OPEN-SOURCE SCRIPT
Cipher B divergencies for Crypto (Finandy support)
Hello Traders!
In times of high volatility, it is important to follow a market-neutral strategy to protect your hard-earned assets. The simple script employs common buy/sell and/or divergencies signals from the VuManChu Cipher B indicator with fixed stop losses and takes profits. The signals are filtered by a local trend of a coin of interest and the global trend of Bitcoin. These trends-filtered signals demonstrated better performance on most of the back- and forward- tests for USDT cryptocurrency futures. The strategy is based on my real experience, it's a diamond I want to share with you.
In terms of visualization if the background is red and the price is below the yellow line then only a short position can be opened. Conversely, if the price is above the yellow line AND the background is green only a long position can be opened.
Inputs from VuManChu you can find on the top. Frankly, I do not know how they can help you to improve the performance of the strategy. My inputs of the script you can find in "Trend Settings" and "TP/SL Settings" at the bottom.
The checkbox "Only divergencies" lets to broadcast only more reliable buy/sell signals for a cost of rare deals.
The checkbox "Cancel all positions if price crosses local sma?" makes additional trailing stop loss. Usually, this function increases the win rate by "smoothing" the risk/reward ratio, as a usual stop loss does.
You can tune SL/TP based on backtesting.
To connect the script to Finandy just edit "name" and "secret" to connect your webhook (see the bottom of the script).
The rule of thumb for the strategy is "only divergencies" - ON, high reward/risk (TP/SL) ratio, 5 min timeframe on chart help with performance.
Finally, I am looking forward to feedback from you. If you have some cool features for my script in your mind, do not hesitate to leave them in the comments.
Good luck!
In times of high volatility, it is important to follow a market-neutral strategy to protect your hard-earned assets. The simple script employs common buy/sell and/or divergencies signals from the VuManChu Cipher B indicator with fixed stop losses and takes profits. The signals are filtered by a local trend of a coin of interest and the global trend of Bitcoin. These trends-filtered signals demonstrated better performance on most of the back- and forward- tests for USDT cryptocurrency futures. The strategy is based on my real experience, it's a diamond I want to share with you.
In terms of visualization if the background is red and the price is below the yellow line then only a short position can be opened. Conversely, if the price is above the yellow line AND the background is green only a long position can be opened.
Inputs from VuManChu you can find on the top. Frankly, I do not know how they can help you to improve the performance of the strategy. My inputs of the script you can find in "Trend Settings" and "TP/SL Settings" at the bottom.
The checkbox "Only divergencies" lets to broadcast only more reliable buy/sell signals for a cost of rare deals.
The checkbox "Cancel all positions if price crosses local sma?" makes additional trailing stop loss. Usually, this function increases the win rate by "smoothing" the risk/reward ratio, as a usual stop loss does.
You can tune SL/TP based on backtesting.
To connect the script to Finandy just edit "name" and "secret" to connect your webhook (see the bottom of the script).
The rule of thumb for the strategy is "only divergencies" - ON, high reward/risk (TP/SL) ratio, 5 min timeframe on chart help with performance.
Finally, I am looking forward to feedback from you. If you have some cool features for my script in your mind, do not hesitate to leave them in the comments.
Good luck!
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.