Updates for Divergence in TradingView: Any Divergence for Many Indicators v6
1. Summary Previously, I used Divergence for Many Indicators v4 to observe divergences, but recently during backtesting, I found consistent timing discrepancies. Today, I carefully studied the code of the indicator and made updates. I hope those using this indicator can switch to the new version together.
2. Old Version Issue 1 Divergence for Many Indicators v4 has hardcoded the lengths of indicators like MACD and RSI, leading to inconsistencies in timing when referring to MACD.
3. Old Version Issue 2 The alert content has been split into bottom divergence and top divergence, so for the watchlist alerts, two need to be set separately. The premium subscription only supports 2 watchlist alerts, which inadvertently wastes one alert slot.
I. 5-Year Divergence Strategy Test Report A total of 8 tokens tested, 6 profitable, 2 losses. A total of 323 trades, 161 long positions, 162 short positions. 1、BTC profit 91.75% 2、ETH profit 6% 3、XRP profit 95% 4、BNB loss 7.35% 5、SOL profit 60.7% 6、DOGE loss 56.7% 7、TRX profit 162.9% 8、ADA profit 105.9% II. Strategy Analysis 1、All results ① The overall strategy performs best after ADX exceeds 40. ② It is worth appropriately increasing the position when ADX exceeds 50.
All results 2、Long position results
① The performance in the ADX 20-30 range is acceptable; best above 40. Long position results3、Short position results
$BSW Is this the market for delisting the game? It is recommended to first analyze the distribution of tokens, as the biggest fear in trading is path dependence.
Background: Recently, there hasn't been any significant medium to long-term trend market. During the break, I researched divergence strategies and recorded a simple analysis process and logic. 1. Establishment of the divergence strategy 1. Trading based on daily divergence, using the following indicators: ① Divergence for Many Indicators v4 (slightly modified the indicator values) ② ATR parameter 13 ③ DMI parameter 13, focus on ADX 2. Perform daily bottom and top divergence trading, using a strict stop loss of 1.25 ATR, with a profit target of 2%-3% per trade, holding periods of 3-5 days. 2. Trading backtesting 1. Use Pine Script with a large model to write a trading strategy, and found that no matter how I debugged, I couldn't achieve the expected operational effect, so I decided to conduct manual backtesting, which took about 7 hours for 7 tokens.
$ENA continues a single bottom divergence strategy, narrow stop loss corresponds to narrow profit, do not be greedy, hold for 1 to 2 candlesticks on the daily line.
$TIA Daily Divergence Strategy, belongs to left-side trading, do not be greedy, take 1 or 2 candlesticks and exit. I have tested it, don't be fooled by the low returns, on a single coin, with the divergence strategy, making about 10 trades a year, with a success rate of around 70%, not being greedy, 2x leverage totals 12% return.
$AUCTION Another guillotine, if no lessons are learned, there will be another one. Everyone should refrain from participating and let these dog traders play by themselves; this is the best response to them.
$FET 1- In this market, even a small position of 10 points is acceptable; a small gain is still a gain. 2- Daily line divergence strategy, success rate is not high, needs optimization.
$BTC From the pinning on 2024-08-05 to the present, there is a dense distribution of transactions, and now it is an empty area in terms of transaction volume, the decline is incredibly smooth, without a white knight, it's difficult, this position can't hold up either.
$APT 1. I used to do the daily divergence strategy, but I didn't expect it to be the only profitable one among the positions. The market is too miserable. 2. Let's see if APT will stabilize and increase in volume at this position.
$BTC 1. The power of the trend is like the waves of the sea, the superposition of waves is unstoppable. 2. It is totally unexpected that the second target position of short selling can be directly dropped to 83061, and it ran away at the first target of 87944, and it also opened a long order and was blown up. It is really stupid.