Skip to content

Prometheus: Add README for vsvtrend #15

New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

Sign up for GitHub

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Open
momstrosity wants to merge 1 commit into
base: development
Choose a base branch
from
Open

Prometheus: Add README for vsvtrend #15

Changes from all commits
Commits
Show all changes
1 commit
Select commit
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
264 changes: 264 additions & 0 deletions README_Prometheus.md
View file
Open in desktop
Original file line number Diff line number Diff line change
@@ -0,0 +1,264 @@
# VSVTrend: An Adaptive TradingView Strategy for Intelligent Market Analysis

## Project Overview

VSVTrend is an advanced trading strategy script for TradingView designed to enhance trading performance through intelligent, adaptive indicators and sophisticated signal processing. The strategy aims to create a robust, flexible trading solution that minimizes false signals and maximizes trade accuracy across various financial markets and timeframes.

### Core Objectives
The primary goal of VSVTrend is to develop a comprehensive, open-source trading strategy that provides traders with a reliable and adaptable tool for market analysis and trade execution. By integrating multiple advanced techniques, the strategy seeks to:
- Reduce trading false positives
- Provide flexible, customizable trading signals
- Support robust risk management
- Enable comprehensive backtesting

### Key Capabilities
- **Adaptive Strategy Toggle**: Ability to turn the strategy on/off dynamically
- **Supertrend Filtering**: Optional Supertrend indicator for enhanced signal validation
- **Flexible Risk Management**: Configurable stop-loss and take-profit percentages
- **Equity Percentage Trading**: Trades based on a percentage of available equity
- **Multi-Timeframe Compatibility**: Designed to work across different market timeframes

### Unique Features
- Integrated Supertrend filter with configurable parameters
- Dynamic strategy activation
- Percentage-based equity allocation
- Customizable risk management parameters
- Strategy designed for continuous improvement and community collaboration

## Getting Started, Installation, and Setup

### Prerequisites
- TradingView Account
- Basic understanding of Pine Script
- Access to TradingView Pine Editor

### Quick Start
1. Open TradingView and navigate to the Pine Editor
2. Copy the contents of `VSVTrend.pine`
3. Paste the script into a new strategy
4. Customize strategy parameters as needed:
- `show_strategy`: Toggle strategy on/off
- `use_supertrend`: Enable/disable Supertrend filter
- `atrPeriod`: Set Average True Range period (default: 10)
- `factor`: Adjust Supertrend sensitivity (default: 3.0)
- `sl`: Stop Loss percentage (default: 1.5%)
- `tp`: Take Profit percentage (default: 3.0%)

### Installation
1. No separate installation required
2. Copy the strategy directly into TradingView Pine Editor
3. Attach the strategy to any chart

### Deployment
- Development: Directly use in TradingView Pine Editor
- Backtesting: Use TradingView's built-in strategy tester
- Live Trading: Requires TradingView broker integration

### Compatibility
- Pine Script Version: 5
- Compatible with all TradingView charts and timeframes
- Supports both long and short trading strategies

### Configuration Options
- Adjustable Stop Loss and Take Profit percentages
- Toggleable Supertrend filter
- Global strategy on/off switch
- Customizable ATR period and Supertrend factor

## API Reference

### Configuration Inputs

- `show_strategy` (Boolean): Enables or disables the entire trading strategy. Default is `true`.
- Enables or disables strategy entry and exit conditions

- `use_supertrend` (Boolean): Toggles the Supertrend filter. Default is `true`.
- When enabled, shows the Supertrend indicator on the chart

- `atrPeriod` (Integer): Average True Range (ATR) period for Supertrend calculation. Default is `10`.
- Determines the sensitivity of the Supertrend indicator

- `factor` (Float): Multiplier for ATR in Supertrend calculation. Default is `3.0`.
- Adjusts the volatility threshold for trend changes

- `sl` (Float): Stop Loss percentage. Default is `1.5%`.
- Defines the maximum loss percentage for a trade

- `tp` (Float): Take Profit percentage. Default is `3.0%`.
- Defines the target profit percentage for a trade

### Strategy Components

#### Entry Conditions
- `longCond`: Long entry condition
- Triggered when the strategy is on and Supertrend direction is positive (uptrend)
- Uses `strategy.entry()` to open a long position

- `shortCond`: Short entry condition
- Triggered when the strategy is on and Supertrend direction is negative (downtrend)
- Uses `strategy.entry()` to open a short position

#### Exit Conditions
- `strategy.exit()` for long positions
- Exits long trades with predefined Take Profit and Stop Loss percentages

- `strategy.exit()` for short positions
- Exits short trades with predefined Take Profit and Stop Loss percentages

### Technical Indicators

#### Supertrend Indicator
- Calculated using `ta.supertrend(factor, atrPeriod)`
- Returns two values:
1. `supertrend`: The Supertrend line
2. `direction`: Trend direction (1 for uptrend, -1 for downtrend)

### Example Configuration
```pine
//@version=5
strategy("VSVTrend Strategy",
overlay=true,
default_qty_type=strategy.percent_of_equity,
default_qty_value=10
)

// Custom configuration
show_strategy = input.bool(true)
use_supertrend = input.bool(true)
atrPeriod = input.int(10)
factor = input.float(3.0)
```

## Project Structure

The project consists of a single Pine Script file for a TradingView trading strategy. Here's a breakdown of the project structure:

### Repository Contents
- `VSVTrend.pine`: The primary Pine Script file containing the trading strategy implementation
- `LICENSE`: The license file defining the terms of use for the project
- `README.md`: Project documentation and overview

#### VSVTrend.pine
This is the core script that implements the trading strategy. It includes:
- Strategy configuration and input parameters
- Supertrend indicator implementation
- Entry and exit conditions for long and short trades
- Stop loss and take profit mechanism

#### File Type
- `.pine`: A Pine Script file used for creating custom trading strategies and indicators on TradingView

## Technologies Used

### Programming Languages
- Pine Script (v5)
- Python (for machine learning components)

### Trading and Charting Platforms
- TradingView

### Frameworks and Libraries
- TradingView Pine Script Standard Library
- Potential machine learning libraries (referenced but not directly visible in the current codebase)

### Technical Analysis Tools
- Supertrend Indicator
- Average True Range (ATR)

### Development Tools
- TradingView Pine Editor
- Version Control (Git)

### Machine Learning
- AI/ML techniques for signal validation (implementation details not fully visible)

### Data Handling
- CSV for trade logging and potential model training data

## Additional Notes

### Performance and Optimization
The strategy is designed to be flexible across different market conditions and timeframes. Users can fine-tune performance by adjusting key parameters such as ATR period, Supertrend factor, and risk management settings.

### Risk Management
- Configurable Stop Loss and Take Profit percentages
- Default risk management set to 10% equity per trade
- Adaptive risk control through input parameters

### Compatibility
- Compatible with TradingView Pine Script version 5
- Works across multiple financial instruments and timeframes

### Known Limitations
- Requires TradingView platform for full functionality
- Performance may vary based on market conditions and selected parameters
- Backtesting results do not guarantee future performance

### Recommended Usage
- Conduct thorough backtesting before live trading
- Start with conservative risk settings
- Continuously monitor and adjust strategy parameters

## Contributing

We welcome contributions from the trading and programming community to help improve the VSVTrend Strategy. By participating, you can help make this open-source trading tool more robust and effective.

### How to Contribute

1. **Reporting Issues**
- Use GitHub Issues to report bugs, suggest improvements, or discuss strategy enhancements
- Provide clear, detailed descriptions of any problems or suggestions
- Include relevant context such as Pine Script version, TradingView environment, and specific use cases

### Contribution Guidelines

#### Code Contributions
- Ensure contributions align with the project's goal of creating an "alpha indicator" strategy
- Follow Pine Script best practices and maintain readability
- Test your changes thoroughly across different timeframes and market conditions
- Comments should be clear and explain complex logic

#### Technical Requirements
- Compatibility with Pine Script v5
- Maintain the current strategy structure
- Preserve existing features:
- Adaptive Stop Loss / Take Profit
- Supertrend filter
- Visual toggle functionality

### Feature Suggestions
We are particularly interested in improvements related to:
- AI/ML false signal detection
- Enhanced adaptive indicators
- Performance optimization
- Cross-timeframe strategy validation

### Pull Request Process
1. Fork the repository
2. Create a feature branch
3. Implement your changes
4. Add/update tests if applicable
5. Submit a pull request with a clear description of your modifications

### Code of Conduct
- Be respectful and constructive
- Focus on collaborative improvement
- Help maintain a positive, inclusive community environment

## License

This project is licensed under the [MIT License](LICENSE).

#### Key Permissions
The MIT License is a permissive open-source license that allows you to:
- Use the software commercially
- Modify the software
- Distribute the software
- Use the software privately
- Place a warranty on the software

#### Conditions
- Include the original license and copyright notice in any substantial portion of the software
- The software is provided "as is", without warranties of any kind

For the full license details, please see the [LICENSE](LICENSE) file in the repository.