This is an old revision of the document!
Current Update
Open Close Cross 3.5: (5/5/2020)
- Adapted to use Pinescript v4 enabling the use of plot values in alerts!
- Added option to show signal stats / overall profit loss calculation (beta / TP1 profit only!)
- Replaced SL Squeeze option with multiple SL-from-TP levels
- Added option for additional trade logic only stoploss (SL “Buffer”)
- Added Min Spread option for better sideways protection
- Added Min/Max Spread Window options for improved “bart” protection
- Added ATR settings and ATR offset % to better tweak ATR stoploss
- Limited ATR with hard baseline stoploss
- Added Exit Loss Buffer % option to account for fees/slippage
- Added Trend Resolution option “From Chart”
- Added Trend Bar Delay option
- Improved RSI and Historic Volatility descriptions
- Added seperate Alert Conditions for TP/SL/Spike according to trade direction
- Added option to signal trades open longer than given number of bars
- Added Custom Name field to improve selection for multiple layers
- Fixed Spike Profit option sometimes triggering errornously
- New default settings optimized for XBTUSD 1H (90% win rate for >1yr!)
- Adapted to use Pinescript v4 enabling the use of plot values in alerts!
- Added option to show signal stats / overall profit loss calculation (beta / TP1 profit only!)
- Replaced SL Squeeze option with multiple SL-from-TP levels
- Added option for additional trade logic only stoploss (SL “Buffer”)
- Added Min Spread option for better sideways protection
- Added Min/Max Spread Window options for improved “bart” protection
- Added ATR settings and ATR offset % to better tweak ATR stoploss
- Limited ATR with hard baseline stoploss
- Added Exit Loss Buffer % option to account for fees/slippage
- Added Trend Resolution option “From Chart”
- Added Trend Bar Delay option
- Improved RSI and Historic Volatility descriptions
- Added seperate Alert Conditions for TP/SL/Spike according to trade direction
- Added option to signal trades open longer than given number of bars
- Added Custom Name field to improve selection for multiple layers
- Fixed Spike Profit option sometimes triggering errornously
- New default settings optimized for XBTUSD 1H (90% win rate for >1yr!)
Previous Versions
3.2 - 19/3/2019 =============== - Added more timeframes to trend confirmation resolution - Added option to show SL only before any TP - Added min historic volatility to adaptive sideways filter - Added optional max cross spread limiter
3.1 - 21/11/2018 ================ - Added max price variation and max historic volatility limit filter against violent market corrections
3.0 - 15/11/2018 ================ - Added adaptive sideways filter, engaging only in case a trade would exit with loss - Integrated historic volatility index (based on BitMEX:BVOL24H) as sideways filter option - Integrated trade volume threshold as sideways filter option - Added adaptive override to "Not against bar trend" filter which keeps it from missing bigger moves - Added adaptive override to sideways filter which keeps it from missing bigger moves - Made window size of the min cross spread filter configurable which in turn makes higher min cross spread settings usable - Multiple TP levels reached on one candle are now correctly shown/simulated - When "Close Trades with" option is set to "Take Profit" it now issues the highest TP level - Defaults are very specific to XBTUSD 1h favoring less trades with bigger profit per trade, for more info please visit our Wiki and/or Discord!
2.6 - 16/10/2018 ================ - BEHAVIOUR CHANGE: checkbox behind "Filter" now switches "Min Cross Spread %" on/off! - fixed SL sometimes not showing orange while being in profit / change sideways defaults (max spread) - Quickfix for change in TV wma function
2.5 - 15/10/2018 ================ - Added option to chose entry price for TP/SL calculation (for once per bar alerts chose Open or Average, otherwise Close) - Fixed TP signals not showing when triggered on same bar as entry - SL / TP fixes for close vs open price setting
2.4 - 12/10/2018 ================ - Improved plotting of SL in profit (yellow!) and SL on trade exit/entry - Fixed classic (non adaptive) trailing (now behaving like trailing on your exchange)
2.3 - 9/10/2018 =============== - New defaults based on XBTUSD 1hr with regular 1.2% profits - Improved plotting of signals depending on trade state - Added info if a swingtrade ended in loss
2.1 - 8/10/2018 =============== - Completely new defaults, optimized for XBT 1hr and "no repaints" (used with "Once Per Bar Close") - Fixed the signal repeat filter and enabled by default - Optimized the max spread filter - NOTE: The new default is not combining timeframes thus safer to use with the TV Alert System - still a multiplier greater 1 (if used correctly) should yield better results! (new settings and results will be published in our Wiki) - Little trade state fix for cases where repeats were filtered - Changed Trend Confirmation Defaults - Added option to close trades after TP levels
2.0 - 20/9/2018 =============== - Added optional RSI filter/confirmation - Added max spread filter to avoid entering trades in spikes - Added TP1-3 alert conditions in addition to general TP alert - Fixed several trade logic issues - NOTE: "Trend", "RSI" and "Sideways" are enabled/disabled via the checkbox next to their titles now! - Fixed max spread filter & tweaked defaults
1.9 - 7/9/2018 ============== - Added option to use HA candles internally as a smoothing filter - Added option to not use "lookahead" for the moving averages, reducing "repaints"
1.8a - 6/9/2018 =============== - Added second (historic) volatility filter for even better sideways avoidance - Better handling of filtered signals - Some bigger (again) fixes in TP/SL logic
1.7 - 4/7/2018 ============== - Added simple price volatility filter to avoid sideways action - Added option to avoid placing signals "against" bar trend - Added seperate trend resolution multiplier (0 = same as main strat) - Added "SL Squeeze" option to reduce SL % when certain profit % is reached - Several TP/SL logic fixes (and "Spike TP" is a seperate trigger now)
1.6 - 19/8/2018 =============== - Added optional laddering of Take Profit - "Average True Range" based stop loss now working - A lot of Stop Loss and Take Profit improvements/fixes - Added more trend confirmation timeframes - Fixed some trend confirmation timeframe calculations
1.5 - 17/8/2018 =============== - Added "Average True Range" based stop loss option - Fixed Take Profit misfires with active Trend Filter - Split Take Profit into regular and "Spike" Take Profit - Complete internal refacturing and overhaul of UI/settings - Added T3 and ZeroLag EMA - New default values to minimize repaints and even work ok with active Force Delay Close
1.4 - 13/8/2018 =============== - Added optional long term trend filter (using the same parameters as the main resolution) to only trade with the trend! - Added Take Profit option (with new corresponding alert condition) to catch short term spikes - New default values / repeat filter off by default (still investigating TV Alert issues)
1.3 - 10/8/2018 =============== - Tweaked defaults for XBTUSD 1hr - please experiment with different multiplier and period settings depending on which asset you are trading! Also start tweaking with both "Min Spread %" settings set to 0 and then slowly setting them higher until too many signals disappear then lower it slighty, set the realtime one higher than the non realtime setting if you want & try the different realtime delay options to combat "Repainting" issues! - Added option to always use the delay workaround, not only on realtime (so you can study it's effects better!)
1.1 - 7/8/2018 ============== - Added filter against firing of multiple signals of the same type - Added options to filter signals by MA spread (can be used as "repaint" remedy!) - Added option to force delay of calculation when realtime (anti "repaint")
1.0 - 5/8/2018 ============== - fixed stoploss - renamed indicator