Big program for the daily indicator This one will be free on trial only for a week because it has an immense value and required quite a lot of work. For more info to use it long-term, please DM me
That out of the way, let's dive right in...
This is a huge upgrade from that script Ultimate-Algorithm-Builder-Single-Trend The Tradingview non-pro users will appreciate it because it allows to add the selected subsequent indicators as well. The Pro users too will likely like this feature equally, what the H*** I'm saying :)
This indicator will transform you into what I was in the past... into a quant trader. You'll build your own trading algorithm in a few clicks only
Which timeframe and which assets ?
Short answer : ALL and ALL You'll have to define the configuration of the tool based on your capital, psychology. For custom configuration of the tool, please DM me directly so that we can discuss further
But a few words of advices anyway :
the bigger the timeframe, the lower the inputs (and vice-versa)
Think about how much $$ you want to make per trade and define your entries from there
Think about how much $$ you can afford to lose per trade and define the supertrend from there
...
Your golden configuration might not work for all assets. You might have to create some tweaks - for instance you found a great config for BTCUSD but it's not working for ETHUSD, then you can create a copy of your BTCUSD chart and set a new config for ETHUSD
What are the indicators inside :
This fantastic tool that I personally use for my trading detects convergence between the following indicators :
Overlay - meaning if the price close above/below a moving average Trend Signal - to detect if the the DOW law is broken and predict a possible reversal - en.wikipedia.org/wiki/Dow_theory In other words, it detects if the higher highs or lower lows sequence is broken MACD or MACD Zero Lag MA Cross - Cross of moving averages Ichimoku - if the price closes below/above the cloud Supertrend - used to detect polarity zones TSI Shadow - https://www.tradingview.com/script/0lBK9IBY-TSI-Shadow/ Pullback You'll also have the possibility to define a pullback on a given MA. That means basically that you'll get a convergence and it will only display a signal when it will pullback first This will reduce your losses in case of invalidation and maximize your gains as it will enter the trade in a better position. You can define your pullback either based an absolute value or based on a percent distance from the MA +Example: Pullback value = 100 means I want a 100 pip/USD distance between the MA pullback and the candle Pullback percent = 2 means I want a 2% distance between the MA pullback and the candle The percent option is more generic in my opinion but I let the other available for those who might like it
That's it ?
Almost....You can also setup alerts on the indicator signals so that you won't have to stay days in front of the chart to wait for a signal. You receive the alert, you check real quick if we're not in front of a support/resistance, if no then take the trade. if yes, I advice waiting for a big pullback - better to be safe than sorry in trading
What If you want a custom version ?
Here are a few custom ideas I could add just for you :
re-enter everytime there is a convergence. So far the indicator is only taking the first convergence. This would give more entries
add the resistances/supports (fibo, pivot)
add the take profit targets and trailing stop loss
..
Please hit me up directly so we can discuss further. Any custom dev will require quite some time so it won't be free
Enjoy that one as I really think it will improve your analyst skills and trading and hopefully make you a few gains (which will make me very happy as I want to help most of you to at least not losing your capital)
Dave
Notas de Lançamento
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- Trend signal bug fixed - Indicator labels made clearer for the public
Because of the bug, I resetted the trial periods, please start counting the 7 days trial from TODAY
Also, I added two new cool features :
- Display the SMA 20/50/100/200 on the Daily/Weekly/Monthly timeframes on the chart. Those are use as supports/resistances and potentially take profit zones - Display the Long term HIGH and LOW levels : 4h/Daily/Weekly/Monthly/Quarterly : Generally going above one of those level means an acceleration of the trend
Now that you know how to set ALERTS, Click on the alert button (the clock and then the + symbol), and select the following for a BUY alert :
Condition : Buy Alert Main Trend Options : Once per bar close Expiration time: open ended Select the alert actions you want Message: Write a self explanatory message for the asset and timeframe where the indicator is set. As you'll have to set the indicator once per timeframe per asset, set a message like "ASSET NAME TIMEFRAME BUY ALERT" (example: BTCUSD M30 BUY ALERT)
Also do the exact same process for the SELL alert that will to alert you exit a BUY position if opened or take a nice SHORT
To summarize, one alert for BUY, one alert for SELL. And replicate this once per timeframe/asset So if you want to capture alerts on BTCUSD for the m30/m15/m5, you'll have 6 alerts to set
Please let me know if that doesn't make sense
Notas de Lançamento
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- Fixed another bug.... :) Please re-download for the invited users
Can I try this indicator for a few days? Would like to try and see if i can use indicators I have been studying to create viable alerts.
Daveatt
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Hey everyone, Trials for that one also will re-open in a few weeks only. Please follow me to get updated whenever I'll update my status to let everyone know when we'll be ready to process the trials :)