Superalgos - DCA Levels Long

DCA Levels Long

Summary: Dollar Cost Average (DCA) levels is an indicator that provides a set of take profit, stop loss signals and potential entry points based upon DCA principles. It is to be used for spot buying, or for long entries only, shorting is not currently suported by this indicator.

DCA Levels on the Charts:

For each candle, this indicator provides potential entry points marked as safetyDown, as well as potential take profit values. This indicator is based on using the Average True Range to provide the values and makes use of DCA principles to try and lower the overall cost of entry.

Для каждой свечи этот индикатор предоставляет потенциальные точки входа, помеченные как safetyDown, а также потенциальные значения тейк-профита. Данный индикатор основан на использовании среднего истинного диапазона для получения значений и использует принципы DCA, чтобы попытаться снизить общую стоимость входа.

DCA - (investopedia)

The following parameters can be modified by locating and opening the under -> under ’DCALevelsLong’ .

Products & Properties

The following properties are available to access:

Product Name	Product Variable	Properties
DCALevelsLong	DCALevelsLong	tp1Up...tp3Up, safety1Down...safety3Down, slLong, atr

Examples:

The Percentage calculation could be used to set a take profit or stop loss limit based on the desired percentage change.

The following example would set a take profit signal if the current candle close price rose above the tp2Up setpoint:

 if(chart.at01hs.DCALevelsLong.tp2Up < chart.at01hs.candle.close){
    let tp=chart.at01hs.candle.close
    }
 tp \\returns take profit variable

To implement DCA, this indicator can be used to set up buy orders at the desired safety levels, such as safety1Down, safety2Down and safety3Down.

Для реализации DCA этот индикатор можно использовать для установки ордеров на покупку на желаемых уровнях безопасности, таких как safety1Down, safety2Down и safety3Down.

As these values will change for each candle period, it is recommended to copy the value to a user defined variable, such as tradingEngine.tradingCurrent.tradingEpisode.userDefinedVariables.userDefinedVariable[0].value, at a set moment in time to prevent the value being overwritten with each new candle period:

Поскольку эти значения будут меняться для каждого периода свечи, рекомендуется в определенный момент времени копировать значение в переменную, определяемую пользователем, например, tradingEngine.tradingCurrent.tradingEpisode.userDefinedVariables.userDefinedVariable[0].value, чтобы предотвратить перезапись значения с каждым новым периодом свечи:

 let tp = tradingEngine.tradingCurrent.tradingEpisode.userDefinedVariables.userDefinedVariable[0].value
if ( tradingEngine.tradingCurrent.tradingEpisode.distanceToTradingEvent.takePosition.value == 1 ) {
    tp = chart.at01hs.DCALevelsLong.tp1Up
    tradingEngine.tradingCurrent.tradingEpisode.userDefinedVariables.userDefinedVariable[0].value = tp
    }
 tp \\returns take profit variable

Maintainer:

@pluvtech (Telegram)

Pluvtech Data Mine — TOC

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1. Pluvtech by @Pluvtech

2. Fisher Transform

3. Waddah Attar

4. MACD - Pluvtech's Version

5. Hull Moving Average

6. Exponential Moving Average

7. McGinley Moving Average

8. Simple Moving Average

9. Weighted Moving Average

10. Volume Weighted Moving Average

11. Fibonacci Bollinger Bands

12. TPSL Bands

13. MESA Adaptive Moving Average

14. Donchian-Tenkan

15. Percentages

16. DCA Levels Long

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