Cyatophilum Bands Definitive Edition

14 באפר׳ 2021

█ OVERVIEW

A Swing Trade indicator providing backtest and alerts which can be used as a long, short or reversal strategy.

Its main goal is to catch breakouts and huge moves, and to try and beat the Buy & Hold Return.


█ CONCEPTS

The strategy consists of a unique custom indicator that works like this:



A Smoothed Donchian Channel combined with a consolidation check will trigger an entry.
The entry is then guided by a faster channel used as a trailing stop.


█ HOW TO USE

The most effective way to use this indicator is on high timeframes, from 2H to 1D.
The recommended pairs are trending pairs with consolidation areas. Yes, I'm especially looking at crypto.

The first appproach would be to catch long and short breakouts, and ride the trend using the trailing stop.
Adjust the Bands wisely to trigger entries at the right time.



The second approach is to go longs only, and try to beat the Buy & Hold return.
For this, click "Go long" and use an order size of 100% equity. Then adjust the Bands, trailing stop and chart timeframe.
The Buy & Hold comparator will come handy when backtesting.




█ INDICATOR SETTINGS

Strategy Direction
Choose wether to go long only, short only or both directions.

Bands Configuration
The bands lookback, smoothing and consolidation % are used to change the behavior of the bands. More info in the settings tooltips.

Trailing Stop
The "speed" of the trailing stop can be configured, allowing more or less room for the price to move before exiting.

Volume Condition
In addition to the consolidation condition, you can add a volume check to your entry. Is the volume rising or not? Useful in most scenarios.

Exit Alert Type
If you want to receive alerts during bars or prefer to ignore wicks.

Backtest Settings
This is where you choose the backtest period which is also used to calculate the B&H return.

Graphics
The configuration panel with all the indicator settings backtest info.
The buy & Hold Comparator is an additional panel that turns green when the strategy's return is greater than the Buy & Hold return.
Note: The Strategy Return is the strategy netprofit + the strategy openprofit.


█ ALERTS

Configure your alert messages for all events in the indicator settings.
Then click "Add Alert". In the popup window, select the option "alert() function calls only", give the alert a name and you are good to go!


█ BACKTEST RESULTS

The backtest settings used in this snapshot are the following:

• Initial Capital: 10 000$
  
• Order size: 100% equity (It indeed compounds and this is intended since the main goal of the strategy is to compare to Buy & Hold return)
  
• Commission: 0.1%
  
• Slippage : 10 ticks
  

The Indicator settings used for this are shown in the main chart above.

20 ביוני 2021

הערות שחרור

Added new Backtest Results panel
You can disable it by going in the style tab -> tables, or by clicking the indicator setting "Backtest Results Table".
You can also change its size if you want to make it bigger or smaller.

It replaces the Buy & Hold Comparator

26 ביולי 2021

הערות שחרור

fix backtest closing orders with calc on every tick

2 בספט׳ 2021

הערות שחרור

Added a take profit feature with trailing TP and 2nd take profit target.
When TP is hit, the strategy will re-enter on the next consolidation + breakout signal.

2 בספט׳ 2021

הערות שחרור

Added alerts for TP 1 & TP 2

29 בספט׳ 2021

הערות שחרור

When the exit alert type is set to "once per bar", the backtest now properly exits inside bar, at the exact price of the trailing stop and at the same time as the alert, using a stop order.

22 בדצמ׳ 2021

הערות שחרור

Added a Trailing Stop Loss feature, indeed some losses could be prevented in case of reversal.

10 בינו׳ 2022

הערות שחרור

Small visual bug fix (when using once per bar exit type sometimes the trailing line was off)

20 במאי 2022

הערות שחרור

Added an option to switch from Donchian Channels to Bollinger Bands + another option to filter stronger breakouts based on Keltner channels.

11 באוג׳ 2022

הערות שחרור

Updated Alert text inputs. Now allows line returns!

19 באוג׳ 2022

הערות שחרור

Never miss a single breakout with the new 'Keltner' Band option!
Added Bands settings: Multiplicator and Offset

19 באוג׳ 2022

הערות שחרור

Updated config panel

24 באוג׳ 2022

הערות שחרור

Added tooltip
Removed multiplicator for DC channel
Fix some visual bug with Take Profit line continuing when SL was hit
Added custom order size setting

28 באוג׳ 2022

הערות שחרור

Added alert placeholders
All alerts:
{price} will return the close price
{ticker} symbol name without exchange prefix
{tickerid} symbol name with exchange prefix
Buy & Sell alert:
{TP}, {TP2}, {SL} will return the TP & SL prices

30 בספט׳ 2022

הערות שחרור

Added EMA Trendline as filter

8 בדצמ׳ 2022

הערות שחרור

• Inputs (quality of life)
  
• New ATR trailing stop option
  
• Backtest Table new design and options (colors, position)
  
• Added Alerts placeholders
  
• Plots (gradients, yay!)
  

19 בדצמ׳ 2022

הערות שחרור

bugfixes (backtest table, limit take profit)
- Added a take profit option to NOT take profit when the global trend is in our direction
- The strategy will no longer enter a trade immediately after take profit is hit

6 בינו׳ 2023

הערות שחרור

New inputs:
- Bands Timeframe: Make the Bands higher timeframe and go trade on lower timeframes without changing bands settings!
- Bands Source: Choose between 'Donchian', 'SMA' or 'EMA' to create your bands. Note that SMA and EMA are meant to be used with the new ATR and STDEV inputs but can work on their own!
- Add Standard Deviation to the Bands: This input replaces the previous 'Bollinger Bands' input, and allows more customisation.
- Add Average True Range to the Bands: This input replaces the previous 'Keltner Channels' input, and allows more customisation. Can be combined with the previous inputs!

Bug fixes:
Only graphical fixes within the backtest panel: open profit % is now correct!

New plot: Take Profit EMA used for Trend condition (option released in a previous update)

29 בינו׳ 2023

הערות שחרור

Bugfixes: Backtest settings period input for trades.

11 במרץ 2023

הערות שחרור

Added the option "Entry alert type"

23 ביוני 2023

הערות שחרור

Updated Trailing Stop line, reduces drawdown and trails the price better!

4 בינו׳

הערות שחרור

Added new features:
Strategy Direction
- reverse order option

Bands Settings
- Range Filter
Prevents fakeouts from previously touched support/resistance (recommended)
- Trend Filter
Creates a MTF pivot to filter trades (recommended)

Stop Loss
- Mode 'Auto', '%', 'pips', 'ATR'.
- Trailing Stop Loss Mode 'Classic', 'ATR', MTF.

Take Profit
- Mode '%', 'pips', 'Auto'.

Alerts
- Take Profit, Exit and Stop loss alerts are all grouped into a single 'EXIT' alert for easier setup.

19 בינו׳

הערות שחרור

Fix of the reverse orders feature

24 בינו׳

הערות שחרור

Backtest Panel: added ATH buy and hold, which is the maximum return a holder can get if he sold at ATH. Useful to compare with your strategy returns, because the buy and hold captured at the end of a bear market is easier to beat.

Added ATR settings for the trailing stop.

29 בינו׳

הערות שחרור

Fix "once per bar" bands exit condition

13 בפבר׳

הערות שחרור

The faster exit band is improved to better adapt to the type of bands used, (donchian, true range, standard deviation..)
Added ATR settings for stop loss start price

17 בפבר׳

הערות שחרור

Added alert messages for Long & Short TP / SL, in case the unique exit alert wasn't enough.

13 במרץ

הערות שחרור

Bug fixes

14 במרץ

הערות שחרור

Fixes:
- "long/short sl alert type" input
- "exit alert (faster band)" replaces "exit all" alert

31 במאי

הערות שחרור

Added MTF Trend Filters:
'EXTERNAL', 'Tilson T3', 'Adaptive Tilson T3', 'EMA', 'SMA', 'WMA', 'HULL MA', 'Adaptive HULL MA', 'KAMA', 'ALMA', 'RMA', 'SWMA', 'VWMA','SMMA','VIDYA','FRAMA','DEMA'.

Added NASDAQ/BTC.D Filters.

• Add a filter for long: do not enter when NASDAQ/BTC.D are falling.
  
• Add a filter for long: only enter when NASDAQ/BTC.D are rising.
  

18 ביולי

הערות שחרור

Added entry options "rebounds/bounce entries on pivot supports"
- Pick a higher timeframe (for ex 5 days)
- select which supports to enable (ex S2 to S5)
In contrary to the breakouts, the rebound entry can only happen when price is not consolidated.
The rebound entries are affected by the Nasdaq/BTC.D filter.

These rebounds do not happen often but give great buy opportunity.
Long only (for now)

6 באוג׳

הערות שחרור

• Fixed a repainting issue with the nasdaq/BTC.D filter
  
• Code optimisation
  

6 באוג׳

הערות שחרור

• Added a "Fast & Simple" Graphics mode to further reduce loading time and chart graphics
  

6 באוג׳

הערות שחרור

• Added Alert tutorial label
  

21 באוג׳

הערות שחרור

Updated Backtest Panel

• Increased readability
  
• Added tooltips
  

21 בספט׳

הערות שחרור

• Pivot rebounds will now trigger a short exit event when shorts enabled
  
• Inputs clarification