Trend Navigator - Bulls Eye - Options Trade# GN-CE-PE State Engine
## Overview
GN-CE-PE State Engine is a market participation and synchronization tool designed to help traders assess directional conviction across multiple related instruments.
The indicator monitors the relationship between:
* Gift Nifty
* At-The-Money Call Options
* At-The-Money Put Options
and transforms their combined behavior into a set of actionable market states.
Rather than analyzing a single chart in isolation, the engine focuses on whether bullish or bearish participation is developing in a coordinated manner across the underlying market and its options.
---
## Market States
### Bull Trend
Indicates broad bullish participation and directional alignment across the monitored instruments.
---
### Bear Trend
Indicates broad bearish participation and directional alignment across the monitored instruments.
---
### Reset
Represents a pause, pullback, or temporary loss of momentum within an existing directional move.
This state can help traders identify periods where the market is rebalancing before a potential continuation.
---
### CE Ready
Highlights conditions where bullish participation is strengthening and directional alignment is improving.
---
### PE Ready
Highlights conditions where bearish participation is strengthening and directional alignment is improving.
---
## Dashboard
The built-in dashboard provides a real-time summary of:
* Market bias
* Participation strength
* Momentum state
* Directional alignment
* Confidence score
* Current market condition
This allows traders to quickly assess market structure without switching between multiple charts.
---
## Confidence Score
The confidence score reflects the degree of alignment between the monitored instruments.
Higher scores suggest stronger participation and greater directional agreement, while lower scores often indicate mixed conditions or transitional phases.
The score is intended as a contextual aid and should not be used as a standalone trading signal.
---
## Alerts
The indicator includes alert conditions for:
* CE Ready
* PE Ready
allowing traders to monitor potential opportunities without continuously watching the chart.
---
## Recommended Usage
GN-CE-PE State Engine is designed to complement the **Trend Navigator - BullsEye** indicator.
Suggested workflow:
### Step 1
Use **Trend Navigator - BullsEye** to determine the prevailing market structure and directional bias.
### Step 2
Use **GN-CE-PE State Engine** to evaluate whether participation across the underlying market and options is supporting that directional view.
### Step 3
Focus on opportunities where both indicators are aligned.
This combination helps traders distinguish between isolated price movements and moves that are supported by broader market participation.
---
## Notes
* Designed primarily for intraday market analysis.
* Option symbols should be updated to match the active trading series.
* Intended as an analytical and decision-support tool.
* Not financial advice.
## Disclaimer
This indicator is intended for educational and analytical purposes only. It is designed to assist traders in evaluating market participation, directional alignment, and market structure across the monitored instruments.
The indicator does not predict future price movements and should not be considered a recommendation to buy, sell, or hold any financial instrument. All trading decisions should be made using independent analysis, proper risk management, and personal judgment.
Past market behavior does not guarantee future results. Users are solely responsible for their trading decisions and any resulting gains or losses. Indicator
Relative Strength Pullback Map [AGPro Series]Relative Strength Pullback Map
🧠 Core Idea
Is the pullback happening while the asset remains a relative leader against its benchmark?
📌 Overview / What it does
Relative Strength Pullback Map is a benchmark-relative price-action tool built to study whether an asset is pulling back from strength or breaking down into weakness.
The script compares the active symbol against a selected benchmark, builds a relative-strength baseline, evaluates leader status, measures pullback depth, maps a pullback pocket, marks the recovery rail, and summarizes the full context inside a compact AG Pro panel.
It does not predict future price, automate trades, or claim that every leader pullback must recover. It is a structured decision-support map for reading relative strength, benchmark leadership, pullback health, recovery readiness, and relative breakdown risk.
🎯 Purpose & Design Philosophy
Pullbacks are not all equal.
Some pullbacks happen while the asset continues to outperform its benchmark.
Other pullbacks happen because relative strength is already breaking down.
This script was built to separate those two conditions. The design goal is to help traders identify whether a pullback belongs to a still-strong relative leader or a weakening laggard.
⚡ Why This Script Is Different
Most pullback tools focus only on price.
Most relative-strength tools focus only on the ratio line.
This script does NOT treat pullback quality and relative strength as separate ideas.
Instead, it combines benchmark-relative leadership, price pullback depth, trend shelf behavior, recovery rail reclaim, and relative breakdown risk into one visual map.
The focus is not only whether price pulled back.
The focus is whether the asset remained a leader while pulling back.
⚙️ Methodology
1. Benchmark Comparison
The script compares the active symbol against a selected benchmark using a relative-strength ratio.
2. Relative Strength Baseline
The ratio is smoothed into a baseline so leadership can be evaluated against its own recent behavior.
3. Leader Status Scoring
Leader status combines relative-strength distance, relative-strength slope, and price trend structure.
4. Pullback Depth Measurement
The script measures how far price has pulled back from the recent high using ATR-normalized depth and percentage depth.
5. Pullback Pocket Mapping
The pullback pocket is mapped between the fast recovery rail and the deeper trend shelf.
6. Recovery Evaluation
The script checks whether price is reclaiming the recovery rail while relative strength remains constructive.
7. Visual Output
The chart displays the pullback pocket, recovery rail, relative-strength rail, leader/laggard labels, right-side context tags, alerts, and a compact AG Pro panel.
🗺️ How to Read the Chart
Relative Pullback Pocket = the area where a leader pullback can remain structurally constructive.
Recovery Rail = the fast trend rail used to evaluate whether price is starting to recover from the pullback.
RS LEADER tag = the active symbol is outperforming the selected benchmark with constructive relative strength.
PULLBACK tag = the current pullback depth measured in ATR.
LEADER PULLBACK = the asset remains a relative leader while pulling into a meaningful pullback area.
RS HOLD = relative strength remains constructive during the pullback.
RECOVERY READY = price reclaimed the recovery rail while relative strength remained constructive.
RS BREAK = relative strength weakened or price broke the deeper pullback shelf.
Panel = summarizes relative state, quality score, leader status, pullback depth, recovery trigger, benchmark, and next context.
🚦 Signals & States
• LEADER PULLBACK → the asset remains a relative leader while pulling back.
• RS HOLD → relative strength is still holding during the pullback.
• RECOVERY READY → price reclaimed the recovery rail with constructive relative strength.
• RS BREAK → relative strength weakened or the pullback shelf broke.
• LAGGARD RISK → price is pulling back while the asset is no longer a clear relative leader.
🔔 Alerts Logic
Alerts can trigger when a leader pullback appears, relative strength holds, recovery becomes ready, or relative breakdown appears.
These alerts are attention markers only.
They are not trade instructions, entry signals, exit signals, or guaranteed outcomes.
🧩 Confluence Logic
The context becomes stronger when the active symbol remains above its relative-strength baseline, relative-strength slope is constructive, pullback depth is meaningful but not too deep, and price starts reclaiming the recovery rail.
The context becomes weaker when relative strength drops below its baseline, the slope turns down, or price breaks below the deeper trend shelf.
📊 When to Use
• During trend pullbacks
• When comparing an asset against a benchmark
• In crypto rotation analysis
• In stock or ETF relative-strength review
• When looking for leader pullbacks rather than weak pullbacks
• When filtering pullbacks by benchmark-relative performance
⚠️ When NOT to Use
• On symbols with poor benchmark fit
• During extremely noisy sideways markets
• In low-liquidity markets with unreliable candles
• When benchmark data is missing or unsuitable
• As a standalone buy or sell system
🎛️ Key Inputs
• Benchmark Symbol → defines the market used for relative comparison.
• Relative Strength Baseline → controls the smoothing length of the RS ratio.
• RS Slope Lookback → controls how relative-strength direction is evaluated.
• Minimum Leader Score → controls how strict leader classification should be.
• Fast Trend Length → controls the recovery rail.
• Slow Trend Length → controls the deeper pullback shelf.
• Pullback Lookback → controls the recent high used to measure pullback depth.
• Maximum Healthy Pullback ATR → controls when a pullback becomes too deep.
• Label and Panel Font Size → controls chart readability.
🖥️ Interface & Visual Design
The visual design is built around one question:
Is this still a leader pullback?
The pullback pocket shows the structural area, the recovery rail marks the reclaim reference, the relative-strength rail keeps benchmark context visible, the labels mark state changes, and the AG Pro panel summarizes the current decision context.
🧪 Practical Usage Workflow
1. Select an appropriate benchmark.
2. Read the panel first.
3. Check whether the asset is a relative leader.
4. Review pullback depth.
5. Look at the pullback pocket.
6. Watch whether price reclaims the recovery rail.
7. Confirm the broader market structure independently.
🔍 Interpretation Guidelines
A leader pullback means the asset is pulling back while still holding relative strength.
An RS hold means relative leadership has not broken yet.
Recovery ready means price has started reclaiming the recovery rail while relative strength remains constructive.
An RS break means the pullback may no longer be a clean leader pullback.
None of these states guarantee what happens next.
🚫 What This Script Is NOT
This script is not a prediction engine.
It is not a financial advice tool.
It is not an automated trading system.
It does not guarantee recovery after a leader pullback.
It does not guarantee that relative leaders will continue outperforming.
It does not replace risk management or independent analysis.
⚠️ Limitations & Transparency
Relative strength depends heavily on benchmark selection.
Different benchmarks may produce different interpretations.
Different timeframes may show different relative-strength states.
Fast markets can move through the pullback pocket quickly.
Sideways markets may create unclear relative-strength readings.
🧠 Market Context Notes
Relative strength is most useful when combined with structure, trend, volatility, and market regime.
A pullback in a relative leader can be constructive if leadership remains intact.
A pullback with relative breakdown is a weaker context and should be interpreted with caution.
Benchmark choice matters: crypto pairs may use BTCUSDT, stock charts may use SPY, sector ETFs, or another relevant benchmark.
🧾 Use Case Examples
When ETH pulls back while still outperforming BTC, the script can identify whether the pullback remains constructive or starts losing relative strength.
When a stock pulls back against SPY but relative strength holds above baseline, the script can highlight a leader pullback context.
When price breaks the pullback shelf while RS weakens, the script can flag relative breakdown risk.
🧱 System Philosophy
Relative Strength Pullback Map is part of the AGPro Series approach:
Build visual tools that explain market context clearly, avoid hype, avoid prediction claims, and support structured decision-making.
The goal is not to tell users what to do.
The goal is to help users see whether a pullback belongs to a strong leader or a weakening asset.
🔐 Non-Promise Statement
No script can remove uncertainty from trading.
This tool does not promise accuracy, certainty, profitability, or future performance.
📉 Risk Disclosure
Trading involves risk.
Market conditions can change quickly.
Users are responsible for their own decisions, position sizing, risk management, benchmark selection, and interpretation.
This script is for educational and analytical purposes only and does not provide financial advice.
📚 Educational Note
Use this script as a structured way to study relative strength, benchmark leadership, pullback depth, and recovery context.
The most valuable output is not a single label.
The value is the full map: relative state, leader status, pullback pocket, recovery rail, and next context.
Indicator
Pullback Acceptance Planner [AGPro Series]Pullback Acceptance Planner
🧠 Core Idea
Is the current trend pullback being accepted as continuation, or rejected as failure?
📌 Overview / What it does
Pullback Acceptance Planner is a public-free PulseWire planner built to evaluate one specific decision point: the moment price pulls back into a trend-support area and the trader needs to know whether the retracement is being accepted or rejected.
The script maps a live pullback acceptance pocket, accepted/rejected state labels, an invalidation risk shelf, a target-room band, and a clean AGPro decision panel. It converts pullback depth, close acceptance, trend support, volume behavior, invalidation distance, and target room into a 0-100 Acceptance Score.
It does not predict price direction, automate entries, or label every small retracement. Its purpose is to make the pullback review process cleaner, more visual, and more decision-focused.
🎯 Purpose & Design Philosophy
This script was built because many pullback tools stop at showing where price touched a moving average, trend line, or generic zone. That is not enough for a trader who needs to decide whether the pullback is still constructive.
Pullback Acceptance Planner fills that gap by focusing on acceptance behavior after the pullback reaches the planning pocket. It helps traders review trend-side support, close quality, participation, risk distance, and remaining room in one structured view.
The mindset is practical: do not chase every pullback, and do not treat every retracement as a signal. Wait for the pullback to show whether it is being accepted or rejected.
⚡ Why This Script Is Different
Most pullback tools focus on moving-average touches, simple continuation markers, or generic trend-risk labels.
This script does NOT clone Low Volume Pullback Zones, Trend Pullback Risk Planner, Opening Drive Quality, SuperTrend pullback tools, or broad continuation dashboards.
Instead, it answers a narrower question: after price enters a general trend pullback pocket, is the close behavior strong enough to call the pullback accepted, or is the invalidation shelf being lost?
That acceptance-first framing is the core identity of the script.
⚙️ Methodology
1. Context Detection
The engine reads EMA stack alignment, base EMA slope, ATR structure, and the selected planning side to determine whether a bullish or bearish pullback context is active.
2. Reference Mapping
The script builds a pullback acceptance pocket around the base EMA, then maps an invalidation risk shelf behind the pocket and a target-room band toward the nearest prior obstruction.
3. Reaction Evaluation
The 0-100 Acceptance Score evaluates pullback depth, close acceptance beyond the pocket edge, trend support, volume behavior, invalidation distance, and target room.
4. Visual Output
The chart displays the acceptance pocket, risk shelf, target-room band, compact state labels, alerts, and a five-row AGPro planner panel.
🗺️ How to Read the Chart
Zones = the pullback acceptance pocket, invalidation risk shelf, and target-room band.
Labels = current state changes such as PB ACCEPTED, PB REJECTED, ACCEPT WATCH, ROOM REVIEW, or PB FORMING.
Colors = bullish acceptance uses teal, bearish acceptance uses pink, watch/room review uses yellow or indigo, and rejection uses red.
Panel = the decision summary: Pullback State, Acceptance Score, Risk Edge, Room, and Action.
🚦 Signals & States
• PB ACCEPTED → price closed beyond the active pullback pocket with enough score quality.
• ACCEPT WATCH → pullback context is improving but still needs cleaner confirmation.
• ROOM REVIEW → acceptance quality exists, but nearby obstruction leaves limited target room.
• PB FORMING → price is inside or near the pocket and the planner is still building context.
• PB REJECTED → price crossed the invalidation shelf and the active pullback context failed.
• TREND WAIT / NO PULLBACK → there is no active pullback acceptance context to review.
🔔 Alerts Logic
Alerts trigger when a bullish or bearish pullback reaches accepted state, when acceptance watch appears, when target room needs review, when the pullback is rejected, or when a major follow-through event appears after acceptance.
Alerts are attention markers. They are not trade instructions.
🧩 Confluence Logic
The context becomes stronger when trend side, clean pullback depth, constructive close acceptance, controlled or recovering volume, reasonable invalidation distance, and sufficient target room align at the same time.
The score is intentionally multi-factor so a single moving-average touch cannot create a high-quality state by itself.
📊 When to Use
• Trending markets with clean retracements
• Swing or intraday continuation review
• Markets where pullback behavior matters more than raw trend direction
• Crypto, forex, stocks, indices, and commodities with enough liquidity
• Situations where a trader wants an invalidation reference and target-room read before acting
⚠️ When NOT to Use
• Very low-liquidity symbols
• Extremely noisy sideways chop
• News-driven spikes where ATR and trend structure distort quickly
• Ultra-low timeframes with unstable spread or poor execution quality
• Markets where price repeatedly crosses the base EMA without directional structure
🎛️ Key Inputs
• Planning Side → chooses Auto, Bullish Pullback, or Bearish Pullback.
• Sensitivity → changes trend strictness and scoring behavior.
• EMA Lengths → define the trend stack and acceptance pocket anchor.
• ATR Length → normalizes pocket width, labels, risk shelf, and target room.
• Pullback Review Window → controls how long a pocket touch remains active.
• ACCEPTED Threshold → sets the minimum score for accepted-state labels.
• Label / Panel Settings → control visibility, location, theme, font size, label size, and label density.
🖥️ Interface & Visual Design
The interface is chart-first. The main chart objects are the acceptance pocket, risk shelf, and target-room band, each with centered text when displayed.
The panel uses the AGPro standard: one merged blue header row containing only the script name, followed by five decision rows. The layout is intentionally compact so the chart stays premium, readable, and useful on first glance.
🧪 Practical Usage Workflow
1. Read the panel to identify Pullback State and Acceptance Score.
2. Check whether price is inside, above, or below the acceptance pocket.
3. Review the invalidation risk shelf before interpreting an accepted state.
4. Check the target-room band to see whether the path is open or obstructed.
5. Treat labels and alerts as review markers, not automatic trade decisions.
🔍 Interpretation Guidelines
A higher score means the pullback has cleaner depth, stronger close behavior, better trend support, healthier volume behavior, more reasonable invalidation distance, and better room.
An accepted label means the pullback has met the script's rule-based acceptance conditions. It does not mean price must continue.
A rejected label means the pullback context failed according to the invalidation shelf. It does not mean the market must reverse.
🚫 What This Script Is NOT
• Not a prediction engine
• Not financial advice
• Not auto trading
• Not guaranteed signals
• Not a generic support/resistance zone tool
• Not an order block, FVG, or broad SMC map
⚠️ Limitations & Transparency
• Timeframe differences can change how clean the pocket and score appear.
• Volatility expansion can widen risk and distort close acceptance.
• Low-liquidity markets can make volume behavior less reliable.
• Strong news candles can cross both pocket and target references too quickly.
• The script uses rule-based approximations, not future knowledge.
🧠 Market Context Notes
Pullback acceptance often depends on whether price can return toward trend support without losing structure. A constructive pullback usually keeps risk contained, avoids aggressive countertrend volume, and then shows acceptance through the pocket edge.
This script turns that process into a visual planner so the user can review risk, room, and state in one place.
🧾 Use Case Examples
When a bullish trend pulls back into the acceptance pocket, the script may print ACCEPT WATCH first. If price later closes above the pocket edge with enough score quality, the state can shift to PB ACCEPTED.
When a bearish trend rallies into the pocket but then closes back below the acceptance edge, the script can mark bearish acceptance. If price crosses the invalidation shelf instead, the state shifts toward rejection.
🧱 System Philosophy
Pullback Acceptance Planner follows the AGPro planner-style direction: the chart should not only show another signal. It should help the trader evaluate setup validity, strength, risk, target room, and next action.
🔐 Non-Promise Statement
No script can provide certainty.
No score can guarantee outcome.
This tool is designed for structured review and educational analysis.
📉 Risk Disclosure
Trading involves risk. Market conditions can change quickly, and historical or rule-based signals do not guarantee future results.
Users are responsible for their own analysis, risk management, and decisions.
This script does not provide financial advice.
📚 Educational Note
Use the script to study how pullbacks behave around trend support, invalidation shelves, and target-room constraints. The best value comes from comparing the planner state with broader market context.
Indicator
Crownmark Allocation Engine [JOAT]Crownmark Allocation Engine
Introduction
Crownmark Allocation Engine is an open-source PulseWire strategy that integrates regime classification, adaptive trend corridors, auction-value context, pressure confirmation, divergence suppression, and ATR-based trade management into one non-repainting framework. Its purpose is not to maximize signal count. Its purpose is to require multiple independent layers to agree before risk is deployed.
The problem this strategy solves is overcommitting to one analytical dimension. Trend alone can be late. Pressure alone can be noisy. Divergence alone can fire too early. Auction context alone does not create an entry. Crownmark combines those ideas so that entries occur only when broader regime, local structure, value position, and internal participation are aligned.
Core Concepts
1. Regime Filter First
The strategy begins with a composite regime score built from fast/slow EMA displacement, ADX strength via `ta.dmi()`, efficiency, volatility expansion, and trend slope. If the regime is not sufficiently directional, the strategy does not permit an entry.
2. Adaptive Corridor Pullback Entry
Once regime bias is directional, price must also align with an adaptive KAMA-based corridor. Longs require bullish corridor structure and a pullback that remains constructive relative to the baseline and inner band. Shorts require the mirror condition on the downside.
3. Auction and VWAP Context
Price must be positioned acceptably relative to a rolling value area and rolling VWAP. This is intended to keep entries from triggering in structurally poor locations when the rest of the model is favorable.
4. Pressure Confirmation and Divergence Guard
The strategy uses an effort-versus-result style pressure model to require directional initiative at the moment of entry. It also suppresses entries when recent confirmed divergence argues against the trade direction.
5. Managed Exits
Open positions use ATR-based stop loss and take profit levels, plus a trailing logic anchored to the adaptive baseline. Positions can also be closed by context failure, by opposite signal, or by maximum bar duration in trade.
Features
Composite regime filter: Trend, ADX, volatility, slope, and efficiency must support the direction
Adaptive corridor entries: Uses a KAMA baseline with hybrid ATR/stdev width
Auction location filter: Requires acceptable relation to rolling value area and VWAP
Pressure confirmation: Requires directional effort-versus-result support
Divergence suppression: Recent opposing divergence can block new entries
ATR-based risk management: Stop, target, and trailing logic
Context exits: Positions can flatten when regime or pressure collapses
Dashboard summary: Regime, corridor, auction, pressure, divergence, exposure, and regime score
Default Strategy Properties
Initial Capital: 100000
Order Size: 10% of equity
Pyramiding: 0
Commission: 0.01%
Order Processing: on close
calc_on_every_tick: false
Input Parameters
Regime Engine:
Fast/Slow regime lengths
ADX length
Volatility length
Efficiency length
Bull and bear regime thresholds
Trend Corridor:
Baseline length
KAMA fast and slow parameters
Width length
Width multiplier
Pullback tolerance
Auction Context:
Auction lookback
Value area width
Auction acceptance toggle
VWAP alignment toggle
Risk Management:
ATR length
Stop ATR multiple
Target ATR multiple
Trail ATR multiple
Maximum bars in trade
Flatten on opposite signal toggle
How to Use This Strategy
Step 1: Verify the Market Type
If the regime score is near balance, the strategy is intentionally selective. Crownmark is designed for directional conditions more than rotational ones.
Step 2: Let the Entry Layers Stack
An entry requires regime, corridor, auction, pressure, and divergence conditions to agree. If one layer is missing, the strategy waits.
Step 3: Respect the Exit Logic
The strategy uses both price-based and context-based exits. A position can close because the stop or target was reached, but it can also close because the original trade thesis has weakened.
Step 4: Review Results in Context
Do not evaluate the strategy by win rate alone. Regime selectivity, trade duration, average excursion, commission sensitivity, and the instrument being tested all matter.
Strategy Limitations
This strategy uses bar-close logic and does not replicate intrabar execution behavior
The rolling auction model is a simplified proxy and not a full market profile engine
Divergence suppression can skip trades that later work, by design
Different assets and timeframes may require threshold tuning to remain realistic
Originality Statement
Crownmark Allocation Engine is original in how it combines regime scoring, corridor structure, auction-value location, pressure confirmation, and divergence suppression into one coordinated execution model. The strategy is not a basic trend-following template with cosmetic additions. Each layer has a distinct analytical role, and entries are only allowed when those layers support one another.
Disclaimer
This strategy is provided for educational and informational purposes only. It is not financial advice and does not imply future performance. Backtest results depend heavily on instrument, timeframe, execution assumptions, and historical conditions. Use realistic expectations, confirm settings carefully, and apply sound risk management.
Strategy
Strategy
Indicator
Indicator
Indicator
Indicator
Indicator
Indicator
Indicator
Indicator
Swing Trades Validator - The One TraderThis swing trading strategy validator is built on the original strategy taught in my bootcamp for swing traders.
The strategy is simple and follows a trend trading pattern on prices reacting to Exponential Moving Averages over a multiple time-frame analysis.
The details of the strategy are as follows:
- Holding Period : Upto a couple of months
- Time-frames to be analysed : Month - Week - Day
- Trade Execution : Daily Time-frame
Analysis Details:
Step 1 : On the Monthly time-frame, the candle needs to be bullish with the latest close being higher than the opening price of the month.
Step 2 : The price needs to be above the 8ema on the Monthly time-frame.
Step 3 : The 8ema must be above the 20ema on the Monthly time-frame.
The above steps indicate a bullish strength in the instrument on the Monthly time-frame.
Step 4 : On the Weekly time-frame, the candle needs to be bullish with the latest close being higher than the opening price of the week.
Step 5 : The price needs to be above the 8ema on the Weekly time-frame.
Step 6 : The 8ema must be above the 20ema on the Weekly time-frame.
The above steps indicate a bullish strength in the instrument on the Weekly time-frame.
Step 7 : On the Daily time-frame, the candle needs to be bullish with the latest close being higher than the opening price of the day.
Step 8 : The price needs to be above the 8ema on the Daily time-frame.
Step 9 : The 8ema must be above the 20ema on the Daily time-frame.
The above steps indicate a bullish strength in the instrument on the Daily time-frame.
Step 10 : While the 8ema is above the 20ema on the Daily time-frame, the price must be allowed to rise before a pullback is seen towards the moving averages, indicating a bearish move trying to change the trend.
Step 11 : These pullback candles need to form a pattern called the Ring Low with the second pullback candle having a lower high and lower low and the low of the last pullback candle being lesser than or equal to the fat ema on the Daily time-frame.
Step 12 : If the stock is still bullish and the trend is displaying a strength in the underlying bullish direction, then there will be a resumption candle that will have a closing price higher than the previous day's high price.
This trend continuation signal is a confirmation that the instrument will continue in the underlying trend direction and we will be able to enter if this condition is satisfied.
The profit and loss percentages are set at a default 10% as this can be a minimum risk : reward for swing trades on average, but the inputs have been made available to the users in order to adjust the risk : reward to find the most optimum breathing room for each individual stock or instrument. This will give the user a highly custom overview of the strategy on individual instruments based on their volatility and price movements.
The strategy tester will auto back-test this strategy historically and find all the trades that were taken based on this strategy and populate a performance summary.
The most important data in V1.0 of this script are as follows:
1. No. of Trades Taken : We want to see many trades being taken on this strategy in that particular instrument. This shows us a healthy report on the number of winning vs. losing trades.
2. Percentage Profitable : We want to see that this strategy has worked out in the past and is giving us a high probability of return. This in no way an indication that the strategy will definitely work out in the future as well, but gives us an idea of whether or not we should enter this trade.
3. No. of Winning Trades vs. Losing Trades : We would like to see a significantly higher number of winning trades.
4. Avg. # of bars in a trade : This gives us an idea of how long on average we might have to wait to see the results of this strategy either in favor of our reward or against our desired direction. Some trades can be completed in around 15-20 bars on average and some trades have shown to take upto 45 days to reach desired reward. This is in line with our planned holding period, but gives the trader a sense of time and increased level of patience.
The future updates will have more utility of the various elements of the strategy tester and the entire exit strategy will be integrated into the script.
This script is not to be used as a standalone method and must be studied well in order to execute trades. I have not hidden visibility on other time-frames, but since order execution is done on the Daily time-frame, the script must run on the Daily time-frame only.
There are many other factors to be taken into consideration before entering a trade and proper risk management and position sizing rules must be followed.
Our bootcamp participants will use this strategy tester in conjunction with the invite-only Trading Toolkit assigned to them.
The development of this script will be ongoing and all comments and feedback are welcome. Strategy
Indicator
Zigzag Trend/Divergence DetectorPullbacks are always hardest part of the trade and when it happen, we struggle to make decision on whether to continue the trade and wait for recovery or cut losses. Similarly, when an instrument is trending well, it is often difficult decision to make if we want to take some profit off the table. This indicator is aimed to make these decisions easier by providing a combined opinion of sentiment based on trend and possible divergence.
⬜ Process
▶ Use any indicator to find trend bias. Here we are using simple supertrend
▶ Use any oscillator. I have added few inbuilt oscillators as option. Default used is RSI.
▶ Find divergence by using zigzag to detect pivot high/low of price and observing indicator movement difference between subsequent pivots in the same direction.
▶ Combine divregence type, divergence bias and trend bias to derive overall sentiment.
Complete details of all the possible combinations are present here along with table legend
⬜Chart Legend
C - Continuation
D - Divergence
H - Hidden Divergence
I - Indeterminate
⬜ Settings
▶ Zigzag parameters : These let you chose zigzag properties. If you check "Use confirmed pivots", then unconfirmed pivot will be ignored in the table and in the chart
▶ Oscillator parameters : Lets you select different oscillators and settings. Available oscillators involve
CCI - Commodity Channel Index
CMO - Chande Momentum Oscillator
COG - Center Of Gravity
DMI - Directional Movement Index (Only ADX is used here)
MACD - Moving average convergence divergence (Can chose either histogram or MACD line)
MFI - Money Flow Index
MOM - Momentum oscillator
ROC - Rate Of Change
RSI - Relative Strength Index
TSI - Total Strength Index
WPR - William Percent R
BB - Bollinger Percent B
KC - Keltner Channel Percent K
DC - Donchian Channel Percent D
ADC - Adoptive Donchian Channel Percent D ( Adoptive-Donchian-Channel )
▶ Trend bias : Supertrend is used for trend bias. Coloring option color candles in the direction of supertrend. More option for trend bias can be added in future.
▶ Stats : Enables you to display history in tabular format.
Overview of settings present here:
⬜ Notes
Trend detection is done only with respect to previous pivot in the same direction. Hence, if chart has too many zigzags in short period, try increasing the zigzag length or chart timeframe. Similarly, if there is a steep trend, use lower timeframe charts to dig further.
Oscillators does not always make pivots at same bar as price. Due to this some the divergence calculation may not be correct. Hence visual inspection is always recommended.
⬜ Possible future enhancements
More options for trend bias
Enhance divergence calculation. Possible options include using oscillator based zigzag as primary or using close prices based zigzag instead of high/low.
Multi level zigzag option - Can be messy to include more than one zigzag. Option can be added to chose either Level1 or Level2 zigzags.
Alerts - Alerts can only be added for confirmed pivots - otherwise it will generate too many unwanted alerts. Will think about it :)
If I get time, I will try to make a video. Indicator
Follow the Trend - Trade PullbacksKindly follow the rules stated below for entry, exit and stop loss. Not every Buy / Sell signal will be profitable.
Timeframe of the chart acts as current timeframe. You need to choose 2 more as middle and higher timeframes.
This indicator is based on candlesticks, ATR and CCI indicators and the logic provides buy / sell signals at the pullbacks of the trend depicted by higher timeframe, that must be respected throughout.
Enter the long / short trade respectively when the indicator gives buy / sell signal after price has gone below the green / above the red line for higher timeframe.
Stop loss shall be low / high of recent swing. Exit when the price closes below / above the middle timeframe, to be used as trailing target.
Use it for any instrument for any timeframe of your choice.
For example, check the shared chart. It is a 1 min intraday, but the indicator can be used for short or long term positional trades as well.
Enter long at 14102, with stop loss 14077. Trailing target is achieved at 14156 giving a Risk:Reward ratio of 1:2.
Another Buy signal is observed around same level and uptrend continues till day end, again for a Risk:Reward ratio of approx. 1:2.
Rules to follow for Long trades -
Enter long position at Buy signal given after price has moved below green line of higher timeframe.
Exit the position when price closes below orange / blue line of middle timeframe.
Stop loss must be at low of recent swing, appearing just before the Buy signal.
Rules to follow for Short trades -
Enter short position at Sell signal given after price has moved above red line of higher timeframe.
Exit the position when price closes above orange / blue line of middle timeframe.
Stop loss must be at high of recent swing, appearing just before the Sell signal. Strategy
Indicator
Indicator
Indicator
Indicator
Complete Trend Trading System [Fhenry0331]This system was designed for the beginner trader to make money swing trading. Your losses will be small and your gains will be mostly large. You will show consistent profit. Period.
The system works on any security you like to trade. I used GBPUSD as an example because of the up swing and down swing it had recently. I tried to put as much information of how the system works in the chart. Hope it helps and is not to cluttered.
I will reiterate how the system works here: Everything is based off of closed price.
Legend
Uptrend: Buy
Green bar: initial start of an uptrend or uptrend continuing. Place order above that bar. If the initial bar does not stray too far from the MVWAP , I will place orders above subsequent bars if no filled occurred.
If initial start of the trend is missed, I will wait for the pullback. A pullback is a close below the MVWAP, and a close above the EMA (Low), RSI is above 50. Orders are placed above the pullback bars with plotted char "B" and also plotted green triangle up. Again orders are placed above those bars. the bars do not notate automatic buys. Don't chase anything. You will miss the initial bar on something because of news or earnings and it rocket up. Just wait, it will pullback. If it doesn't, to hell with it, on to the next.
Take profits: In the indicator you will see "T." That notates to take some profits. It is a suggestion. I was always told to take profits into spikes, as well as you can never lose money if you take profits. Up to you if you want to scale out and take the suggested profits or not.
Exit Completely: In an uptrend, close your entire position on bars colored yellow or red. (Again, closed bars)
In uptrend bars colored orange and black, do nothing, they are just pullback bars. Look for the buy pullback signal, then follow pullback buy rules for an uptrend.
Downtrend: Short
Red bar: initial start of a downtrend or downtrend continuing. Place order below the bar. If the initial bar does not stray too far fro the MVWAP, place orders below subsequent bars.
If initial start on the downtrend is missed, wait for the pullback. A pullback is a close above the MVWAP, and close below the EMA(Low). RSI is below 50. Orders are placed below the pullback bars with the plotted char "S" and also plotted red triangle. Again those bars are not automatic shorts, orders are placed below them. Don't chase anything. Wait for price to come into your plan. The idea FOMO is the stupidest thing ever, how can you miss out on something when it is always there. The market is always there and something will come into your zone. Chill.
"T": same as in uptrend, suggestion to take some profits.
Exit Completely: In a downtrend, close your entire position on bars colored orange or green.
In downtrend you will see bars colored yellow and black, do nothing, they are pullback bars. Look for the pullback short signal and follow pullback short rules.
If you have any questions get at me. Take a look at it on what you trade. Flip it through different securities.
Best of luck in all you do.
P.S. You should not take a trade right before earnings. You should also exit a trade right before earnings.
Indicator
