Parameters — Trading Ideas on TradingView

Ethereum, a Bull in a Bear Market!While Bitcoin and the rest of the market have taken a nosedive, Ethereum made new all-time highs. Let's take a look at Ethereum's trend and a suitable strategy you can use! Ethereum the Exception The crypto market took a hit this week after Bitcoin failed to break above $65,000. ETH temporarily regained its lost ground and even made new all-time highs. The crypto market usually follows Bitcoin, but it doesn't do so to the letter. Ethereum, for example, is somewhat delayed. When Bitcoin starts an uptrend, Ethereum typically follows a little later. When Bitcoin's uptrend ends, Ethereum may continue with a bullish sentiment for a while longer. This divergence can be seen clearly in the last uptrend when Bitcoin peaked on December 17, 2017, while Ethereum reached its top two weeks later, on January 13, 2018. Trading Ethereum We have found the MACD to be one of the best indicators when it comes to the crypto market from our backtesting. In general, cryptocurrencies tend to have strong trends over prolonged periods of time. As a result, trend-following indicators work well. Indicators can be improved significantly by changing a few parameters. The MACD has three customizable parameters, namely: Fast Period, Slow Period, and Signal Period. Changing these parameters can make a big difference. For example, the basic MACD strategy of entering a position when the MACD signals a buy and exiting when it signals a sell with the default parameters (trading with all equity and accounting for a 0.1% fee) would have resulted in a profit of 89,465.29%, and a winning percentage of 38%. This is significantly worse than the buy and hold of 181,961.76% However, changing the parameters to Fast Period = 20, Slow Period = 35, and Signal Period = 12 results in a whopping 554,693.47% profit and a winning percentage of 46%.

ETH/USD (Ethereum token) BREAKOUT WAVES $746=UP $677.50=DOWN!ETH/USD (Ethereum token) Semi log scale, 360 minute chart, 05/16/18, 6:07 PM EST, by Michael Mansfield Hi trader friends! ETH lower first? BOTTOM LINE: Ethereum is likely in the middle of its final leg lower to complete an ABC Elliott Wave double zigzag correction. However, there is the potential of a breakout up at the "area 1 black horizontal line" off recent high, since there are 5 waves off the recent low, but only on lower time-frames. However, the most likely scenarios is that a larger double zigzag correction lower to either of the previous two Wave 4 reversal areas, at $633 and $590, where the dual dashed green lines are, is most likely at this time. BUT, IF AN EARLY BREAKOUT UP: If Ethereum breaks above recent swing high at $746.06, that occurred yesterday, 05/15/18, on this data, then ETH would likely see a larger degree Wave C up, or the structure could be a dynamic Wave 3 of 5 up. But again, the probabilities are that ETH is in a larger Elliott Wave ABC double zigzag correction lower, one that will lead ETH/USD to $633-$590 areas first, then up. TRADER TIP: GO WITH THE MOST LIKELY PROBABILITY: After a 5 wave advance, the likely target zone for and ABC correction down, to what I call “The Best Buy Zone,” is the prior Wave 4 or the prior Wave 4 of lesser degree, shown herein by the two dashed green lines on this chart (labeled Wave IV and Wave 4). So if we see this market drop to between $633 and $590 on declining momentum and declining volume, that would then likely be a nice-lower risk-area to buy into. RISK OF A DEEPER DROP BEGINS AT $516: Breaking below the lower BLUE Andrews Pitchfork support line, currently moving upward yet at $516 where I have labeled the potential Wave C low, would likely lead to a move down to $420, the lowest pitchfork support line (black), or maybe far lower! But that looks less likely right now. CYCLES: Longer-term cycle (blue) is still heading lower, but this is on limited sample size of data. So, the blue cycle is less trusted at this time. However, if accurate, a more bearish outlook would be necessary. The medium-term cycle (green) is strong up (more data=more likely). The shorter-term cycle (red) is moving down in line with a correction lower for now. SUMMARY: This cycle combination best fits a bit deeper correction, for now, then up in the direction of the green cycle, for either a large degree Wave (C) bounce or Wave 3 of 5 up to nearly a new high. CONFIRMATION EITHER WAY: The next 3-5 days will likely provide the wave structure and breakdown lower, or breakout higher, which would then likely provide a roadmap for the next 3 months or price movements. DISCLOSURE: This analysis is meant for educational purposes only. You trade at your own risk! Cheers and good trading, Michael Mansfield CIO

Better Alerts: Make alerts using multiple indicators, easily Surprised nobody has pushed for this idea already. Programming languages usually have a means to pass global data from one module (in our case an indicator) to another. Pinescript has a hint of this when we can write a script that allows one input statement that can pull the plotted series from another script in the same chart. i.e. a script that contains : x = input(close, title="source data") Go to setting for this script and click the "source data" drop down box. There you should see the option to select the plotted output of any other script, great. Now you do not need to modify the original indicator script, instead you can now write an ALERT script that references the indicators plotted data. Now for the real power to make your own ALERT logic. Add multiple indicators to your chart. Now you could have an Alert script that does not just say alert me when the RSI is over sold, But alert me when RSI is over sold, and CCI is crossing -100 and the 20 MA is crossing over the 50 MA. Wouldn't that be GREAT !!! Wait, I'm sorry but Pinescript only allows one input statement in a script to do this. The real potential for this has been kept dormant. Do you want to really unleash your potential with alerts ? I think it is time Tradingview fixes this limitation so we can have the control we need and deserve. I suppose we could try to pull all the logic for each indicator into a single script, making sure the multiple scripts do not have conflicting logic and fields. A time consuming prospect, difficult to maintain, and very messy in the end. But here a simple fix could make life trading a lot easier. Thank you for your support

SP500 Short Trade Parameters Bottom in place at 1820 for 2/3 weeks only. Then it can be challenged/breached. Next few weeks mapping 28Oct Top: 1980/2000 31Oct Close: 1966 (small weekly shooting star) Nov W1 Range: 1970/1890 Nov W2 Top: 1970 Nov W3 Dec W1/2 Crash: 1650 BUY! Potentially 2550 in 2017. Trade: Short 1980/1990 Stop 2030 Buy 1850 Dec Puts. Take Profit: 1650 Rational: 1 – Fundamental: The tepid growth can’t drive the rally further from these high grounds. A Decent Reset is in order. 2 – Fundamental: US QE Tapering, Nothing coming from ECB that the market liked. 3 – Technical: Rally 09 = Rally 11 in percentage ~100% 4 – Technical: Rally 11 Supporting line clearly broken below. 5 – Technical: Correcting 38% of Rally 11 is in order (That is 18% down from September top) – 1650 target 6 – Technical: The 125d EMA has just turned negative 10d ago, it has called for large corrections in the past. 7 – Relative Considerations: Rates pointing lower, Credit unable to tighten further, Small cap (R2k) unable to perform for a while, DAX Close to bottom and unable to jump so far, Nasdaq/Apple Capped here.. 7 – Game Theory: No better time for a crash than when the least Expected. We had 5 Santa Claus rally in a row. I bet this year is different. Note: the correction in 2011 was also one that corrected 38% the previous move up from 2009 (in weekly closes). Strong Advise: If you are not short: DO NOT STAY LONG Nov W3 to Dec W2 Little to win, loads to lose...