3 EMA + Stochastic RSI + ATR 3ESRA
v0.2a
Coded by Vaida Bogdan
3ESRA consists of a 3 EMA cross + a close above (for longs) the quickest EMA
or below (for shorts). Note that I've deactivated the RSI Cross Over/Under
(you can modify the code and activate it). The strategy also uses a stop loss
that's at 1 ATR distance from the entry price and a take profit that's at
4 times the ATR distance from the entry price.
Buscar en scripts para "atr"
EMA based ATR Stops-If the FAST EMA is ABOVE the SLOW EMA then the ATR Stops will be placed x amount BELOW the lows
-If the FAST EMA is BELOW the SLOW EMA , then the ATR Stops will be placed x amount ABOVE the highs
-If the fast ema is above the slow ema but they are sloping down, their colours will turn to a shade of blue
-If the fast ema is below the slow ema but they are sloping up, their colours will turn to a lighter shade of blue
-I added an extra ema but it is off by default
TAYOR!
HMA_ATR StrategyATR with HMA experimental minimalist bot for ETHBTC .
A strategy for use by Automated Algorithm systems.
Different from normal ATR as it uses HMA for smoothing.
Example settings result shown here on chart include commission 0.5%
MTF atr_channelThis is the Multi TimeFrame Version of previous atr channel, which uses the ATR percent(atr%) instead of the 2% fixed deviation for calclation of bollinger bands.
[JL] ATR LabelsJust need to see ATR values when I made Renko script. So I make this script.
I like number 5 so I use 5 to timeframe.
Calculate ATR for the following:
- Monthly
- Weekly
- Daily
- 5-Hour
- 1-Hour
- 12-Min
Label default displayed on right side and middle of 50 bars.
[kai]mATRThis indicator is for calculating the volatility of any interval
mTR (green line): TR is extended to calculate multiple bars at once with magnification setting.
mATR (red line): ATR is extended to calculate multiple bars at once with magnification setting.
dev (blue line): standard deviation
If you turn on "divide source" in the settings, it will be the price volatility.
dev will be the same as BBW
このインジケーターは任意の区間のボラリティを計算するための物です
mTR(緑線) : TRを倍率設定で複数のバーをまとめて計算する用に拡張したものです
mATR(赤線) : ATRを倍率設定で複数のバーをまとめて計算する用に拡張したものです
dev(青線) : 標準偏差
設定で「divide source 価格変動率」をONにすると価格変動率になります
devはBBWと同じになります
Reversal with Bollinger Bands + RSI + ADX + ATR (Upgraded)Hi,
Welcome to my 4th script.
Someone asked me some questions about the Bollinger Band strategy I previously published. When I went back to my published script I couldn't help myself but simply try and make it better. Which I did.
Since I've published that script, I've gained much more knowledge about how Pinescript functions. As well as gaining more and more knowledge about how the markets are structered etc.
In this reversal script we use 4 indicators to determine good entry signals, we determine whether the market is ranging or trending and we still only want to take trades in the direction of the "trend".
Bollinger Bands are used for our entry signal. When price hits either side of the band, we wait for a reverse candlestick before we enter a position.
RSI is used to determine if we're in a trending market or in a ranging market. You can adjust the values in the inputs. You can determine the minimum RSI value and the maximum RSI value.
ADX is used the same way as RSI, you can adjust the value in the inputs. You can determine the minimum ADX value.
Last but not least we use two EMA's, a 200 EMA and 100 EMA. Both are adjustable through the inputs. I used two EMA's because I noticed when using this strategy that we'd enter a new position often after having a bad trade. Using two EMA's might clean up some signals, in my case with EUR/USD on a 15m timeframe, it didn't clean up enough signals.
All the default values are pretty decent but might require some finetuning on a certain instrument. Don't overfit the strategy though, that'll only give you bad signals in the future.
Then we are off to our exit signals.
Initially I wanted to incorporate my previous Bollinger Band exit signals as well, but it was too much of a hassle to make the script work as intended so I left it out. If you want to use those exit signals, just find my other script.
When we're in a position and price crosses the opposite band, we wait for a reverse candlestick before we exit the position.
Additionally we want our losses to be as small as possible, so we use RSI to signal us when the market is, or starts to, trend against us. This is where you use the minimum and maximum exit values. So when RSI crosses over or under that value, it'll exit the position.
Furthermore, we use the ATR indicator to set our stop loss, which is pretty basic stuff. You can adjust the ATR multiplier in the inputs. Disabling "Use Trailing Stop?" is really inadvisable unless you know this script inside out as your only exit signals will be opposite Bollinger Band Cross and RSI overbought / oversold areas.
Trending/RangingThis script is a useful tool to use to identify the current market. It includes three other indicators:
1. ATR (combined with a SMA of the ATR)
2. ADX
3. RSI
It allows you to filter for when the market is trending vs. when the market is ranging by using any of the three indicators. You can also combine them to find extremely good trends to trade, or if you're a channel trader, identify when you wouldn't want to trade. This indicator also includes a time frame setting to allow you to ZOOM OUT and explore the long term trend of the security you are trading. I highly recommend using this indicator as a filter for when you enter a trade or not depending on the system you like to trade.
Trend Surfers - Premium Breakout + AlertsTrend Surfers - Premium Breakout Strategy with Alerts
I am happy today to release the first free Trend Surfers complete Breakout Strategy!
The strategy includes:
Entry for Long and Short
Stoploss
Position Size
Exit Signal
Risk Management Feature
How the strategy works
This is a Trend Following strategy. The strategy will have drawdowns, but they will be way smaller than what you would go through with buy and old.
As a Trend Following strategy, we will buy on strength, when a breakout occurs. And sell on weakness.
The strategy includes a FIX Stoploss determined by an ATR multiple and a trailing Stoploss/Takeprofit also determined by an ATR multiple.
You can also manage your risk by entering the maximum % you are willing to risk on every trade. Additionally, there is an option to enter how many pairs you will be trading with the strategy. This will change your position size in order to make sure that you have enough funds to trade all your favorite pairs.
Use the strategy with alerts
This strategy is alert-ready. All you have to do is:
Go on a pair you would like to trade
Create an alert
Select the strategy as a Trigger
Wait for new orders to be sent to you
Every Entry (Long/Short) will include:
Market Entry (Enter position NOW!)
Stoploss price
Position Size
Leverage
* If you do not wish to use leverage, you can multiply the Position Size by the Leverage. But doing that, you might end up with a position greater than your equity. Trading on Futures is better in order to have accurate risk management.
Exit signals:
When you receive an exit signal, you need to close the position ASAP. If you want to keep your results as close as possible to the backtest results, you need to execute quickly and follow what the strategy is telling you.
Do not try to outsmart the strategy
Leave your emotion out of trading! If you trust the strategy, you will have way better returns than if you try to outsmart it. Follow each signal you receive even if it doesn't seem logical at the moment.
Become a machine that executes. Don't look at fundamentals. Follow the trend! Trust the strategy!
I hope you enjoy it!
Stochastic ATR IIStochastic ATR(Higher timeframe)
- stochastic of macd of ATR.
- stochastic rsi of ATR
Tiger's Stop - Objective Stoploss SettingTrading is a lot about risk management too. I created this script to help with setting and moving a proper stop-loss. It plots an area that is a result of adding and subtracting both average true range and something I call "false range".
►The Average True Range is calculated as the candle's high-low. If there is a gap, it is added to complete the result.
►My own False Range just candle bodies. It is calculated as an absolute value of (close-open).
Then, Rolling Moving Average is applied on both ATR and False Range to get an idea of how far the price tends to extend out of pure randomness. The resulting value is multiplied by a Multiplier.
The next step is an addition of the values to the higher part of the candle for short or a lower part of the candle for long. I prefer a special calculation instead of using Highs and Lows because it allows for more precise observation and stop-loss set up for less wicky symbols.
►►►Additional Functions
• Smoothing - applies moving average to candles from which range distance is calculated. This can achieve good smoothness but higher values will lead to using outdated price in the SL area calculation.
• Enable/Disable - if you know the direction you are going to trade in, it is good to disable either Long Stop-Loss Area or Short Stop-Loss Area. Just untick it in the settings.
►►►Actual Using
Before using the script to set your stop-loss, check the historical data and find a similar set-up. Is it engulfing you use as a trigger? Find a different one and see how effective the stop-loss based on the ATR*multiplier was. This will help you to optimize Multiplier value. A picture shows such research for a double top. You should find more similar situations to find an optimal value.
Ultimately, the indicator still gives you relatively a lot of freedom with your stop-loss settings (at least, that is with the default settings). You need to decide how loose stop-loss you want to set. Average True Range is the furthermost part which will make for a very large stop-loss, on the other hand, False Range might be triggered by a villainous wick unnecessarily. The choice should depend on the specific symbol you trade and perhaps, you will learn to set stops regardless of the indicator.
A little trick : 1. You can set the loosest stop-loss and set a TradingView alert for where the tightest stop-loss would be. When alerted, you will get the opportunity to reconsider the trade and take a loss if needs be or exit if a candle closes there. 2. Mostly for cryptocurrencies, you can set the tightest stop-loss to protect yourself from sudden spikes. If the price approaches it slowly enough, you can move the stop-loss to the further part of the channel. This is not the same as moving stop-loss indefinitely with hopes of reversal if you plan it from the beginning and a smaller stop is meant to protect you from spikes that are not always predictable and drive to both directions.
►►►Advantages of trailing stop-loss
I usually stick with my original stop-loss instead of moving to break even. If my entry area was functional support once, it may work again and is, therefore, still a good entry zone. But an alternative used to preserve as much of the profit as possible is trailing.
Trailing is setting a specific value in ticks or a calculation of how to move the stop-loss whenever the price moves in your favor. Tiger's Stop can be used this way. Whenever there is a new value as the candle closes and that value is closer to price than your current stop-loss, you can update it. However, if it moves further from your price, don't change the stop-loss. This can be a little tiresome if you do it manually but should be worth the effort.
I usually start trailing only after the price moves significantly in my favor that allowing it to return to the entry price would not make any sense.
►►►Feedback and optimization
The preview chart is chosen entirely at random and the values are not optimized for any specific symbol. If you opt to use it, let me know which values work for you the best, I'll add it to the description when I update it.
Furthermore, let me know if you think any sort of alerts would be useful with my script.
Good luck!
Trend MagicTrend Magic is originally a MT platform (MetaTrader) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits. Converted the MT platform code to TradingView Pine version 4. Also you can use Multiple Time Frame.
It also works well with Crypto and Stock Markets.
Trend Magic consists of two main calculation parts as momentum and volatility:
First part is ATR based (like ATR Trailing Stop) logic, second part is all about CCI which also determines the color of Trend Magic.
Blue: when CCI is positive
Red: when CCI is negative
Also added alert condition regarding price crosses :
when LOW CrossesAbove TM
and HIGH CrossesBelow TM
Enjoy
Kıvanç Özbilgiç
Position Size Calculator - Fixed Dollar amount, point value ATRHello Traders,
A very simple code aiming to help you size your position, according to the amount you're accepting to lose AND the current volatility ATR.
Why is it important to use ATR size ? Markets move, and having fixed stoploss values will lead to getting stopped out in case of volatility increase.
You also need to size down your trades in case of more volatily, as more points can be taken or lost.
Hope it helps!
Kudos to Racer9 who inspired me :
VWAP ATR ReversalThis script finds tops and bottoms using ATR and MVWAP. It works by signaling when price is far away from MVWAP and ATR therefore it is likely to reverse.
GBP/JPY Daily time FX Strategy ATR W% BaselineThis is a preety good strategy suited for long term trading.
It has been adapted and optimized in this case for GBP/JPY 1D time frame.
Its made of Kiojun baseline, together with ATR for stop loss and size calculation and Williams % R
For the purpose of this example we simulate that we have a leverage of 100x in order to be able to buy the ammount of lots required for our stop loss to be in same page with the risk % of our capital.
For entry we have for long, ascending R in the last 2 candles and crossover of close with KIOJUN baseline. For short the same but in reverse.
We exit if we reach the TP -100 points in this example, or SL , which is based on ATR of the last x days.
If you have any questions feel free to write me in private !
PMax on RSI with Tillson T3Profit Maximizer Indicator on RSI with Tillson T3 Moving Average:
PMax uses ATR calculation inside, for this reason users couldn't manage to use PMax on RSI because RSI indicator doesn't have High and Low values in bars, but ATR needs that values. So I personally calculate RSI in a different way to have High and Low values of RSI wrt price bars.
IMPORTANT:
Because of the sudden movements and divergences on RSI, this indicator must firstly optimized for the charts before using. Optimization can be held by users for the meaningful parameters for each chart.
3 parameters are critical when optimizing:
First: Multiplier
Second: Tillson T3 Length
Third: T3 Volume Factor
Here are some information about Profit Maximizer:
PMax Indicator:
PMax Screener and Strategy:
Chandelier Exit | SAR/Long Only (4CUP)As introduced by StockCharts.com, Chandelier Exit was developed by Charles Le Beau and featured in Alexander Elder's books, this sets a trailing stop-loss based on the Average True Range (ATR).
Chandelier Exit can be formulated as a stop-and-reverse (SAR) or as a traditional trailing stop-loss version shown by Stockcharts.com.
The main difference is that, in SAR version, the indicator is usually formulated in a higher of previous or spot indicator (HPS) for long and lower of previous and spot indicator (LPS) for short position.
This indicator is coded to show both the SAR version and the traditional one shown by Stockcharts.com (for long position) by simply clicking a tick in the Version box.
The ATR multiplier is relaxed to allow non-integer input, like 3.5, 4.25, ... for a greater flexibility to tailor your best-fit exit strategy.
If you find this indicator is useful to you, Star it, Follow, Donate, Like and Share.
Your support is a highly motivation for me.
Relative ATRThis script was originally for finding the ATR for Range Bars, by subtracting (close - open) and then taking the moving average.
It has been updated to allow the user to select which sources to subtract, and set the period for the moving average.
In this script, bars shown above zero indicate that price is increasing and bars shown below zero indicate that price is decreasing.
Look for divergences in the output plot. Plotting as columns or area work best for seeing divergence, IMO.
It can also be used to monitor ATR on a higher time frame by changing the resolution.
WARNING: I am not a licensed financial advisor. This script is intended for entertainment purposes only. It is available publicly, free of charge. Use at your own discretion and risk. Never blindly follow any indicator or strategy, always follow your own Trading Rules.
If you like this script, please give it a Thumbs Up and leave a comment. Requests for custom scripts and strategies are welcome.
High/low crypto strategy with MACD/PSAR/ATR/EWaveToday I am glad to bring you another great creation of mine, this time suited for crypto markets.
MARKET
Its a high and low strategy, designed for crypto markets( btcusd , btcusdt and so on), and suited for for higher time charts : like 1hour, 4hours, 1 day and so on.
Preferably to use 1h time charts.
COMPONENTS
Higher high and lower low between different candle points
MACD with simple moving average
PSAR for uptrend and downtrend
Trenddirection made of a modified moving average and ATR
And lastly elliot wave oscillator to have an even better precision for entries and exits.
ENTRY DESCRIPTION
For entries we have : when the first condition is meet(we have a succession on higher high or lower lows), then we check the macd histogram level, then we pair that with psar for the direction of the trend, then we check the trend direction based on atr levels with MA applied on it and lastly to confirm the direction we check the level of elliot wave oscillator. If they are all on the same page we have a short or a long entry.
STATS
Its a low win percentage , we usually have between 10-20% win rate, but at the same time we use a 1:30 risk reward ratio .
By this we achieve an avg profit factor between 1.5- 2.5 between different currencies.
RISK MANAGEMENT
In this example, the stop loss is 0.5% of the price fluctuation ( 10.000 -> 9950 our sl), and tp is 15% (10.000 - > 11500).
In this example also we use a 100.000 capital account, risking 5% on each trade, but since its underleveraged, we only use 5000 of that ammount on every trade. With leveraged it can be achieved better profits and of course at the same time we will encounter bigger losses.
The comission applied is 5$ and a slippage of 5 points aswell added.
For any questions or suggestions regarding the script , please let me know.
Trailing Stop LossTrailing stop loss indicator to determine when to exit a position.
Multiple trailing stop loss calculation techniques are implemented:
ATR: Determines stop loss using a gap from recent highest value, that gap is defined by the ATR value and a multiplier
MA: Just a simple moving average used as a stop-loss
Percentage: Uses a percentage of the price
The script also implements alerting to be notified when the stop loss price is reached.
ATRxNIndacator shows price range calculated as previous closing price +/- ATR * multiplier
Setup options: multiplier, average type (RMA, EMA,SMA,WMA), Source and number of point to average
Индикатор показывает диапазон цен рассчитанный как цена предыдущего закрытия +/- ATR * множитель
Настраивается : Множитель, тип усреднения (RMA, EMA,SMA,WMA), Источник и Длина усреднения
Trailing SL Strategy [QuantNomad]I'm a big fan of simple strategies.
This one is a very simple one. So it consists only from one Trailing SL. When SL is hit, the position is reversed and SL is tracked for a new position.
You can choose one of 3 types of SL:
% of your price
ATR - it is calculated as current ATR * multiplier
Absolute
As you can see even this simple strategy can show pretty good results.
BEST Supertrend MAHello traders,
That one is an experiment
I was curious to see what a supertrend based on moving average cross could give
How does it work?
Bull event: fast moving average crossing over the slow moving average
Bear event: fast moving average crossing under the slow moving average
When the event is triggered, the script will plot the Supertrend as follow
UP Trend = ohlc4+ ATR * Factor
DOWN Trend = ohlc4- ATR * Factor
Interesting to see the results given by ohlc4 vs hl2 and hl3
Documentation: www.tradingview.com
This is an alternative of the classical Supertrend based on candle close being above/beyond the previous Supertrend level.
Hope you'll enjoy it and it will improve your trading making you a better trader
Dave
