicius Setup ATR", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=100)
// ===== PARÂMETROS =====
atrLength = input.int(10, title="ATR Length")
factor = input.float(6.0, title="Multiplier", step=0.1)
riskValue = input.float(1.0, title="Risk Value")
rsiPeriod = input.int(14, title="RSI Period")
minBodySize = input.float(1.0, title="Mínimo Tamanho do Corpo %")
// ===== INDICADORES =====
= ta.supertrend(factor, atrLength)
rsi = ta.rsi(close, rsiPeriod)
avgVolume = ta.sma(volume, 20)
candleBody = math.abs(close - open)
isStrongCandle = candleBody > (ta.atr(atrLength) * minBodySize)
isHighVolume = volume > avgVolume * 1.2
// ===== ZONAS DE SUPORTE / RESISTÊNCIA (simples) =====
pivotHigh = ta.pivothigh(high, 5, 5)
pivotLow = ta.pivotlow(low, 5, 5)
plotshape(pivotHigh, title="Resistência", location=location.abovebar, color=color.red, style=shape.labeldown, text="RES")
plotshape(pivotLow, title="Suporte", location=location.belowbar, color=color.green, style=shape.labelup, text="SUP")
// ===== SINAL DE COMPRA =====
buySignal = direction == 1 and isStrongCandle and isHighVolume and rsi < 70
if buySignal
strategy.entry("Compra", strategy.long)
label.new(bar_index, low, "BUY", style=label.style_label_up, color=color.green, textcolor=color.white)
// ===== SINAL DE VENDA =====
sellSignal = direction == -1 and isStrongCandle and isHighVolume and rsi > 30
if sellSignal
strategy.entry("Venda", strategy.short)
label.new(bar_index, high, "SELL", style=label.style_label_down, color=color.red, textcolor=color.white)
// ===== SAÍDA =====
strategy.close("Compra", when = sellSignal)
strategy.close("Venda", when = buySignal)
Vinicius Setup ATR Atualizado//@version=5
strategy("Vinicius Setup ATR Atualizado", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=100)
// ===== PARÂMETROS =====
atrLength = input.int(10, title="ATR Length")
factor = input.float(6.0, title="Multiplier", step=0.1)
riskValue = input.float(1.0, title="Risk Value")
minBodySize = input.float(1.0, title="Mínimo Tamanho do Corpo %")
// ===== INDICADORES =====
= ta.supertrend(factor, atrLength)
avgVolume = ta.sma(volume, 20)
candleBody = math.abs(close - open)
isStrongCandle = candleBody > (ta.atr(atrLength) * minBodySize)
isHighVolume = volume > avgVolume * 1.2
// ===== NUVEM DO SUPERTREND =====
bodyMiddle = plot((open + close) / 2, display=display.none)
upTrend = plot(direction < 0 ? supertrend : na, title="Tendência de Alta", color=color.green)
downTrend = plot(direction < 0 ? na : supertrend, title="Tendência de Baixa", color=color.red)
fill(bodyMiddle, upTrend, color.new(color.green, 85), fillgaps=false)
fill(bodyMiddle, downTrend, color.new(color.red, 85), fillgaps=false)
// ===== ZONAS DE SUPORTE / RESISTÊNCIA (simples) =====
pivotHigh = ta.pivothigh(high, 5, 5)
pivotLow = ta.pivotlow(low, 5, 5)
plotshape(pivotHigh, title="Resistência", location=location.abovebar, color=color.red, style=shape.labeldown, text="RES")
plotshape(pivotLow, title="Suporte", location=location.belowbar, color=color.green, style=shape.labelup, text="SUP")
// ===== SINAL DE COMPRA =====
buySignal = direction == 1 and isStrongCandle and isHighVolume
if buySignal
strategy.entry("Compra", strategy.long)
label.new(bar_index, low, "BUY", style=label.style_label_up, color=color.green, textcolor=color.white)
// ===== SINAL DE VENDA =====
sellSignal = direction == -1 and isStrongCandle and isHighVolume
if sellSignal
strategy.entry("Venda", strategy.short)
label.new(bar_index, high, "SELL", style=label.style_label_down, color=color.red, textcolor=color.white)
// ===== SAÍDA =====
strategy.close("Compra", when = sellSignal)
strategy.close("Venda", when = buySignal)
Scalping Trend Power per MT51. Overview and Purpose
The script implements a scalping strategy called "Scalping Trend Power for MT5" using Pine Script v5. It is tailored for high-frequency short-term trading with automated entries and exits. The strategy employs multiple technical indicators and risk management techniques to optimize trade entries and exits. Key features include:
Dynamic Entry and Exit Logic: Utilizes exponential moving averages (EMAs) and the Relative Strength Index (RSI) for signal generation.
Multi-Level Take Profit (TP): Incorporates three separate TP levels (TP1, TP2, and TP3) to gradually scale out of positions as the trade becomes profitable.
Trailing Stop Mechanism: Adjusts stops dynamically using the Average True Range (ATR), volume filters, and pivot levels.
Risk Management: Provides configurable lot sizes, risk percentages, and risk/reward multipliers.
PineConnector Integration: Offers an optional switch to activate PineConnector with a license code input, ensuring that all alert messages are prefixed with the user-supplied code instead of a hardcoded value.
Visual Enhancements: Colors bars based on position direction (green for long, red for short) and plots key indicator lines for additional visual confirmation.
2. Code Structure and Key Components
A. Header and Metadata
The script begins with version declaration (//version=5), ensures that alert messages use a defined template, and includes a copyright notice.
The strategy is configured to operate on the chart overlay with calc_on_every_tick=false for performance optimization.
B. Confirmation Function
f_confirm(cond, bars):
This custom function checks whether a given condition is met for a specified number of consecutive bars. This helps filter out false signals and ensures that entries and exits are confirmed over a predetermined number of bars (confirmBars).
C. Strategy Inputs
The strategy allows extensive customization through inputs:
Trade and Risk Management:
Lot size and multiplier: Determine the order quantity.
Contract type, risk percentage, risk/reward ratio, and trailing stop multiplier: Define risk exposure and reward targets.
Indicator Settings:
EMA lengths (short and long): Used for trend detection.
RSI (length, overbought, and oversold levels): Used for entry and exit decisions.
ATR (length): Used in dynamic calculation of stop losses and take profit targets.
Multitimeframe Exit:
Uses a higher timeframe RSI to aid exit decisions.
Trailing Stop and Volume Filter Settings:
Inputs for pivot lookback, volume lookback, and volume multiplier help adjust the stop loss based on market conditions.
Multi-Level Take Profit (TP):
Inputs include three profit multipliers (tp1ProfitMult, tp2ProfitMult, tp3ProfitMult) which define the TP distances relative to a dynamically calculated TP (based on ATR and the risk/reward ratio).
Percentage values for the trade portion to exit at each TP level (tp1ExitPercentage, tp2ExitPercentage, tp3ExitPercentage) allow scaling out of the position in parts.
Confirmation Bars:
An input to specify how many consecutive bars are needed to confirm an entry, exit, or TP activation signal.
D. PineConnector Integration
Activation Switch and License Code Input:
activatePineConnector: A boolean switch that lets users activate or deactivate the PineConnector functionality.
pineConnectorLicense: An input field where users can enter their PineConnector license code.
When active, all generated alert messages are prefixed with the supplied license code, ensuring a seamless integration with the PineConnector system. The hardcoded license has been completely removed in favor of user input.
E. Indicator Calculations and Signal Generation
Indicator Calculation:
EMAs and RSI: Calculated on the closing price using the user-defined lengths.
ATR: Used to dynamically calculate TP and SL levels.
Signal Logic:
Long Signal: Activated when the short EMA is above the long EMA and the RSI is below the overbought threshold.
Short Signal: Activated when the short EMA is below the long EMA and the RSI is above the oversold threshold.
Confirmation of Signals:
Uses the f_confirm function to verify the long or short signal across a number of bars defined by confirmBars.
F. Dynamic Trade Messages and Ticker Extraction
Dynamic Ticker Extraction:
The script parses the ticker symbol to remove any prefix (like a broker code) so that only the core symbol is used.
Alert Message Construction:
Alert messages are built dynamically by concatenating the (optional) PineConnector license prefix, the action (buy, sell, or exit), the dynamic ticker symbol, the calculated lot size, and risk parameters.
The messages are configured to update based on whether PineConnector is activated.
G. Trade Management and Order Execution
Entry Conditions:
The strategy takes positions when signals are confirmed and no other trade is active.
Upon an entry, appropriate alerts are triggered, and internal flags (inLongTrade or inShortTrade) are set accordingly.
Trailing Stop Mechanism:
A dynamic trailing stop is implemented using the ATR-based stop and further refined using pivot levels.
Multi-Level Partial Exits:
For Long Positions:
Three TP levels are calculated dynamically from the entry price. As the market moves in favor, if the price reaches TP1, TP2, or TP3 (each confirmed for the set number of bars), a partial exit order is issued.
Percentage exit amounts are configurable, ensuring that the total exit over TP1 + TP2 + TP3 equals 100%.
For Short Positions:
The process mirrors that of long positions, with TP levels set below the entry price.
Flags (tp1_exited, tp2_exited, tp3_exited) ensure that each TP is triggered only once per trade.
Total Exit Conditions:
Exits are also triggered when adverse conditions arise. These include:
Price moving back against the position relative to the trailing stop.
RSI (or higher timeframe RSI) crossing the predetermined overbought/oversold levels.
In such cases, the strategy executes a final exit and resets the trade state.
H. Visual Enhancements
Indicator Plots:
Plots for the short and long EMAs are drawn on the chart to visually represent the trend detection.
Bar Coloring:
The barcolor function alters the color of the bars:
Green: Indicates an active long position.
Red: Indicates an active short position.
There is also an optional section (commented out) for using background color instead of bar color.
3. Conclusion
This strategy is designed with robust risk management and exit strategies ideal for a scalping environment. By integrating multi-level take profit logic, dynamic stop loss adjustments, and a confirmation system over multiple bars, it filters out false signals and seeks to capture profitable moves in the market. Moreover, with the optional PineConnector integration, the strategy is easily adaptable for users who wish to automate their trade execution further.
This comprehensive description should assist you in promoting the strategy within the Pine Script community by highlighting its flexibility, dynamic trade management, and advanced integration features.
