vdubus

Vdub FX SniperVX2 Color v2

FX SniperVX2 Color
Fully integrated Rejection spike
Directional coloured rejection zones
Swing Trade Hull ma
Support /Resistance levels
Re configured Pivot zones
Responsive trend directional buy / sell indicator
2 x Trend directional coloured EMA's

Sniper series




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//Vdub FX SniperVX2 Color v2 / Vdub Rejection Spike v3 Full intergration -
//  ©Vdubus http://www.vdubus.co.uk/
study("Vdub FX SniperVX2 Color v2", overlay=true, shorttitle="Vdub_FX_SniperVX2_Color")
//===================Candle body resistance Channel====================//
len = 34
src = input(close, title="Candle body resistance Channel")
out = sma(src, len)
last8h = highest(close, 13)
lastl8 = lowest(close, 13)
bearish = cross(close,out) == 1 and falling(close, 1)
bullish = cross(close,out) == 1 and rising(close, 1)
channel2=input(false, title="Bar Channel On/Off")
ul2=plot(channel2?last8h:last8h==nz(last8h[1])?last8h:na, color=black, linewidth=1, style=linebr, title="Candle body resistance level top", offset=0)
ll2=plot(channel2?lastl8:lastl8==nz(lastl8[1])?lastl8:na, color=black, linewidth=1, style=linebr, title="Candle body resistance level bottom", offset=0)
fill(ul2, ll2, color=black, transp=90, title="Candle body resistance Channel")
//=============================================================//
//-------------LB---------------------------
channel=input(false, title="Resistance Channel 2 On/Off")
up = close<nz(up[1]) and close>down[1] ? nz(up[1]) : high
down = close<nz(up[1]) and close>down[1] ? nz(down[1]) : low
ul=plot(channel?up:up==nz(up[1])?up:na, color=red, linewidth=1, style=linebr, title="Resistance Level top", offset=0)
ll=plot(channel?down:down==nz(down[1])?down:na, color=green, linewidth=1, style=linebr, title="Resistance level bottom", offset=0)

// Moddified [RS]Support and Resistance V0
RST = input(title='Support / Resistance length:', type=integer, defval=6)     // color zone length
RSTT = valuewhen(high >= highest(high, RST), high, 0)
RSTB = valuewhen(low <= lowest(low, RST), low, 0)
RT2 = plot(RSTT, color=RSTT != RSTT[1] ? na : red, linewidth=1, offset=+0)
RB2 = plot(RSTB, color=RSTB != RSTB[1] ? na : green, linewidth=1, offset=0)
//
//--------------------Trend colour ema------------------------------------------------// 
src0 = close, len0 = input(13, minval=1, title="EMA 1")
ema0 = ema(src0, len0)
direction = rising(ema0, 2) ? +1 : falling(ema0, 2) ? -1 : 0
plot_color = direction > 0  ? lime: direction < 0 ? red : na
plot(ema0, title="EMA", style=line, linewidth=1, color = plot_color)
//--------------------Trend colour ema 2------------------------------------------------//
src02 = close, len02 = input(21, minval=1, title="EMA 2")
ema02 = ema(src02, len02)
direction2 = rising(ema02, 2) ? +1 : falling(ema02, 2) ? -1 : 0
plot_color2 = direction2 > 0  ? lime: direction2 < 0 ? red : na
plot(ema02, title="EMA Signal 2", style=line, linewidth=1, color = plot_color2)
//
//--Modified vyacheslav.shindin-------------------------------------------------//           Signal 1
//Configured ema signal output
fast = input(5, minval=1, title="Short Signal Generator")
slow = input(8, minval=1)
vh1 = ema(highest(avg(low, close), fast), 5)
vl1 = ema(lowest(avg(high, close), slow), 8)
//
e_ema1 = ema(close, 1)
e_ema2 = ema(e_ema1, 1)
e_ema3 = ema(e_ema2, 1)
tema = 1 * (e_ema1 - e_ema2) + e_ema3
//
e_e1 = ema(close, 8)
e_e2 = ema(e_e1, 5)
dema = 2 * e_e1 - e_e2
signal = tema > dema ? max(vh1, vl1) : min(vh1, vl1)
is_call = tema > dema and signal > low and (signal-signal[1] > signal[1]-signal[2])
is_put = tema < dema and signal < high and (signal[1]-signal > signal[2]-signal[1])
plotshape(is_call and direction > 0 ? 1 : na, title="BUY ARROW", color=green, text="*BUY*", style=shape.arrowup, location=location.belowbar)
plotshape(is_put and direction < 0 ? -1 : na, title="SELL ARROW", color=red, text="*SELL*", style=shape.arrowdown)
//
//Modified - Rajandran R Supertrend----------------------------------------------------- //       Signal 2
Factor=input(3, minval=1,maxval = 1000, title="Trend Transition Signal")
Pd=input(1, minval=1,maxval = 1000, title="Period")
Up=hl2-(Factor*atr(Pd))
Dn=hl2+(Factor*atr(Pd))
TrendUp=close[1]>TrendUp[1]? max(Up,TrendUp[1]) : Up
TrendDown=close[1]<TrendDown[1]? min(Dn,TrendDown[1]) : Dn
Trend = close > TrendDown[1] ? 1: close< TrendUp[1]? -1: nz(Trend[1],0)
plotarrow(Trend == 1 and Trend[1] == -1 ? Trend : na, title="Up Entry Arrow", colorup=lime, maxheight=1000, minheight=50, transp=85)
plotarrow(Trend == -1 and Trend[1] == 1 ? Trend : na, title="Down Entry Arrow", colordown=red, maxheight=1000, minheight=50, transp=85)
//
//=============Hull MA//
show_hma = input(true, title="Display Hull MA Set:")
hma_src = input(close, title="Hull MA's Source:")
hma_base_length = input(8, minval=1, title="Hull MA's Base Length:")
hma_length_scalar = input(5, minval=0, title="Hull MA's Length Scalar:")
hullma(src, length)=>wma(2*wma(src, length/2)-wma(src, length), round(sqrt(length)))
plot(not show_hma ? na : hullma(hma_src, hma_base_length+hma_length_scalar*6), color=black, linewidth=3, title="Hull MA")
//===============================================
//
fill(ul2, RT2, color=red, transp=75, title="Fill")
fill(ll2, RB2, color=green, transp=75, title="Fill")
////////////////////////////////////////////////////////////////////////////////////////////
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I was using your indicator last night paired with the LongBuyLongSellConfirmation Indicator and when the Green/Red Up/Down arrows of your indicator lined up with the green/red bars of the aforementioned indicator, it was deadly accurate. But now I cant get the arrows on your indicator back. Can you tell me what I did? Thanks in advance for your help
+3 Responder
RichBlow RichBlow
Nevermind...I just figured out that if I zoom out I get the arrows back...thank you for an awesome indicator
Responder
waste time,scam,This is not a strategy,Just retelling the past
+3 Responder
We Can't Win Trade 78 - win:32 Loss:46 . Can You Give Me Good Indicators . We Need Please Help me Sir ?
+10 Responder
My hats off to you!!! This is some powerful that has helped my trading drastically. Many thanks for taking the time to share.
+2 Responder
Great strategy, I use it conjunction with Stochastic and CCI and the result is pure magic.
Responder
K24magic Unh00ked
@Unh00ked, hi! do you leave tradingview's default parameters for CCI (20) and stochastic (14,3,1)?
+3 Responder
Could you give some more explanation about how to use this tactic?
+1 Responder
zooduck BjornVdKerkhof
The author never explains how to use this script for choosing "BUY" or "SELL" because this script can't really help you with making that decision. The "BUY" and "SELL" on the chart are meaningless - they are added AFTER the candle has formed (or the MAJORITY of the candle has formed).

There is no tactic here, the script is pretty much 100% retrospective (hindsight).

The "strategy" is supposedly based on rejection spikes a key points of resistance, but this is actually complete nonsense as during testing I noted only 5% of all strong BUY or SELL signals came after or on a rejection spike.

Trading is all about prediction, and what makes this script predicts NOTHING. You might as well plot the BUY and SELL on the graph yourself in real time, it would really be no different at all. Just wait until a candlestick closes, then add BUY if it was green, and SELL if it was red.

To be fair, the script does have some other uses as it attempts to plot resistance points and highs and lows, but there is NO STRATEGY and the BUY / SELL signals should be removed as they are very misleading to newbies. Why are they even there? - to give people hope that they can be profitable in trading by just using a BOT.

This script should very clearly state that the BUY and SELL signals are retrospective and should not be used as indications of what is going to happen next. The only indicators on this scripts are:

1. resistance and support lines
2. high/low swing points

I understand that the script does sometimes TRY to predict BUY or SELL, but it simply makes a guess (which is so inaccurate it might as well be 50/50) and when the guess is wrong (usually is) it just changes the BUY to SELL or vice versa.

+8 Responder
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