Skip to content
Open
Changes from all commits
Commits
File filter

Filter by extension

Filter by extension

Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
121 changes: 121 additions & 0 deletions README_Prometheus.md
Original file line number Diff line number Diff line change
@@ -0,0 +1,121 @@
# VSVTrend Strategy: Automated Trading with Supertrend Filter on TradingView

## Project Overview

This repository contains a Pine Script trading strategy named **VSVTrend Strategy**, designed for use on TradingView. The main purpose of this codebase is to provide an automated trading strategy that utilizes the Supertrend indicator as a filter to determine entry and exit points for long and short positions in financial markets.

### Core Purpose and Problems Solved
The VSVTrend Strategy aims to simplify and automate trading decisions by leveraging the Supertrend indicator, which helps identify market trends based on Average True Range (ATR). It addresses the challenge of timing market entries and exits by providing clear conditions for opening long or short positions, thus reducing emotional decision-making and enhancing consistency in trading.

### Key Features and Benefits
- **Supertrend Filter**: Optionally uses the Supertrend indicator to filter trades, ensuring entries align with the prevailing market trend.
- **Customizable Parameters**: Allows users to adjust the ATR period and factor for the Supertrend calculation, as well as set Stop Loss and Take Profit percentages.
- **Automated Trading**: Executes trades automatically based on predefined conditions when the strategy is enabled.
- **Risk Management**: Incorporates configurable Stop Loss and Take Profit levels to manage risk effectively.

This strategy is ideal for traders looking to implement a trend-following system with customizable settings to suit different market conditions or personal risk tolerance.

## Getting Started, Installation, and Setup

### Getting Started

To quickly start using the VSV Trend script:
1. Open [TradingView](https://www.tradingview.com/) in your browser and log in to your account.
2. Go to the 'Pine Editor' at the bottom of any chart.
3. Copy the contents of `VSVTrend.pine` from this repository.
4. Paste the code into the Pine Editor.
5. Click 'Add to Chart' to apply the script to your current chart.
6. Adjust any input parameters in the script settings if needed to customize the trend visualization.

### Installation and Setup

Since this project is a Pine Script for TradingView, there are no traditional installation or setup steps required. Pine Script runs directly in the TradingView platform, which is accessible via a web browser. You do not need to install any software or dependencies on your local machine.

- **Dependencies**: None. All necessary functionality is provided by TradingView.
- **Platform-Specific Instructions**: The script works on any platform with a supported web browser (Windows, macOS, Linux, etc.) as long as you have access to TradingView.
- **Development Environment**: Not applicable. Development and execution occur within the TradingView Pine Editor.
- **Production Build**: Not applicable. There is no build process for Pine Script; the script is used directly on TradingView charts.

## Technologies Used

- **Pine Script**: This project is developed using Pine Script (version 5), the programming language used for creating custom indicators and strategies on the TradingView platform.
- **TradingView Platform**: The script is designed to be used within TradingView for implementing a trading strategy with Supertrend filter capabilities.

## Usage Examples

Below are the steps to implement and use the VSVTrend Strategy in TradingView:

### Adding the Strategy to TradingView
1. **Open TradingView**: Log in to your TradingView account and open the chart for the asset you want to trade.
2. **Pine Editor**: At the bottom of the TradingView interface, click on the "Pine Editor" tab.
3. **Paste the Code**: Copy the contents of `VSVTrend.pine` from this repository and paste it into the Pine Editor.
4. **Compile the Script**: Click the "Add to Chart" button to compile and apply the strategy to your chart.

### Configuring the Strategy
1. **Strategy Settings**: Once added to the chart, click on the gear icon next to the strategy name in the top left corner of the chart to open the settings.
2. **Inputs**:
- **Strategy ON/OFF**: Toggle to enable or disable the strategy (default: enabled).
- **Supertrend filter**: Enable or disable the Supertrend filter (default: enabled).
- **ATR period**: Set the period for Average True Range calculation (default: 10).
- **factor**: Adjust the multiplier for the Supertrend calculation (default: 3.0).
- **Stop Loss (%)**: Set the stop loss percentage (default: 1.5%).
- **Take Profit (%)**: Set the take profit percentage (default: 3.0%).
3. **Apply Changes**: Click "OK" to save your settings.

### Using the Strategy
1. **Backtesting**: Use TradingView's Strategy Tester (accessible via the "Strategy Tester" tab at the bottom) to backtest the VSVTrend Strategy on historical data for your chosen asset.
2. **Live Trading**: If satisfied with backtesting results, you can set up alerts or connect to a broker through TradingView for automated trading based on the strategy signals (ensure "Strategy ON/OFF" is enabled).
- **Long Entry**: The strategy enters a long position when the Supertrend direction is bullish (green line).
- **Short Entry**: The strategy enters a short position when the Supertrend direction is bearish (red line).
- **Exit**: Positions are exited based on the defined Take Profit or Stop Loss levels.

**Note**: Always exercise caution with automated trading strategies and ensure you understand the risks involved. Adjust the parameters based on your trading style and risk tolerance.

## Project Structure

This section outlines the organization of the repository, highlighting key files and their purposes.

### Key Files
- **LICENSE**: Contains the licensing information for the project, detailing the terms under which the code can be used, modified, and distributed.
- **README.md**: The main documentation file for the project, providing an overview, installation instructions, usage examples, and other relevant information.
- **VSVTrend.pine**: A Pine Script file, likely containing the core logic or strategy for a trading or analysis tool, possibly used with TradingView.

## Additional Notes

This section provides supplementary information about the VSVTrend Strategy and its usage within trading platforms like TradingView.

### Disclaimer
The VSVTrend Strategy is provided for educational and informational purposes only. It is not intended as financial advice. Trading carries significant risk, and past performance in simulations or backtesting is not indicative of future results. Always conduct thorough research and consider consulting with a financial advisor before engaging in trading activities.

### Customization Tips
- **Adjusting Parameters**: The strategy allows customization of key parameters like ATR period, factor for Supertrend calculation, Stop Loss (SL), and Take Profit (TP) percentages. Experiment with these settings in a demo or backtesting environment to find optimal configurations for your trading style.
- **Supertrend Filter**: You can toggle the Supertrend filter on or off. Disabling it may result in more frequent trades but could increase the risk of false signals.

### Limitations
- The current implementation of VSVTrend Strategy relies on the Supertrend indicator for entry signals. It may not account for other market conditions or indicators that could affect trade outcomes.
- This strategy is designed for use in TradingView and may require adaptation or additional coding to work on other platforms.

### Support and Feedback
If you encounter issues or have suggestions for improving the VSVTrend Strategy, feel free to open an issue in this repository. Community feedback is invaluable for refining and enhancing the script.

## Contributing

We welcome contributions from the community to help improve **VSVTrend Strategy**. Whether you have ideas for new features, bug fixes, or optimizations, your input is valuable to us. Follow these steps to contribute:

### How to Contribute
1. **Fork the Repository**: Create your own fork of the codebase to work on your changes.
2. **Make Your Changes**: Implement your improvements or fixes in your fork. Ensure your code aligns with the existing structure and functionality.
3. **Test Your Changes**: Test your modifications thoroughly. If you're contributing to the Pine Script strategy (`VSVTrend.pine`), verify that it works as expected on TradingView across different timeframes.
4. **Submit a Pull Request**: Once you're satisfied with your changes, submit a pull request to the main repository. Provide a clear description of your changes and why they are beneficial.

### Contribution Guidelines
- **Code Style**: Follow the conventions used in the existing Pine Script code. Ensure readability by using meaningful variable names and adding comments where necessary.
- **Testing**: Ensure that your changes do not break existing functionality. If possible, include backtesting results or other evidence of the effectiveness of your changes.
- **Feature Suggestions**: If you have ideas for new features (e.g., additional filters or AI/ML enhancements), feel free to open an issue to discuss them with the community before implementing.
- **Documentation**: If your changes impact how the strategy works, update any relevant documentation or comments within the code to reflect the new behavior.

Thank you for helping to make **VSVTrend Strategy** better for everyone!

## License

This project is licensed under the MIT License. For more details, please see the [LICENSE](./LICENSE) file.