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Big Drops for Bargain Entries in Cryptocurrency Market Using TradingView

Big Drops for Bargain Entries in Cryptocurrency Market Using TradingView Here's the TradingView link for the free indicator:  👉  https://www.tradingview.com/script/iBvEPkp4-Big-Drops/ 🙏🏻   Please like the video to support the channel and the cause : Recently, I've been seeing huge drops in the crypto market. This happens time and time again. I see these drops on almost every coin.  Then I realized... Why don't I create an indicator that will alert me whenever there is a sharp drop in the market. This way I can look for potential bargain entries instead of trading and then suddenly lose my position because of a sudden drop. And that's when I started coding a simple indicator for my new trading strategy. Criteria So my criteria for big drops is when the price suddenly drops a certain % within a day.  Since I always look for entries in intraday charts (like 1m to 30m timeframes),  I can then highlight the bars during that day when t

Source Code - How To Convert Amibroker's ExRem and Flip Functions to TradingView Pinescript?

Source Code of How To Convert Amibroker's ExRem and Flip Functions to TradingView Pinescript? Related links Link to the blog post Source Code A Little Favor From You 😅 Since I give everything for free in this blog, please have time to support the blog by following or subscribing to some of my social media accounts: 👉 Youtube Channel 👉 Blog

How To Convert Amibroker's ExRem and Flip Functions to TradingView Pinescript?

 How To Convert Amibroker's ExRem and Flip Functions to TradingView Pinescript? First, before we can convert ExRem and Flip Functions to TradingView Pinescript, we need first to understand what they do. We are very lucky since Amibroker has good documentation. ExRem -  http://www.amibroker.com/guide/afl/exrem.html Flip -  https://www.amibroker.com/guide/afl/flip.html ExRem So what does the ExRem function in Amibroker does? In simple terms, ExRem removes excessive signals. ExRem accepts two parameters: series1 and series2 . ExRem(series1, series2)  ExRem returns true on the first occurrence of series1 then it returns false until series2 is true even if series1 is true. It sounds confusing but I can explain it better with pictures. So for example we have a chart with sets of buy and sell signals: So if we use: buy = ExRem(buy, sell) sell = ExRem(sell, buy) What will happen is ExRem will remove the se

How to Draw Lines in TradingView Pinescript?

 How to draw lines in TradingView pinescript? There are 3 ways that I know of on how to draw lines in TradingView  pinescript. And, these are: hline() plot() line.new() hline() The hline() or Levels are used to plot horizontal lines across the chart. It is commonly used in RSI to indicate the oversold and overbought levels . Let's say we have an oscillator that is very similar to RSI and we want to plot the oversold and overbought levels,  we can do that easily by calling the hline function: hline (price, title, color, linestyle, linewidth, editable) → hline And here's the example of trying to use the function: And here's the result when plotted to chart RSI + Levels (30, 50, 70) plot() The plot() function is often used to draw almost all lines in TradingView pinescript.

How to Change Bar Colors in TradingView / Pine Script?

 How to change bar colors in TradingView / Pine Script? There are basically two ways to change the color of the candles in tradingview. Here are they: Opening the Chart Settings Using a Script Opening the Chart Settings Click the settings in tradingview chart, the one with the cog icon . Click the Symbol tab on the chart settings. Easily modify the colors by changing the candle's settings (body, borders, wick). Chart Settings - Bar Colors Using a Script First let's hide the current bar colors by unticking the checkbox on chart settings > symbol. Hiding the Default Bar Colors After we hide the default candle colors we can now create our own custom c

How to Add an ATR Trailing Stoploss to Your Strategy - TradingView Script (+ Source Code)

How to Add an ATR Trailing Stoploss to Your Strategy in TradingView Risk Disclaimer ❗ The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice, and you should not treat any of the posts's content as such. Free Trading View Scripts does not recommend any cryptocurrency should be bought, sold or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. Introduction As promised, in this post we are going to add a trailing stoploss strategy to avoid giving back the profits to the market. Out of all the strategies available for trailing stop, I am choosing the ATR . The main reason I chose this is that the ATR changes based on the volatility of the candles. It takes into account the huge movements of the candle to avoid being whipsawed more often . You’ll see what I’m t