RSI & ADX [APIDEVs]The RSI ( Relative Strength Index ) is an oscillator-type indicator used by traders who perform technical analysis to estimate the status of overbought or oversold of an asset on the stock market.
This tool gives the trader the advantage of comparing supply and demand (buying and selling), therefore, we must take into account the following interpretation for its use.
If the buy and sell index are equal, the indicator takes a percentage value of 50, which indicates that the relative forces are in equity.
As its value is over 50%, it indicates that the buyer interest is higher than the seller.
When it is less than 50%, then we must know that the selling force is greater.
It also indicates that when the RSI is above 70 on the oscillator, the price is oversold, therefore, it should exit the market.
Similarly, when the RSI is below 30, the asset is oversold, so it is considered convenient to buy.
NEW RSI & ADX
The main improvement lies in the incorporation of a script that allows to visually observe the force of the movement and that this reinforces the perception of the RSI trajectory. It is for this reason that we incorporate the Average Directional Index ( ADX ) in this indicator so that through its logic it can provide other visual elements to help traders.
In this merger we try to maintain the original design of the RSI in order to make a clean integration that does not confuse traders with another indicator.
Improvements made:
• The coloration resulting from the crossing of the DI + and DI- of the ADX was incorporated into the line that marks point 50 of this indicator.
o When the Di + is above the DI- the trend is bullish therefore the middle line of the RSI will be painted green.
o When the Di- is above the DI + the trend is bearish therefore the middle line of the RSI will be painted green.
• A green background was added for the uptrend and red for the downtrend, which is activated exclusively when the price acquires a strong trend. This highly important feature for the interpretation of this new version of the indicator was absorbed from the ADX.
• A function was added that allows showing the weakness of the RSI by changing its color from green to red as the case may be.
• Thinking of the more traditional users, a function was incorporated that allows painting the RSI in a single color.
• A color selector was incorporated that allows painting the candles based on ADX or RSI.
• Added a side panel that indicates the numerical value of the ADX and the RSI.
• As a visual improvement, an upper and lower band was created that more clearly shows the oversold and overbought state of the oscillator.
Índice de direção de movimento médio (ADX)
ADX_Oscillator [APIDEVs]ADX (ORIGINAL VERSION)
The ADX Indicator ( Average Directional Index ), is a non-directional oscillator type indicator, that is, it quantifies the strength of a trend regardless of its direction. In its original version, it is made up of 3 lines that represent the direction and strength of the movement:
• A line representing the ADX indicator.
• A green line representing the bullish Direction Index (DI +).
• A red line representing the Bearish Direction Index (DI-).
When the ADX is greater than 35, the market is in a strong trend, when it is between 35 and 20 the market is in trend and when it is less than 20 it indicates that the market is in range.
ADX OSCILLATOR (OUR VERSION)
At APIDEVs we really care about improving the understanding and experience of our users, which is why, in response to multiple requests, we decided to make important modifications to the ADX , which we consider to be the most powerful indicator of strength.
For many traders it was really confusing to understand that the ADX could be bullish or bearish and at the same time have the same numerical values, so in our version of the “ADX PRO +” we added colors and different intensity levels for your better understanding, however. , many needed a more explicit indicator and it is based on this request that we decided to take a leap into the incredible and that is how the “ADX OCILLATOR” was born.
We convert the ADX into a trend oscillator, now simpler and with multiple advantages which we will proceed to list:
1. The ADX was transformed into a directional oscillator whose color is based on the crossing of (DI +) and (DI-). This modification opens the door to the replacement of the Squeeze Momentum Indicator (SQZMOM) as a directional complement to the ADX .
2. A Background was added that is activated exclusively when the market has a strong upward or downward trend, specifying through its colors and intensity the type and direction of the force.
3. The original ADX parameters were adjusted to almost eliminate completely the “no trend” condition. This condition only created confusion for traders.
4. Added a system of signals based on the direction of the oscillator and the strength of the ADX .
• When the oscillator is sloping up and the ADX is green, the LONG (L) signal is activated.
• When the oscillator slopes downward and the ADX is red, the SHORT (S) signal is activated.
5. A side panel has been enabled that visually expresses the numerical value and direction of the ADX , as well as the direction of the oscillator.
6. An alert system was enabled so that traders receive notifications on all their devices:
• It is activated when the ADX changes color.
• It is activated when the Oscillator crosses the 0 point.
• It is activated when any input signal is activated.
RSI Bands [APIDEVs]RSI BANDS:
It is an exclusive product of ApiDevs, this indicator selectively integrates a series of highly advanced algorithms that aim to provide the trader with an effective and profitable trading system, based on a series of conditions that project the price direction with a reasonable probability.
This indicator bears the name of “RSI Bands”, this is because we have based this trading system on the “Relative Strength Index ( RSI )”, the strength of this indicator is centennial and we at APIDEVs have decided to focus our efforts on the development of powerful tools based on the favorite indicators of the afternoon.
WHAT IT HAS INCORPORATED:
1. Exponential Moving Average (EMAs): The RSI Bands has, by default, a band composed of two moving averages of 10 and 55 exponential periods, which can be modified in the indicator menu.
• Possibility of changing the value of the EMAs.
• Function was enabled to change the color and transparency of the bands.
• Visual alerts SHORT (L) and LONG (L) were added when there is the crossing of the EMAS.
• Hull Moving Average ( HMA ) of 100 periods was also incorporated, also modifiable for those who wish to strengthen their visual analysis. (Disabled by default)
• We also add an Exponential Moving Average ( EMA ) of 200 periods to mark the trend. (Disabled by default).
2. ATR ( Average True Range ): This indicator has two main functions in the RSI Bands, the first is to mark the trend of the asset and the second is to establish a margin of safety in price volatility , that is, a maximum estimate of the setbacks without this representing a change in the direction of the price.
3. RSI ( Relative Strength Index ): It was visually incorporated into the RSI Bands, the graph is obtained on the right side and its purpose is to visually indicate where the price is with respect to the RSI PRO+ indicator, offering the following improvements :
• ALERT SYSTEM: THE RSI PRO+ has the ADX incorporated into its algorithm, which allows establishing a filter that will provide reliable inputs, represented by the LONG (L) and SHORT (S) signals.
• FILTER AGAINST TREND: The signals described above will be activated according to the crossing of the RSI above the 50 point, provided that the ADX agrees with the market direction.
• Possibility of deactivating this graphical representation.
4. ADX ( Average Directional Index ): The ADX in this indicator is intended to estimate the strength of the movement, it is present in each part of the code, either to indicate the strength of the market or to serve as a filter against trend. In the same way, we apply certain exclusive improvements for this indicator:
• It was established as default values of the ADX that the Level Range was 10 and the Level Trend 25. This significantly changes the behavior of this indicator, almost completely eliminating the zone of disinterest that was usually considered.
• A function was activated to paint the sails the color of the ADX .
5. ADX Ocillator: Yes, we developed a Wave oscillator type ADX and incorporated it into this strategy. From this indicator, which we recommend using in conjunction with the RSI Bands, we extracted the LONG (L) and SHORT (S) signals. The ADX Oscillator is the improved version of the traditional ADX as it offers the following improvements:
• Its interpretation is much simpler.
• Allows you to set entry and exit signals during the trend change and during the price path.
• It has an integrated alert system.
STRATEGY PANEL:
This panel is an exclusive creation of APIDEVs, and its purpose is to parameterize five conditionals based on the indicators that make up our RSI strategy, giving the trader an immediate vision of the status of the asset analyzed considering this strategy. That is, we decided to transfer our experience of using this indicator on a panel that will project the price trajectory visually. It has the following characteristics:
• It can be placed anywhere on the screen through the main menu of the indicator, it can even be deactivated.
• It can be resized, we designed this to adapt to all types of screens, including those of mobile phones.
• It has an upper panel called "Project" which will calculate the percentage probability that the price has to take a direction based on all the indicators incorporated into the strategy. Their values range from (+ 100%) to (-100%).
STRATEGY PANEL PARAMETERS:
1. EMAs: This panel has 2 variables:
• LONG: If the fast EMA is above the slow EMA .
• SHORT: If the fast EMA is below the slow EMA .
2. RSI: This panel has 3 variables:
• LONG: The RSI should be bullish (green) and above the 50 point.
• SHORT: The RSI should be bearish (red) and be below the 50 point.
• RANK: (Range)this condition is activated when there is no concordance with the RSI condition and its crossing.
3. ATR: This panel has 2 variables:
• LONG: When the price is above the ATR.
• SHORT: When the price is below the ATR.
4. ADX: This panel has 3 variables:
• LONG: The ADX is green. That is, the DI + is above the DI-.
• SHORT: The ADX is red. That is, the DI- is above the DI +.
• RANK: ADX is below point 10.
It also has a numerical value that indicates the value of the ADX and two texts indicating the strength of the trend:
• Trend ( bullish or bearish ).
• Strong trend ( bullish or bearish ).
5. OSC: This panel has 3 variables:
• LONG: The oscillator slopes upward and the built-in ADX is green.
• SHORT: The oscillator slopes downward and the built-in ADX is red.
• RANK: The oscillator slopes downward and the built-in ADX is green and the opposite. In short, there is no coherence in the movement of the oscillator and the projection of the ADX .
TL_Strategy [APIDEVs]TL_STRATEGY:
The TL_STRATEGY , is a whole ecosystem of indicators that make up a quite powerful and famous strategy in cryptocurrency trading, it is composed of the following indicators:
• Exponential moving media bands (10 and 55).
• Squeeze Momentum indicator (SQZMON PRO +).
• Volume profile (VP Developed by APIDEVs).
• Average directional index ( ADX PRO +).
In ApiDev , we decided to visually optimize this strategy, that is why we created an information panel that shows the joint projection of all the indicators that we already mentioned.
IMPROVEMENTS MADE IN THE STRATEGY:
Simpler: We simplified the interface of all indicators [so that the trader can follow the ABCs of his strategy without much complication.
Buy and sell signals: Based on a strategy that incorporates two moving averages of 10 and 55 periods, the observation of the strength of the ADX and the directionality of the oscillators of the SQZMON, signals of buying and selling to be valued by the trader.
Side panel: We integrate a side panel that allows observing the assessment and direction of all the indicators that make up the strategy.
It has an alert system that will send notifications about the changes that occur in the indicator.
QZMOM & ADX PRO+The Momentum Squeeze Indicator is a momentum oscillator that indicates how explosively the price will move. Its first known version was called "TTM Squeeze" by John Carter explained in his book "Mastering the Trade" (chapter 11) and popularized in TradingView by a developer named LazyBear.
The black crosses on the center line show that the market has just entered a consolidation. This means low volatility, the market is preparing for an explosive move (up or down). The gray crosses mean the "Squeeze". Carter suggests waiting until the first gray after a black cross and taking a position in the direction of the oscillator. For its part, LazyBear recommends using an additional indicator such as ADX to improve the effectiveness of entry points and position closures.
Oscillator understanding improvements:
During the indicator creation process we were able to better understand the logic of the oscillator and based on that knowledge we implemented improvements.
Oscillator development improvements:
Side panel:
The ADX algorithm was incorporated, which is displayed numerically on the right panel of the indicator, shows the value of ADX and its directionality.
Added an arrow pointer to indicate oscillator directionality.
Two exponential moving averages of 11 and 55 periods have been added to the right panel, this will mark if the trend is bullish or bearish depending on the crossover of the EMAs.
An indicator of the Indicator Squeeze was also included, which marks the periods of price consolidation (OFF) and the periods in which the price should react explosively.
Added a feature that allows automatic color changing of the panels based on the color of the oscillator and the ADX.
o ADX: Dark green (bullish force).
o ADX: Light green (loss of bullish strength).
o ADX: Dark red (bearish force).
o ADX: Light red (loss of bearish strength).
o ADX: Orange (loss of strength, disinterest and low volume).
Signs:
A very famous strategy that we have learned is that of the trading expert Jaime Merino, who by combining the Momentum Squeeze Indicator and a ADX común, logró vincular eficientemente la debilidad del ADX con el inicio de un momentum alcista o bajista. La parametrización de su estrategia se señaló en alertas de compra y venta, que se representan de la siguiente manera:
B (Comprar): se activa cuando un movimiento bajista marcado por el ADX (pendiente negativa) termina y el oscilador toma direccionalidad alcista (impulso alcista).
S (Vender): se activa cuando un movimiento alcista marcado por el ADX (pendiente negativa) termina y el oscilador toma direccionalidad bajista (momentum bajista).
Filter:
To prevent any trader from trading against the trend, a filter was added that limits bearish entry alerts when the trend is up and vice versa, that is, when the EMA 10 is above the EMA 55, it is understood that the trend is up in that time frame, therefore bearish entry alerts will not be triggered. It will be the decision of each trader to activate or deactivate this function.
Alerts:
This is without a doubt the most awaited function for all Latin American traders, (Just kidding), but being aware, I am very proud of the implementation of alerts for each improvement made to this indicator, if you decide to use the Momentum Squeeze Indicator you can automate alerts for the following actions:
Buy and sell alerts.
Alerts to activate the Squeeze to (ON).
Oscillator quadrant change alerts
or bullish momentum.
or bearish momentum.
o Bullish force.
o Bearish force.
Recommendations:
One of the things that became clearer in the development of this indicator is the coloring of the dials, which is why we recommend the use of four colors, one for each oscillator grid.
Ichimoku Cloud with ADX (By Coinrule)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals.
The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in.
The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line.
The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up.
The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down.
DMI is simple to interpret. When +DI > - DI, it means the price is trending up. On the other hand, when -DI > +DI , the trend is weak or moving on the downside. The ADX does not give an indication about the direction but about the strength of the trend.
Typically values of ADX above 25 mean that the trend is steeply moving up or down, based on the -DI and +D positioning. This script aims to capture swings in the DMI, and thus, in the trend of the asset, using a contrarian approach.
Trading on high values of ADX , the strategy tries to spot extremely oversold and overbought conditions. Values of ADX above 45 may suggest that the trend has overextended and is may be about to reverse.
This strategy combines the Ichimoku Cloud with the ADX indicator to better enter trades.
Long/Short orders are placed when these basic signals are triggered.
Long Position:
Tenkan-Sen is above the Kijun-Sen
Chikou-Span is above the close of 26 bars ago
Close is above the Kumo Cloud
MACD line crosses over the signal line
-DI is greater than +DI
ADX is greater than 45
Short Position:
Tenkan-Sen is below the Kijun-Sen
Chikou-Span is below the close of 26 bars ago
Close is below the Kumo Cloud
MACD line crosses under the signal line
+DI is greater than -DI
ADX is less than 45
The script is backtested from 1 January 2022 and provides good returns.
The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
This script also works well on MATIC (15m timeframe), ETH (5m timeframe), and SOL (15m timeframe).
MACD + RSI + ADX Strategy (ChatGPT-powered) by TradeSmartThis is a trading strategy made by TradeSmart, using the recommendations given by ChatGPT . As an experiment, we asked ChatGPT on which indicators are the most popular for trading. We used all of the recommendations given, and added more. We ended up with a strategy that performs surprisingly well on many crypto and forex assets. See below for exact details on what logic was implemented and how you can change the parameters of the strategy.
The strategy is a Christmas special , this is how we would like to thank the support of our followers.
The strategy has performed well on Forex, tested on 43 1-hour pairs and turned a profit in 21 cases. Also it has been tested on 51 crypto pairs using the 1-hour timeframe, and turned a profit in 45 cases with a Profit Factor over 1.4 in the top-5 cases. Tests were conducted without commission or slippage, unlike the presented result which uses 0.01% commission and 5 tick slippage.
Some of the top performers were:
SNXUSDT
SOLUSDT
CAKEUSDT
LINKUSDT
EGLDUSDT
GBPJPY
TRYJPY
USDJPY
The strategy was implemented using the following logic:
Entry strategy:
Long entry:
Price should be above the Simple Moving Average (SMA)
There should be a cross up on the MACD (indicated by the color switch on the histogram, red to green)
RSI should be above the 50 level
Volume is above the selected volume-based Exponential Moving Average (EMA)
ADX should also agree to this position: below 50 and over 20, and above the Regularized Moving Average (REMA)
Short entry:
Price should be under the Simple Moving Average (SMA)
There should be a cross down on the MACD (indicated by the color switch on the histogram, red to green)
RSI should be below the 50 level
Volume is above the selected volume-based Exponential Moving Average (EMA)
ADX should also agree to this position: below 50 and over 20, and above the Regularized Moving Average (REMA)
Exit strategy:
Stop Loss will be placed based on ATR value (with 1.5 Risk)
Take profit level will be placed with a 2.5 Risk/Reward Ratio
Open positions will be closed early based on the Squeeze Momentum (Long: change to red, Short: change to green)
NOTE! : The position sizes used in the example is with 'Risk Percentage (current)', according which the position size will be determined such
that the potential loss is equal to % of the current available capital. This means that in most of the cases, the positions are calculated using leverage.
Parameters of every indicator used in the strategy can be tuned in the strategy settings as follows:
Plot settings:
Plot Signals: true by default, Show all Long and Short signals on the signal candle
Allow early TP/SL plots: false by default, Checking this option will result in the TP and SL lines to be plotted also on the signal candle rather than just the entry candle. Consider this only when manual trading, since backtest entries does not happen on the signal candle.
Entry Signal:
Fast Length: 12 by default
Slow Length: 26 by default
Source: hlcc4 by default
Signal Smoothing: 9 by default
Oscillator MA Type: EMA by default
Signal Line MA Type: EMA by default
Exit Strategy:
ATR Based Stop Loss: true by default
ATR Length (of the SL): 14 by default
ATR Smoothing (of the SL): EMA by default
Candle Low/High Based Stop Loss: false by default, recent lowest or highest point (depending on long/short position) will be used to calculate stop loss value. Set 'Base Risk Multiplier' to 1 if you would like to use the calculated value as is. Setting it to a different value will count as an additional multiplier. Please select only one active stop loss. Default value (if nothing or multiple stop losses are selected) is the 'ATR Based Stop Loss'.
Candle Lookback (of the SL): 10 by default
Base Risk Multiplier: 1.5 by default, the stop loss will be placed at this risk level (meaning in case of ATR SL that the ATR value will be multiplied by this factor and the SL will be placed that value away from the entry level)
Risk to Reward Ratio: 2.5 by default, the take profit level will be placed such as this Risk/Reward ratio is met
Force Exit based on Squeeze Momentum: true by default, a Long position will be closed when Squeeze Momentum turns red inside an open position and a Short position will be closed when Squeeze Momentum turns green inside an open position
BB Length: 20 by default
BB Mult Factor: 1.0 by default
KC Length: 20 by default
KC Mult Factor: 1.5 by default
Use True Range (KC): Yes by default
Base Setups:
Allow Long Entries: true by default
Allow Short Entries: true by default
Order Size: 1.5 by default
Order Type: Risk Percentage (current) by default, allows adjustment on how the position size is calculated: Cash: only the set cash ammount will be used for each trade Contract(s): the adjusted number of contracts will be used for each trade Capital Percentage: a % of the current available capital will be used for each trade Risk Percentage (current): position size will be determined such that the potential loss is equal to % of the current available capital Risk Percentage (initial): position size will be determined such that the potential loss is equal to % of the initial capital
Trend Filter:
Use long trend filter: true by default, only enter long if price is above Long MA
Show long trend filter: true by default, plot the selected MA on the chart
MA Type (Long): SMA by default
MA Length (Long): 100 by default
MA Source (Long): close by default
Use short trend filter: true by default, only enter long if price is under Short MA
Show short trend filter: false by default, plot the selected MA on the chart
MA Type (Short): SMA by default
MA Length (Short): 100 by default
MA Source (Short): close by default
Simple RSI Limiter:
Limit using Simple RSI: true by default, if set to 'Normal', only enter long when Simple RSI is lower then Long Boundary, and only enter short when Simple RSI is higher then Short Boundary. If set to 'Reverse', only enter long when Simple RSI is higher then Long Boundary, and only enter short when Simple RSI is lower then Short Boundary.
Simple RSI Limiter Type:
RSI Length: 14 by default
RSI Source: hl2 by default
Simple RSI Long Boundary: 50 by default
Simple RSI Short Boundary: 50 by default
ADX Limiter:
Use ADX Limiter: true by default, only enter into any position (long/short) if ADX value is higher than the Low Boundary and lower than the High Boundary.
ADX Length: 5 by default
DI Length: 5 by default
High Boundary: 50 by default
Low Boundary: 20 by default
Use MA based calculation: Yes by default, if 'Yes', only enter into position (long/short) if ADX value is higher than MA (ADX as source).
MA Type: REMA by default
MA Length: 5 by default
Volume Filter:
Only enter trades where volume is higher then the volume-based MA: true by default, a set type of MA will be calculated with the volume as source, and set length
MA Type: EMA by default
MA Length: 10 by default
Session Limiter:
Show session plots: false by default, show crypto market sessions on chart: Sidney (red), Tokyo (orange), London (yellow), New York (green)
Use session limiter: false by default, if enabled, trades will only happen in the ticked sessions below.
Sidney session: false by default, session between: 15:00 - 00:00 (EST)
Tokyo session: false by default, session between: 19:00 - 04:00 (EST)
London session: false by default, session between: 03:00 - 11:00 (EST)
New York session: false by default, session between: 08:00 - 17:00 (EST)
Date Range:
Limit Between Dates: false by default
Start Date: Jul 01 2021 00:00:00 by default
End Date: Dec 31 2022 00:00:00 by default
Trading Time:
Limit Trading Time: false by default, tick this together with the options below to enable limiting based on day and time
Valid Trading Days Global: 1234567 by default, if the Limit Trading Time is on, trades will only happen on days that are present in this field. If any of the not global Valid Trading Days is used, this field will be neglected. Values represent days: Sunday (1), Monday (2), ..., Friday (6), Saturday(7) To trade on all days use: 123457
(1) Valid Trading Days: false, 1234567 by default, values represent days: Sunday (1), Monday (2), ..., Friday (6), Saturday(7) The script will trade on days that are present in this field. Please make sure that this field and also (1) Valid Trading Hours Between is checked
(1) Valid Trading Hours Between: false, 0930-1600 by default, hours between which the trades can happen. The time is always in the exchange's timezone
Fine-tuning is highly recommended when using other asset/timeframe combinations.
Clean ADX with bidirectional Breakout VolumeThe default Average Directional Index (ADX) helps traders determine the strength of a trend, not its actual direction. The Clean ADX helps traders determine the strength of a trend on a longer time, and the possible direction on different timeframes.
The bidirectional Breakout Volume determines both directions of breakout or breakdown volume. When volume is high by comparing the previous volume high over n periods to the current volume or when volume is lower by comparing the previous volume low over n periods to the current volume.
If the current volume exceeds the previous volume high or low, then the indicator columns will turn red or green.
This indicator should make trading easier and improve analysis. Nothing is worse than indicators that give confusingly different signals.
The combination of the first and second indicator therefore makes perfect sense to me and now you are able to find your long or short trends earlier.
I hope you enjoy my new ideas
best regards
Chervolino
ZenBot Signals - Trend StrengthI developed this indicator as a "regime detection" for my algo trading bot. It uses the ADX +/- values with a few twists.
- If ADX DI+ is over 30 and DI- is below 20 and falling (inverse for shorts)
- Price action rising/falling thru various VWAP standard deviations indicates a strong trend break
- Some other custom juju (open source so have fun).
I use this primarily to monitor the SPY index as a backdrop for my long and short trades. If the colored line below price bars is red or green, a strong trend is present and there is a decent trade environment.
ETHUSDT Long-Short using EMA,OBV,ADX,LinearReg,DXY(No repaint)This script strategy is used to follow the trending EMA with a delta difference (Price-EMA) to know when to enter and with 5 variables mentioned below, stop loss is below EMA line all the time in long and above EMA line in short, is like a trailing stop after candle is closed. Hard stop is also placed to prevent big candles movements, also correlation between VIX and ETH when the correlation is <-0.2 the position can be opened.
Indicators used:
EMA , OBV , ADX , Linear regression and Dollar Index trending, Leverage is available for Long and Short positions.
LONG
When Price is above EMA and price-ema difference is smaller than "Long delta Price/MA"
OBV(4hrs) is above OBV-EMA(110)
Linear regression is strong
ADX is strong >50
DXY is trending down
SHORT
When Price is below EMA and ema-price difference is smaller than "Long delta Price/MA"
OBV(4hrs) is below OBV-EMA(110)
Linear regression is weak
ADX is weak <50
DXY is trending up
BINANCE:ETHUSDT 30 minutes Timeframe
Wunder Keltner botWunder Keltner bot
1. Wunder Keltner bot is based on the breakout of the Keltner channel. For calculation, 2 channels are used, one for long trades, and the other for short trades. The division into 2 channels is used for more accurate entry calculations depending on trend directions.
2. The ADX indicator is used to filter signals and determine the trend strength. ADX determines the strength of the trend and confirms the entry into the strategy if the value is greater than the level indicated in the settings.
3. There are 3 ways to calculate Stop Loss and Take Profit. You can choose one of them:
Classic Stop Loss and Take Profit in a fixed percentage
ATR Stop Loss
Keltner. Stop Loss, which is set on the opposite Keltner’s Channel Band from Keltner breakout.
4. ATR and Keltner use Risk Reward (R:R) to calculate Take Profit. The script calculates Risk Reward based on the determined Stop loss level and uses the ration to calculate Take Profit.
5. A function for calculating risk on the portfolio (your deposit) has been added to the script. When this option is enabled, you get a calculation of the entry amount in dollars relative to your Stop Loss. In the settings, you can select the risk percentage on your portfolio. The loss will be calculated from the amount that will be displayed on the chart.
For example. Deposit - $1000, you set the risk to 1%. SL 5%. Entry volume will be $200. The loss at SL will be $10.10$ this is your 1% risk or 1% of the deposit.
Important! The risk per trade must be less than the Stop Loss value. If the risk is greater than SL, then you should use leverage.
The amount of funds entering the trade is calculated in dollars. This option was created if you want to send the dollar amount from Tradingview to the exchange. However, putting your volume in dollars you get the incorrect net profit and drawdown indication in the backtest results, as TradingView calculates the backtest volume in contracts.
To display the correct net profit and drawdown values in Tradingview Backtest results, use the ”Volume in contract” option.
Macro Directional IndexCore to this indicator is the rate at which DI+ and DI- are moving away or towards each other. This is called The Rate of Change (ROC). The ROC length dictates how many bars back you want to compare to the current bar to see how much it has changed. It is calculated like this:
(source - source /source ) * 100
This indicator has 4 values in the status line:
DI+
DI-
Distance between DI+ and DI-
DI Rate of Change
DI Rate of Change
The rate of change is smoothed using an EMA. A shorter EMA length will cause the ROC to flip back and forth between positive and negative while a larger EMA length will cause the ROC to change less often. "Since the rate of change is used to indicate periods of 'consolidation', you want to find a setting that doesn't flip back and forth too often.
Directional Index Middle Channel
Between the DI+ and DI- is a black centerline. Offset from this centerline is a channel that is used to filter out false crosses of the DI+ and DI-. Sometimes, the DI+ and DI- lines will come together in this channel and cross momentarily before resuming the direction prior to the cross. When this happens, you don't want to flip your bias too soon. The wider the channel, the later the indicator will signal a DI reversal. A narrower channel will call it sooner but risks being more choppy and indicating a false cross."
Alpha ADX DI+/DI- V5 by MUNIF SHAIKHMODIFIED ADX DI+/DI- V5
Usage: To use this indicator for entry: when DMI+ crosses over DMI-, there is a bullish sentiment, however ADX also needs to be above 25 to be significant, otherwise the move is not necessarily sustainable.
Inversely, when DMI+ crosses under DMI- and ADX is above 25, then the sentiment is significantly bearish , but if ADX is below 20, the signal should be disregarded.
The line control represents, if the ADX is greater than the line of 25, the price trend is considered strong
Ichimoku Cloud and ADX with Trailing Stop Loss (by Coinrule)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals.
The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in.
The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line.
The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up.
The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down.
DMI is simple to interpret. When +DI > - DI, it means the price is trending up. On the other hand, when -DI > +DI , the trend is weak or moving on the downside. The ADX does not give an indication about the direction but about the strength of the trend.
Typically values of ADX above 25 mean that the trend is steeply moving up or down, based on the -DI and +D positioning. This script aims to capture swings in the DMI, and thus, in the trend of the asset, using a contrarian approach.
Trading on high values of ADX, the strategy tries to spot extremely oversold and overbought conditions. Values of ADX above 45 may suggest that the trend has overextended and is may be about to reverse.
This strategy combines the Ichimoku Cloud with the ADX indicator to better enter trades.
Long orders are placed when these basic signals are triggered.
Long Position:
Tenkan-Sen is above the Kijun-Sen
Chikou-Span is above the close of 26 bars ago
Close is above the Kumo Cloud
MACD line crosses over the signal line
-DI is greater than +DI
ADX is greater than 45
Close Position:
3% increase trailing
3% decrease trailing
The script is backtested from 1 January 2018 and provides good returns.
The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
This script also works well on MATIC (1d timeframe), ETH (1d timeframe), and SOL (1d timeframe).
TradeWithAB SignalsThis indicator specifically designed for Momentum trading by an Intraday trader on index( Nifty , BankNifty ) and Equity stocks. This indicator works with DMI and PRICE ACTIONS which gives automated Buy and Sell signals along with Stop loss and Trailing Stop loss when certain criteria are met. It is not a Holy Grail system that gives you continuous profits and it has some limited downfalls also which can be controlled by proper risk Management and position sizing. This is a premium invite only indicator which can be use after given access to you by us. There are some guidelines on how to use this indicator which are given below and you have to follow these guidelines very strictly to get the maximum results.
Guidelines :-
1. Default Timeframe - 5 min
2. You have to take almost all the trade generated by this indicator on a particular stock/index for better results.
3. Signal confirmation is required for enter the trade as it will give you maximum profits.
4. GREEN TRIANGLE is represented as BUY Signal whereas RED TRIANGLE is represented as SELL Signal.
5. GREEN ARROW is considered as BUY TRAILING STOP LOSS as well as BUY RE-ENTRY for some scenarios.
6. RED ARROW is considered as SELL TRAILING STOP LOSS and SELL RE-ENTRY for some scenarios.
7. Ignore the signals(if any) of 1st candle(9:15)and last candle(3:25)of the day for better results.
BUY Trade Management :-
1. Trade should be initiated if and only if there is a buy signal(Green Triangle) is generated.
2. You should only enter the trade at the CLOSE of the signal generated candle.
3. Your Stop loss should be placed at the LOW of the signal generated candle.
4. There is a trailing Stop loss signal (Green Arrow) after the buying signal is generated.
5. You should trail your Stop loss at the LOW of the trailing Stop loss signal generated candle.
6. You should trail your Stop loss repeatedly until your trailing Stop loss got hit and hence Exit your buy trade.
7. After Exiting the trade you always have option to re-enter at the next trailing Stop loss signal(green arrow) generated candle CLOSE and put your Stop loss at LOW of that candle and repeat the same trailing stop loss procedures.
SELL Trade Management :-
1. Trade should be initiated if and only if there is a sell signal(Red Triangle) is generated.
2. You should only enter the trade at the CLOSE of the signal generated candle.
3. Your Stop loss should be placed at the HIGH of the signal generated candle.
4. There is a trailing Stop loss signal (Red Arrow) after the selling signal is generated.
5. You should trail your Stop loss at the HIGH of the trailing Stop loss signal generated candle.
6. You should trail your Stop loss repeatedly until your trailing Stop loss got hit and hence Exit your sell trade.
7. After Exiting the trade you have always option to re-enter at the next trailing Stop loss signal(red arrow) generated candle CLOSE and put your Stop loss at HIGH of that candle and repeat the same trailing stop loss procedures.
Disclaimer :-
*I am not a SEBI Registered Analyst and shall not be liable for any profit, loss or liability resulting, directly or indirectly from the use and results of the indicator. This is not a Holy Grail setup, sometimes the traders hit Stop loss and sometimes it gives amazing results as well.
Instructions to access to this invite-only script:-
*Send us a message if you wish to gain access to this indicator. The subscribers will get benefits of any future development or updates in the current script without any extra charges. Other trading style like swing and positional trading will also available in future updates.
ATR Trend FollowingThe script filters stocks on the basis of ATR. If the stock has moved above 7 times the ATR from the lows, the system generates buy signal and continues till the stock drops by 2 ATR. It is a good system in trending markets however in sideways consolidating markets, the system must be avoided. In trending markets it can generate good returns with significant Risk to Reward Ratio. Use it in confirmation with other trend depicting indicators is expected to generate better results.
Coral Trend Pullback Strategy (TradeIQ)Description:
Strategy is taken from the TradeIQ YouTube video called "I Finally Found 80% Win Rate Trading Strategy For Crypto".
Check out the full video for further details/clarification on strategy entry/exit conditions.
The default settings are exactly as TradeIQ described in his video.
However I found some better results by some tweaking settings, increasing R:R ratio and by turning off confirmation indicators.
This would suggest that perhaps the current confirmation indicators are not the best options. I'm happy to try add some other optional confirmation indicators if they look to be more effective.
Recommended timeframe: 1H
Strategy incorporates the following features:
Risk management:
Configurable X% loss per stop loss
Configurable R:R ratio
Trade entry:
Based on strategy conditions below
Trade exit:
Based on strategy conditions below
Backtesting:
Configurable backtesting range by date
Trade drawings:
Each entry condition indicator can be turned on and off
TP/SL boxes drawn for all trades. Can be turned on and off
Trade exit information labels. Can be turned on and off
NOTE: Trade drawings will only be applicable when using overlay strategies
Alerting:
Alerts on LONG and SHORT trade entries
Debugging:
Includes section with useful debugging techniques
Strategy conditions
Trade entry:
LONG
C1: Coral Trend is bullish
C2: At least 1 candle where low is above Coral Trend since last cross above Coral Trend
C3: Pullback happens and price closes below Coral Trend
C4: Coral Trend colour remains bullish for duration of pullback
C5: After valid pullback, price then closes above Coral Trend
C6: Optional confirmation indicators (choose either C6.1 or C6.2 or NONE):
C6.1: ADX and DI (Single indicator)
C6.1.1: Green line is above red line
C6.1.2: Blue line > 20
C6.1.3: Blue trending up over last 1 candle
C6.2: Absolute Strengeh Histogram + HawkEye Volume Indicator (Two indicators combined)
C6.2.1: Absolute Strengeh Histogram colour is blue
C6.2.2: HawkEye Volume Indicator colour is green
SHORT
C1: Coral Trend is bearish
C2: At least 1 candle where high is below Coral Trend since last cross below Coral Trend
C3: Pullback happens and price closes above Coral Trend
C4: Coral Trend colour remains bearish for duration of pullback
C5: After valid pullback, price then closes below Coral Trend
C6: Optional confirmation indicators (choose either C6.1 or C6.2 or NONE):
C6.1: ADX and DI (Single indicator)
C6.1.1: Red line is above green line
C6.1.2: Blue line > 20
C6.1.3: Blue trending up over last 1 candle
C6.2: Absolute Strengeh Histogram + HawkEye Volume Indicator (Two indicators combined)
C6.2.1: Absolute Strengeh Histogram colour is red
C6.2.2: HawkEye Volume Indicator colour is red
NOTE: All the optional confirmation indicators cannot be overlayed with Coral Trend so feel free to add each separately to the chart for visual purposes
Trade exit:
Stop Loss: Calculated by recent swing low over previous X candles (configurable with "Local High/Low Lookback")
Take Profit: Calculated from R:R multiplier * Stop Loss size
Credits
Strategy origin: TradeIQ's YouTube video called "I Finally Found 80% Win Rate Trading Strategy For Crypto"
It combines the following indicators for trade entry conditions:
Coral Trend Indicator by @LazyBear (Main indicator)
Absolute Strength Histogram | jh by @jiehonglim (Optional confirmation indicator)
Indicator: HawkEye Volume Indicator by @LazyBear (Optional confirmation indicator)
ADX and DI by @BeikabuOyaji (Optional confirmation indicator)
Moving Average Directional IndexMADX is ADX-inspired indicator with moving averages that determines strength of a trend, as well as its direction. Indicator works following:
As the value of MADX increases, so does the strength of a trend
If MADX+ ( green line - bullish MADX ) crosses above MADX- ( red line - bearish MADX ) we consider trend as bullish and vice versa..
There will be situations where MADX- and MADX+ cross multiple times in a short period of time -> that will mean that market indecision is happening and big move will most likely happen after it.
For the calculation of MADX+ and MADX- we need Moving Averages or Exponential Moving Averages with three specific sources ( high, close, low ).
Now, the calculation of each MADX will differ
=> for MADX+: Moving Average (high) / Moving Average (close)
=> for MADX-: Moving Average (close) / Moving Average (low)
Length of Moving Average is editable.
Directional Movement RibbonWhat makes this different from directional movement index?
The aim is to reduce the amount of data analysis necessary before taking action; currently using DMI requires reviewing the DM+ and DM- plots, and ADX as well as review the overall trend of each one. Also there is the final analysis to determine whether a strong trend hasn’t been established at all.
This indicator condenses the information found from the standard DMI into an intuitive colored ribbon that reveals direction and strength at a glance.
How to use it?
Review the ribbon for sentiment based on color, green being bullish and red being bearish, (if using default color scheme). The brightness of the color determines the strength of the sentiment, brightest being strongest. If no color is represented at all then it is due to weakness and/or lack of direction.
Features
All colors customizable
Toggle display of indecision areas
Adjust levels considered strong, weak trends
Which markets is this meant for?
This can be used in any market, though it’s recommended to use with liquid markets where direction and strength can be found often.
What conditions?
Recommend to utilize with key levels and most commonly utilized moving average periods such as 20, 50, 100 or 200.
Trend Surfers - Momentum + ADX + EMAThis script mixes the Lazybear Momentum indicator, ADX indicator, and EMA.
Histogram meaning:
Green = The momentum is growing and the ADX is growing or above your set value
Red = The momentum is growing on the downside and the ADX is growing or above your set value
Orange = The market doesn't have enough momentum or the ADX is not growing or above your value (no trend)
Background meaning:
Blue = The price is above the EMA
Purple = The price is under the EMA
Cross color on 0 line:
Dark = The market might be sideway still
Light = The market is in a bigger move
TTP Kent Strat PROKent Strat PRO trades breakouts using Bollinger Bands together with SuperTrend.
PRO features:
- 3commas bot alerts for long/short bots
- Custom JSON bots alerts
Features:
- Risk/reward ratio parameter
- Longs, shorts and combined positions.
- Breakout settings
- Trailing SL, trailing TP
- Use of latest candles to place the SL using a lookback parameter (how many candles to look back for a low/high price)
- Select your SL between the ATR trendline and the latest candle: the closest or furthest away value
- Show the trendline
- Backtest mode for accurate backtests
- Signal mode for live price accurate signals
- Date range backtesting
Filters:
- EMA 200 filter and timeframe selector. This filter can be used to trade with the trend: open longs on an uptrend and shorts on a downtrend.
- ADX filter using threshold. This filter can be used to filter entries where the trend is not very strong.
- ADX pointing up. ADX values pointing up and above certain threshold can improve entries.
- Relative volume filter based on the volume being X% above the MA of the Volume. Trading with volume can help filtering out bad trades.
Example setup:
1) pick BINANCE:ETHUSDT chart, 15 min chart
2) trade longs + shorts
3) pick ratio 3
4) trailing SL checked
5) trailing TP unchecked
7) stop loss "furthest"
8) candle loopback 30
9) BB period 21, dev 1, ATR filter on, atr period 5
10) EMA filter on, 15 min
11) ADX off
12) Volume filter on set to 60%
TTP Kent StratKent Strat trades breakouts using Bollinger Bands together with SuperTrend.
Features:
- Risk/reward ratio parameter
- Longs, shorts and combined positions.
- Breakout settings
- Trailing SL, trailing TP
- Use of latest candles to place the SL using a lookback parameter (how many candles to look back for a low/high price)
- Select your SL between the ATR trendline and the latest candle: the closest or furthest away value
- Show the trendline
- Backtest mode for accurate backtests
- Signal mode for live price accurate signals
- Date range backtesting
Filters:
- EMA 200 filter and timeframe selector. This filter can be used to trade with the trend: open longs on an uptrend and shorts on a downtrend.
- ADX filter using threshold. This filter can be used to filter entries where the trend is not very strong.
- ADX pointing up. ADX values pointing up and above certain threshold can improve entries.
- Relative volume filter based on the volume being X% above the MA of the Volume. Trading with volume can help filtering out bad trades.
Example setup:
1) pick BINANCE:ETHUSDT chart, 15 min chart
2) trade longs + shorts
3) pick ratio 3
4) trailing SL checked
5) trailing TP unchecked
7) stop loss "furthest"
8) candle loopback 30
9) BB period 21, dev 1, ATR filter on, atr period 5
10) EMA filter on, 15 min
11) ADX off
12) Volume filter on set to 60%
Directional Index Macro IndicatorWhat is This For?
The default settings for this indicator are for BINANCE:BTCUSDT and intended to be used on the 3D timeframe to identify market trends. This indicator does a great job identifying whether the market is bullish, bearish, or consolidating. This can also work well on lower time frames to help identify when a trend is strong or when it's reversing.
Directional Index Rate of Change
Core to this indicator is the rate at which DI+ and DI- are moving away or towards each other. This is called The Rate of Change (ROC). "The ROC length dictates how many bars back you want to compare to the current bar to see how much it has changed. It is calculated like this:
(source - source /source ) * 100"
The rate of change is smoothed using an EMA. A shorter EMA length will cause the ROC to flip back and forth between positive and negative while a larger EMA length will cause the ROC to change less often. Since the rate of change is used to indicate periods of 'consolidation', you want to find a setting that doesn't flip back and forth too often. Between the DI+ and DI- is a blue centerline. Offset from this centerline is a channel that is used to filter out false crosses of the DI+ and DI-. Sometimes, the DI+ and DI- lines will come together in this channel and cross momentarily before resuming the direction prior to the cross. When this happens, you don't want to flip your bias too soon. The wider the channel, the later the indicator will signal a DI reversal. A narrower channel will call it sooner but risks being more choppy and indicating a false cross.
Indicator Status Line
This indicator has 4 values in the status line (in order):
DI+
DI-
Distance between DI+ and DI-
DI Rate of Change ( how quickly are DI+ and DI- moving away or towards center )
Indicator Plots
This indicator plots DI+ (green), DI- (red), and a center channel between DI- and DI+. Across the top of the indicator, red and green triangles indicate the market trend while the background changes to show whether the price is in an impulse wave or consolidating. This makes up 4 possible scenarios:
Bullish impulse wave ( green triangle up + green background )
Bullish consolidation ( green triangle up + yellow background )
Bearish impulse wave ( red triangle down + red background )
Bearish consolidation ( red triangle down + yellow background )
Summary
Combined with support and resistance levels, volume, and your other favorite indicators, this can be a useful tool for validating that your entries are not going against the trend.
Disclaimer
This is not financial advice. Do not take trades only based on the DI+ and DI- crossing. Always use multiple indicators to validate your entries and never take a trade when you aren’t emotionally grounded. Have a plan. Stick to the plan.
The screenshot for this strategy is of a manual historical review of BTC on the 3 day chart. The indicator was built to try and mimic the chart above. You’ll see that it nails it sometimes, is a little late sometimes, and chops around between consolidation and impulse waves when it should stay in consolidation. Share your settings if you are able to improve the choppiness without sacrificing catching the reversals early.
