This Swing Trading Indicator allows you to build your own strategies, backtest and alerts.
The particularity of this indicator is that it contains several indicators, including a custom one, that you can choose in a drop down list, as well as a trailing stop loss and take profit system.
A custom indicator inspired by Donchian Channels that will catch each big trend and important reversal points.
The indicator has two major "bands" or channels and two minor bands. The major bands are bigger and are always displayed.
When price reaches a major band, acting as a support/resistance , it will either bounce on it or break through it. This is how "tops" and "bottoms", and breakouts are caught.
The minor bands are used to catch smaller moves inside the major bands. A combination of volume , momentum and price action is used to calculate the signals.
Advantages of this indicator: it should catch top and bottoms better than other swing trade indicators.
Cons of this indicator: Some minor moves might be ignored. Sometimes the script will catch a fakeout due to the Bands design.
Best timeframes to use it : 2H~4H
· SARMA: A combination of Parabolic Stop and Reverse and EMAs (20 and 40).
· SAR: Regular Parabolic Stop and Reverse.
· QQE: An indicator based on Quantitative Qualitative Estimation.
· SUPERTREND: A reversal indicator based on Average True Range.
· CHANNELS: The classic Donchian Channels.
Stay safe. Configure your stop loss in TradingView! The integrated Stop Loss system will trigger an alert to exit the trade. You can secure your profits with the trailing system!
Secure your gains. The integrated Take Profit system will trigger an alert to exit the trade. Use the Trailing Take Profit feature to make even more profits!
This indicator comes with 2 versions: [BACKTEST] and [ALERTSETUP]. One is used to backtest the strategy, while the other is used to create automated alerts.
The Backtest version uses TradingView's Strategy Tester to show results based on past trades.
Receive alerts by sound, email or phone and more for every signal required to your trading. Know when to enter and when to exit without even looking at the chart! You will find every alert you need to automate your strategy.
If you do not feel like creating your own strategy, you can pick up one of the many already created by the community.
These charts are available on my Discord Channel
Choose between several technical indicators for your base entry condition.
|Base Indicator||Build your entry from Swing trading indicators.|
Add a stop loss to the strategy. You can also make it trail.
|Exit alert type||If you use Once Per Bar Close, the strategy will ignore candle wicks, and only consider a stop loss at bar close. Using Once Per Bar, the strategy will take inside bar movement into account. You must use the same type of alert when creating a stop loss or exit alert.|
|Stop Loss Base % Price||Starting Value for LONG/SHORT stop loss.|
|Trailing Stop % Price to Trigger||First parameter related to the trailing stop loss. Percentage of price movement in the right direction required to make the stop loss line move.|
|Trailing Stop % Price Movement||Second parameter related to the trailing stop loss. Percentage for the stop loss trailing movement.|
|Reverse order on Stop Loss||Use this if you want the strategy to trigger a reverse order when a stop loss is hit.|
Add a take profit to the strategy. You can also make it trail.
|Exit alert type||If you use Once Per Bar Close, the strategy will ignore candle wicks, and only consider a take profit at bar close. Using Once Per Bar, the strategy will take inside bar movement into account. You must use the same type of alert when creating a take profit or exit alert.|
|Take Profit %||Take profit value in percentage of price.|
|Trailing Profit Deviation %||Percent deviation for the trailing take profit.|
A little fine-tuning.
|Lookback CYATO AI||Length in bars used to calculate the bands.|
|Use Heikin Ashi candles as source for indicators.||Turn it ON to inject Heikin Ashi candle Open/High/Low/Close data into the base indicators. We use this instead of the Heikin Ashi chart because backtesting is not accurate on these charts, and we want real price values for the Stop Loss/Take Profit system|
|PSAR Value||Used with the SARMA and SAR indicators. Increasing it will get you more entries, while reducing it will strengthen the entries.|
|SuperTrend ATR Multiplier||Used with the SuperTrend. Changes the ATR Multiplier.|
|SuperTrend ATR Lookback||Used with the SuperTrend. Changes the ATR Lookback.|
|Channel Length||Used with the Channels indicator. Changes the Donchian Channel Length.|
Private Discord Server: https://discord.gg/AwZVFDh
1. Purchase the indicators or 7-Day Trial
2. Create your account here and I will grant your account access within 24 hours!
Once I grant you access, you will receive a notification.
Then, to access the Cyatophilum indicators, simply click on 'Indicators' at the top of a live chart,
Finally, click on “Invite-Only Scripts”. There you will see the Cyatophilum indicators.
Click on an indicator to activate it. Start trading!
When I create an alert, how do I choose between "Once per bar" and "Once per bar close" ?
A "Once per bar" alert will trigger on the first tick of the bar which alert condition is true. A "Once ber bar close" alert will only trigger at bar close if the alert condition is still true at bar close.
Use "Once per bar" for manual trading. The alert will trigger sooner but is not as strong as if we waited bar close. Profits and risks are increased.
Use "Once per bar close" for automated trading. Unlike "Once per bar", a "Once per bar close" alert of the same type (buy or sell) cannot trigger more than once in a row. Thus it is suited for a trading bot which send buy and sell orders to a broker. Also those alerts correspond to the backtest results given buy the backtest version given with each indicator.
Should I expect repainting issues with any of the Cyatophilum Indicators ?
I code my indicators in such a way that each candle is calculated from previous candles data only. I do not use the security function which I know is currently bugged and causes repainting issues. Alerts are hosted on TradingView servers.
Can I use the Cyatophilum Indicators on other markets than cryptocurrency ?
Yes, all of my indicators work on most of TradingView's markets. You can trade Forex, Indexes, stocks, futures and CFD. Do not hesitate to join me on my Discord Server and I will help you configure the indicators for your favorite asset.
If you are not satisfied the Cyatophilum Indicators , email me at email@example.com within 14-days and you will be fully refunded.
Email me at firstname.lastname@example.org any time to cancel your subscription.
All investing involves risk, do not invest more than you are willing to lose. Past results may not be indicative of future results. By purchasing this indicator, you are not garanteed to make profit.