Sorry I have had trouble getting the TradingView to point to the "Alerts" script instead of the "Backtest".
This is the Alerts part of this pair of Scripts. This part creates alerts to be picked up by the Chrome Add-on.
הערות שחרור
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Resolve Issues
Resolve issue with Orange Close alerts not showing up in the TradingView alarm notifications when using Candlestick Charts.
Resolve issue with multiple Long/Short signals before Close by better use of the "tradeState" engine to keep control. This also made some of the Risk Management Code simpler.
הערות שחרור
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Update Docs, Redesigned TSL for easier reading
This is an implementation of a strategy based on two MA Ribbon, a Fast Ribbon and a Slow Ribbon. The strategy revolves around a pair of scripts: [Alerts] to generate alerts signals for Autoview and [BackTest] for Backtesting, to tune your settings.
Trade Management options:
Option to specify a Strategy start and end time [BackTest] script only.
Trailing Stop Level, TSL (as % of price), activated on open trade
Target Profit Level, TP (as % of price)
Trailing Profit Level, TTP (as % of price below/above TP), activated on price passing TP Level
Stop Loss Level, SL (as % of price)
LONG green triangles and SHORT dark red triangles
Trade Order closed colour coded Labels: > Dark Red = Stop Loss Hit > Green = Target Profit Hit > Purple = Trailing Stop Hit > Orange = Opposite (Sell) Order Close
Trade Management Indication:
TSL = Fuschia solid stepping line
TP = Lime '+' line
TTP = Black solid stepping Line.
SL = Red '+' line
Dealing With Renko Charts:
If you choose to use Renko charts, make sure you have enabled the "IS This a RENKO Chart" option, (I have not so far found a way to Detect the type of chart is running).
If you want non-repainting Renko charts you MUST use TRADITIONAL Renko Bricks. This type of brick is fixed and will not change size.
Also use Renko bricks with WICKS DISABLED. Wicks are not part of Renko, the whole idea of using Renko bricks is not to see the wick noise.
Set you chart Time Frame to the lowest possible one that will build enough bricks to give a reasonable history, start at 1min TimeFrame. Renko bricks are not dependent on time, they represent a movement in price. But the chart candlestick data is used to create the bricks, so lower TF gives more accurate Brick creation.
You want to size your bricks to divide the pair price by 500, so for ETHBTC the price is say 0.0805 then your Renko Brick size should be about 0.0805/500 = 0.0002 (round up).
You may find there is some slippage in value, but this can be accounted for in the Backtest by setting your commission a bit higher, for example I use 0.2 - 0.3 for Binance.
Autoview alert syntax: ---------------------------- NOTE: This assumes you are trading coins BUY and SELL orders on the Binance Exchange WARNING***Only use Autoview to automate a strategy after you've sufficiently backtested and forward tested the strategy. You can learn more about the syntax here [url=autoview.with.pink/ ]autoview.with.pink/ and you can watch this video here: https://www.youtube.com/watch?v=epN5Tjinuxw
For the trade opens you will want to trigger BUY orders on LONGS (eg ETHBTC) with alert option "Once Per Bar Close" and SELL orders on SHORTS (eg BTCUSDT) > b=buy q=0.0011 e=binance s=ethbtc u=currency t=market ( LONG ) > or b=sell q=0.0011 e=binance s=btcusdt t=market ( SHORT )
For the trade closes you will want to trigger these alerts on condition with alert option "Once Per Bar" to get the quickest close. "Once per Bar Close" can also be used. (NOTE: with Renko you can only use "Once Per Bar Close" option) > b=sell q=99% e=binance s=ethbtc t=market ( CLOSE LONGS ) > or b=buy q=99% e=binance s=btcusdt u=currency t=market ( CLOSE SHORTS )
NOTE: Most of my testing was conducted on Renko Charts, I do not have any optimised settings for normal Candlestick charts, I have left that for fellow Traders to discover.
can use this indicator cryptocurrency and tell me your time in which time frame will be the best.
I am brand new to trading and I have never seen a better indicators than you.
inayet
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Dear JustUncleL, thank you very much for your hard work.
Can you change the "close long" to "takeprofit long and stop lost long" instead of "close long" in the indicator. For me.
Abed430
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thanks, uncle
trdtoro
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hi i like this script but not understood when a signal appears, can you explain in what condition appears the signal ?
Avitrr
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Hey! Does TradingView provide seconds based renko charts under premium subscription ?
JustUncleL
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@Avitrr, Yes it does, however, you are still limited to 20,000 timed bars to build Renko bricks from. So if you started with a 1sec chart and 5pip brick, then you probably will only get a few days worth of bricks.
I am brand new to trading and I have never seen a better indicators than you.