3x SuperTrend Strategy (Mel0nTek) V1This is a triple SuperTrend based strategy for lower time frame trades such as day trades and scalping. I have not seen many strategies that combine multiple SuperTrends so I thought I would publish this one since I put it together and have been quite happy with the results. I have found through testing that the best results are on currency exchange markets such as Crypto or Forex on 1-15 min time frames.
The core idea was inspired by a youtube video put out by Trade Pro:
"Trade Pro - HIGHEST PROFIT Triple Supertrend Trading Strategy Proven 100 Trade Results"
I went ahead and set the defaults to the ones he uses in his video for anyone who wants to try a configuration similar to his. They work pretty well in general, however the EMA, SuperTrend ATR multipliers, and P/L ratio can be tuned/optimized to fit the timeframe/market desired. The video is quite good but not a required watch as I will explain below.
The 200EMA is used as a medium-term trend direction indicator.
- Price closing consistently above the 200EMA means that only long positions should be entered.
- Price closing consistently below 200EMA means that only short positions should be entered.
The 3 SuperTrend indicators should be used as direction confirmation for entries. Typically, price above SuperTrend indicates bullish movement, while price below SuperTrend indicates Bearish movement. However by itself, it is not a great indication to enter/exit positions in my experience. By combining 3 of them with slightly longer periods and increased ATR multipliers, we can get much stronger confirmation of trend direction/strength.
The way they are used in this strategy is such that:
- We only want to enter a position if at least 2 out of 3 SuperTrends are on our side.
- 3/3 SuperTrends on our side is the best case, since we are taking trades WITH momentum/price strength.
- The second farthest SuperTrend from entry price is used as a Stop Loss
SuperTrend being on our side is not the only requirement for an entry however. The probability of success is increased with SuperTrend, and a longer EMA on our side, but we want to be sure that we aren't getting in too late/after the movement has already happened.
So we use Stoch RSI to pick our entries where price is oversold/overbought and reversing. That means the Stoch RSI is above 80, or below 20, and our indication to enter the trade is when the 2 lines cross/begin reversing direction.
So with trend direction on our side, we can get really good entries at these oversold/overbought extremes, especially as it's reversing (Stoch RSI K and D are crossing). This allows us to use the SuperTrend as a support/stop loss on our entry since price should be above it.
Then we just target 1.5x our max loss so that even if we only win 50% of the time, we still make a profit.
The explicit rules of this strategy are as follows:
=== Rules ===
long only
- price above EMA200
short only
- price below EMA200
Stop Loss = 2nd SuperTrend line above (short) or below(long) entry candle
Profit = 1.5x SL/risk (Profit Ratio x Max Loss)
=== Entry Setup ===
LONG
- Stoch RSI below 20, cross up
- at least 2 SuperTrend lines below close
SHORT
- Stoch RSI above 80, cross down
- at least 2 SuperTrend lines above close
P.S. Special thanks to Trade Pro for producing so many quality videos, putting strategy claims to the test, and providing me with so many good ideas I apply to my own strategies.
RSI estocástico (STOCH RSI)
Three EMA and Stochastic RSI Signals with TP and SL AlertsThis is kind of similar to one of my other scripts but I figured people might be looking for this one in a simple wrapped up package. It takes 3 EMAs, a 50, 14 and an 8 and the trade signals come from crossovers of the Stochastic RSI lines and conditions that marry up with the EMAs lining up in an uptrend or downtrend condition. I used the TP and SL lines from one of my other scripts so you can see where the winners and losers are. Includes alerts so they can be used with webhooks to automate however you wish. I have added signal confirmation with Weiss Wave Volume on side with trend. Stop and TP Levels are configurable in the settings as well as the periods for the ATR used in these calculations.
(JS) Triple StochasticSo I ended up adding a ton of stuff to my prior Double Stochastic script which you can see here .
The concept of the Double was to smooth out the existing Stochastic by applying a Stochastic to the existing Stochastic (hence the Double). My concept for the Triple Stochastic is much different. It combines a regular stochastic, stochastic RSI, and the double stochastic to get a smoothed output based on all 3.
Also - since I love being able to see a Squeeze (see my Squeeze Pro indicators - Squeeze Pro 2 & Squeeze Pro Overlays ) I added the Squeeze to the Stochastic (the dots). If you're unfamiliar with how a Squeeze works, or what it is, check out my links for explanation. A quick explanation however is that the Squeeze is an indicator that was invented by John Carter that detects price compression before a big move out of a range. This is done by using Bollinger Bands and Keltner Channels, the BB shrink inside the KC. The color of the dots represent the depth of the BB in the KC, white (or black) being the lightest squeeze, red being the standard squeeze, and yellow being the strongest squeeze. Now on to the indicator:
The first thing you'll notice is the options available for the type of Stochastic you'd like to use:
Standard : This is a regular Stochastic
Stochastic RSI : This is the standard Stochastic RSI
Double : This is the Stochastic on top of a Stochastic from the prior version
Triple : This is simply an average of all 3 of the above combined together
(Top indicator shows the Triple Stochastic)
The options "K", "D", and "Smooth" are the settings from a regular Stochastic used to set up the type of Stochastic you choose to use.
Now let's say you're not sure how one type performs compared to another, or you like the quickest momentum change but also like to see the smoothest trend, or you want to use the same types of Stochastic and watch for them to cross like moving averages - for these reasons I added the ability to add a second Stochastic for comparison.
(2nd indicator shows a fast and slow Triple Stochastic together)
Quite obviously, the "K 2", "D 2", and "Smooth 2" are what is used in order to set the parameters for the second Stochastic.
Now another thing I added was the option to replace the regular Stochastic and instead look at the distance between the K and D. By turning off "Use K% and D%" you get to see this in action. To put it simply, a cross above zero would indicate a positive Stochastic crossover, and a cross below zero would represent the opposite. There's also an option titled "SMA Length using Difference" which, to smooth this out a bit, allows you to apply a moving average to the distance. By setting it at 1 you'd see the actual distance between K and D.
(3rd indicator shows the K and D distance used as a plot)
Another thing I wanted to do was add a different type of background that wasn't based on the indicator itself. I decided to use ADX & DMI which is a great way to determine the trend. When you select "ADX/DMI BG" the BG colors will change from being based on the indicator to being based on ADX and DMI.
(The 3rd indicator also shows the ADX/DMI BG being used).
And now finally the last feature I decided to add takes us back to the Squeeze. Essentially it is just the Stochastic shown through the lens of Squeeze momentum, as I ended up plugging the Stochastic output into the Squeeze momentum formula to create an oscillator. By selecting "Use Oscillator" you will see this in action as well.
(Bottom indicator shows the oscillator addition)
Stochastic With Neutral Zone and Time CycleThis oscillator includes 2 Stochastic oscillators ( Stoch 5 3 2, Stoch 14 7 3). Stoch 5 3 2 is used for market momentum, and Stock 14 7 3 is used for market overall time cycle (orange).
There is also a neutral zone highlighted in yellow from 45 to 55 to indicate whether the market has created a low or it is still in the cycle-high and vice versa.
EMA RSI Engulfing StrategyBuy when above 200 EMA, 50 RSI and right after a bearish engulfing candle. SL is engulfing candle low and take profit is 2x the risk.
SRR DifferenceThis takes an RSI Stochastic and a regular RSI and shows the difference between them. Do not use this indicator alone.
Multi-timeframe Dashboard for RSI And Stochastic RSI Dashboard to check multi-timeframe RSI and Stochastic RSI on 4h, 8h, 12h, D and W
Great side tool to assist on the best time to buy and sell and asset.
Shows a green arrow on a good buy moment, and a red when to sell, for all timeframes. In case there are confluence on more than one, you have the info that you need.
Uses a formula with a weight of 5 for RSI and 2 for Stochastic RSI, resulting on a factor used to set up a color for each of the timeframes.
Legend per each timeframe:
- Blue: Excellent buy, RSI and Stoch RSI are low
- Green: Great buy, RSI and Stoch RSI with a quite positive entry point
- White: Good buy
- Yellow: A possible sell, depending on combination of timeframes. Not recommended for a buy
- Orange: Good sell, depending on combination of timeframes
- Red: If on more than one timeframe, especially higher ones, it is a good time to sell
For reference (But do your own research):
- Blue on Weekly: Might represent several weeks of growth. Lower timeframes will cycle from blue to red, while daily and Weekly gradually change
- Blue on Daily: Might represent 7-15 days of growth, depending on general resistance and how strongly is the weekly
PS: Check the RSI, Stochastic RSI and other indicators directly as well
STOCHASTIC+Stochastic Oscillators are used to determine Overbought and Oversold Market conditions. This Stoch is set to a quicker Length then normal with an RSI that changes color depending on Momentum. When RSI is Overbought you well get a red shadow to indicate the market is setting up for a sell. When the RSI is Oversold you will get a green shadow to indicate the market is setting up for a buy
Simple BTC scalper 1minThis is a simple but effiecient 1 min scalper for BTC pairs
Its made of EMA 200 and Stochastic RSI.
Rules are simple :
For long we check that close is above the EMA and that stochastic crosses on the 20 level.
For short we check that close is below the EMA and that stochastic crosses above the 80 level.
We exit long when we enter short, and viceversa for short.
If there are any questions, please let me know !
Trading Bot Buy Signal 03 - MTF StochRSIWelcome to our third Tradingview buy signal indicator.
We develop signals which have been specially developed for crypto trading bots. We publish new indicators at regular intervals.
This indicator is based on our "Trading Bot Buy Signal 03 Strategy - MTF StochRSI" strategy, so that you can apply and test this strategy to your charts/pairs.
The basic idea of this script is to use the stochastic RSI indicator in multiple Timeframes. When all selected timeframes show an oversold and in 5 Min Timeframe is an crossover, it triggers a solid buy signal. This strategy is relatively robust against false breakouts, even if these can of course never be avoided. These signals occur relatively rare, but you can set an alarm up on different pairs simultaneously. The strategy needs to be set up in 5 min chart cause of an additional crossover buy condition. It wasnt tested in Forex etc. but feel free to test it.
We recommend to base your sell strategy on trailing stop-loss and not indicator based. A traling stop-loss arming at 1% and trailing stop-loss percentage at 0.3% works well. Our goal was it to reduce the average coin holding time to a minimum. We recommend this procedure cause we believe in the power of long term uptrending crypto, compounding and dont want to sell at a loss in a false breakout. But you can handel it like you prefere.
This indicator using different timeframes so it is sending a repainting warning. Cause it calculates values in a different timeframe. But thats normal and it wont recalculate results.
Feel free to adjust the parameters to your preferences:
- Adjust the values of Stoch - K and Length of RSI and Main Stoch to change the sensitivity of the indicator
- Turn on different timeframes or leave default timeframes
- Adjust the oversold Limit of the StochRSI indicator to change results
We sell this indicator so it is invite only. But of cause you can test it before buying. Also you can freely test the strategy before. Simply check out our profil and look for "Trading Bot Buy Signal 03 Strategy - MTF StochRSI".
If there are questions, write them into the comments or contact us directly over the direct message. Happy Trading!
Trading Bot Buy Signal 03 Strategy - MTF StochRSIWelcome to our third Tradingview strategy.
We develop signals which have been specially developed for crypto trading bots. We publish new indicators at regular intervals.
This strategy is based on our "Trading Bot Buy Signal 03 - MTF StochRSI" indicator, so that you can apply and test this strategy to your charts/pairs.
The basic idea of this script is to use the stochastic RSI indicator in multiple Timeframes. When all selected timeframes show an oversold and in 5 Min Timeframe is an crossover, it triggers a solid buy signal. This strategy is relatively robust against false breakouts, even if these can of course never be avoided. These signals occur relatively rare, but you can set an alarm up on different pairs simultaneously. The strategy needs to be set up in 5 min chart cause of an additional crossover buy condition. It wasnt tested in Forex etc. but feel free to test it.
The sell strategy is based on trailing sell and not indicator based cause we believe in the power of long term uptrending crypto, compounding and dont want to sell at a loss in a false breakout. You can set the trailing sell limit to your own preferences or leave it at default value. Our goal is to reduce the average coin holding time to a minimum.
This strategy using different timeframes so it is sending a repainting warning. Cause it calculates values in a different timeframe. But thats normal and it wont recalculate results.
Feel free to adjust the parameters to your preferences:
- Adjust the values of Stoch - K and Length of RSI and Main Stoch to change the sensitivity of the indicator
- Turn on different timeframes or leave default timeframes
- Adjust the oversold Limit of the StochRSI indicator to change results
- Adjusting the trailing sell parameters influences the coin holding time and the results
If there are questions, write them into the comments or contact us directly over the direct message. Happy Trading!
Stochastic MTF IICombines Stochastics, RSI and MACD Histogram to give a complete picture of the momentum.
The main two lines are stochastics from the higher time frame(current time frame* 4).
The red columns are stochastic of macd histogram.
The green histogram is the stochastic rsi of price.
The dots at 50 line is the correlation between price and macd+rsi combo.
Stochastic RSI+Applies signal values to significant changes in momentum and can be used in conjunction with other indicators and analysis to improve trade timing.
Both "Signal Up" and "Signal Down" can be used for alerts.
The magnitude of the signal is the difference between K and D.
(See the code for the logic and implementation.)
Signal Up occurs when momentum is within the band and moving upward.
Signal Down occurs when momentum is within the band and moving downward.
Interpretation Note:
The Stochastic RSI is known for false signals, so it should never be used as a pure buy or sell signal. It is useful as a warning or to help with trade timing.
A good example of this is: If you are bullish on a stock, and the signal is negative (signal down), then it may be wise to not buy until the recent change in momentum has dissipated.
RSI Divergence Indicator (colorcoded and smoothed)This indicator uses a custom RSI algorithm which displays a modified RSI and stochastic RSI as a simple to read and color coded oscillator.
When RSI turns green it signals a bullish divergence and considers the asset as overbought.
When it turns red it signals a bearish divergence and considers the asset oversold.
Overbought levels at 80 and oversold levels at 20.
Displaying the RSI this way removes the hassle to manually spot for divergences in the chart.
Only use this indicator in confluence with other indicators to confirm an upcoming trend.
This indicator features alarms when the indicator turns green or red.
Ichimoku Backtester with TP, SL, and Cloud Confirmation OptionStarted with the Basic Ichimoku strategy from Mizuki32. Added Take Profit, Stop Loss (for both long and short), and a toggle to wait for confirmation from the cloud.
TopTenAlgo 6. Trading IndexEN: Trend & Trading Index Oscillator is an indicator developed using Stochastic which makes your day trading easier. Is it to measure price swings with a more sensitive and close to zero error margin, and is the price movement and the direction of the trend compatible? is the ideal guide to look at. The oscillator consists of a 5 step system. Depressions below -0.85 are measured to determine the intake region (Lowlander 2) at the bottom of the step. At the top of the step, enthusiastic movements above 0.90 are detected to determine the sales region(Highlander 2). The buffer zone is the BALANCE "0" zone and its highlander "0. 40 zone close to enthusiasm, and the Lowlander "-0.50" zone close to depression.
This algorithm is prepared with @Top10Algo ... Study modify...
TR: Trend & Trading Index Osiatörü Stochastic kullanırak geliştirilen ve gün içi al satlarınızı kolaylaştıran bir göstergedir. Fiyat salınımlarını daha hassas ve sıfıra yakın bir hatalama payıyla ölçmek ve fiyat hareketi ile trendin yönü uyumlu mu? bakmak için en ideal yol göstericidir. Osilatör 5 basamaklı bir sistemden oluşmaktadır. Basamağın en altında alım bögesini belirlemek için -0.85 değerinin altındaki depresyonlar(Lowlander 2) ölçülür. Basamağın en üstünde ise satış bölgesini belirlemek için 0.90 değerinin üstündeki coşkulu hareketler (Highlander 2) tespit edilir. Ara bölge ise BALANCE “0” bögesi ve onun coşkuya yakın Highlander 1 “0.40" bölgesi ile depresyona yakın Lowlander 1 “-0.50" bölgesi yer alır.
Bu algoritma @Top10Algo ile beraber hazırlanmıştır... Çalışma Prensipleri modifiye edildi...
StochRSI x RSI x CCI x EMAsWanted to put this out there. Kind of a rough explanation but basically I wanted to build an indicator that takes out emotions and is easy to read. The indicator is basically RSI, stochRSI, CCI, and EMAs into an easy to read package. The traffic lights at the end will tell you if stochRSI/RSI and price action above according to EMA ribbon are in agreement. RSI with a period of 2 also always seemed very useful to me but it was just extremely distracting to look at it. I tried to make many rules in this indicator to find as much confluence between RSI, stochRSI, CCI, and EMAs to help you make better decisions. What is shown on the indicator is not necessarily a buy/sell signal. It should be seen as a way to view strength of price and possible momentum changes.
I find that one of the biggest distractions of indicators is taking your eyes off what is really happening at the chart above. This indicator uses popular and well used tools and helps you to get an easier visual of what is happening.
Purple lines at top and bottom: Short RSI ob/os
Red/orange and blue/green lines at top and bottom: When stochRSI kd and CCI also crosses +/- 100 or 200
Blue background: when stochRSI k > d and short RSI crosses above 30
Red background: when stochRSI k < d and short RSI crosses below 70
Green crosses: StochRSI is above 80 and making higher highs
Red X crosses: StochRSI is below 20 and making lower lows
Red/green fill of stochRSI and purple/blue dots on RSI: When short RSI and stochRSI are both ob/os
Red/green fill of RSI: Green when Long rsi > 50, red when Long rsi < 50
60/40 lines: Possible support/resistance for RSI
Traffic lights
1st light: Long RSI > EMA and stoch RSI k>d or vice versa
2nd light: Price above EMA 1 and 2 or vice versa
3rd light: when lights 1 and 2 are in agreement
Hope you enjoy!
Multi-Timeframe Stoch RSIGood evening folks!
Today I want to share with you a simple variant of the Stochastic-RSI built-in indicator.
Nothing too complex: by enabling the relative checkbox and setting the desired (k, d or the RSI ) source and timeframes, you can see higher timeframes data plotted on your screen.
Everything you need to do is enabling the indicator on the lowest timeframe (in this case 15 minutes), then you will see in YELLOW the information retrieved from the next higher timeframe (in this case 30 minutes) and in RED the information retrieved from the highest timeframe (in this case 45 minutes).
IT'S IMPORTANT THAT YOU DISPLAY THE INDICATOR ON THE LOWEST TIMEFRAME!
You can play with the overbought and oversold heights in order to have the best configuration you want (in oversold conditions is suggested to buy while in overbought conditions is suggested to sell)
The higher timeframes data are retrieved avoiding repainting since the method used for taking them is the 10th method described in this PineCoders Article , so, if you want to enable alerts, you SHOULD ignore the disclaimer message related to it without any problem.
Good Trading!
Catana Stochastic 4 in 1Catana Stochastic 4 in 1
Description
Catana Stochastic 4 in 1 is an excellent indicator to identify when the price trend of an asset, be it bullish or bearish, begins to run out. If an operator can identify that moment, he will be in optimal conditions to issue the corresponding market orders and to be able to take full advantage of the next price movement.
This indicator is represented by lines ranging between 80 and 20. These lines are called K and D.
Strategy
Overbought. When the blue and red lines are overbought, that is, at 80% of the indicator, it is a sell signal. The confirmation to enter into operation is given when the blue line crosses the red line.
Oversold. When the blue and red lines are oversold, that is, at 20% of the indicator, it is a buy signal. The confirmation to enter into operation is given when the blue line crosses the red line.
SRSI/CCI :: ALLinPower v10.0
Everything you see in this indicator has beed designed with purpose to ease your trading with visual technical analysis of the market. It pulls data from 7 different TimeFrames and it can not be more simpler visual representation of its calculations when applied on chart.
When applied on chart, you will see two sets of WAVES. First set is made out of SRSI calculation and the second is made out of CCI calculation. Both of them follows the same rules.
Background GREEN/RED wave is made out of Multiple Timeframes and it represents a TREND. GREEN for LONG, RED for SHORT trend.
Over the background wave there is a wave made of current TimeFrame data and its main purpose is to see when the POWER of certain direction will diminish. The less time little wave stays in current trend the more likely is that it will change the trend based on lack of power the market is getting in certain direction.
HOW TO USE IT?
Rule 1.
TIMEFRAMES
Choose the best TimeFrame for the job. I use: 1min, 2min, 3min, 5min, 8min, 13min, 21min, 34min or 56min (golden ratio). You can also pick a different TF but only to up to 1h TF chart as it does not work well with TF over 1h. Smaller TF is used for SCALPING of DAY TRADING higher TF is used for SWING TRADING. You get the picture?
Rule 2
TO ENTER BUY/LONG POSITION: When big trend wave is below the middle line and coloured in RED and little wave just entered the area and exits it very soon after. Basically when RED straight line gets smaller and smaller (the POWER of SHORT diminishes) it is a sign for LONG.
TO ENTER SELL/SHORT POSITION: When big trend wave is over the middle line and coloured in GREEN and little wave just entered the area and exits it very soon after. Basically when GREEN straight line gets smaller and smaller (the POWER of LONG diminishes) it is a sign for SHORT.
To ease yourself the spotting of this instances just follow the GREEN/RED dots and use ALERTS (choose BUY POWER for LONG signals or choose SELL POWER for SHORT signals) to make yourself free from staring at a computer/mobile all the time and just wait for a signal.
Rule 3
CAUTION
Do not rush to enter a position and try to predict what indicator will do next. It does not end well.
Be aware you are not exiting a position in panic that would be too soon or even worse, you get married to bad trade and you are not exiting even though you should exit by many signals you get.
Use risk management strategy to protect your capital.
Follow the rules and make your trading easier and better.