OPEN-SOURCE SCRIPT
Grid Bot Setup Analyzer
Description: Grid Bot Setup Analyzer 📊🤖
The Grid Bot Setup Analyzer is a powerful statistical tool designed to help traders set their Grid Bot parameters based on actual historical data rather than guesswork. 📉✅
The main goal of this indicator is to analyze how much the price typically moves (maximum high and maximum low excursions) within a specific timeframe, providing you with the exact price levels to set your bot's upper and lower grid limits. 🎯
How It Works? 🛠️
The indicator monitors the price from the start of each chosen cycle and records how far it strayed (in percentage) from the opening price before the cycle ended.
1. Multi-Cycle Analysis ⏳ : You can choose to analyze excursions over different timeframes:
- Daily Session 🌙 : Analyzes specific hours (e.g., a night session from 23:00 to 07:00).
- Weekly/Monthly 📅 : Analyzes the entire week or month.
- Custom Days 🔢 : Set a fixed number of days (e.g., every 3 days or every 10 days).
2. Historical Statistics 📚 : The indicator looks back over a chosen number of cycles (e.g., the last 100 weeks) and calculates:
- Avg Positive Var 📈 : The average upward move.
- Avg Negative Var 📉 : The average downward move.
- Max High/Low Excursion 🚩 : The furthest points reached historically.
3. Real-Time Dashboard 🖥️ : A clear table displays these statistics and automatically converts them into real price levels based on the current live price. As the price moves, the suggested grid levels update instantly. 🔄
4. Chart Visuals 🎨 : The 4 statistical values are plotted directly on the chart as dynamic channels, allowing you to see at a glance if the current price is nearing its historical limits. 👁️🗨️
5. Smart Alerts 🔔 : At the start of every new cycle (e.g., every Monday morning or every evening at 23:00), you will receive an alert with the calculated target prices for your bot setup. 📧 How to Use It for Your Grid Bot? 💡
- Conservative Setup 🛡️ : Use the Max High and Max Low levels as your grid boundaries to cover even the most extreme historical moves.
- Aggressive Setup ⚡ : Use the Avg Positive and Avg Negative levels to focus your grid where the price spends most of its time.
- Visual Confirmation 📏 : Dashed vertical lines mark the start of each cycle, helping you understand the time structure of the analysis.
In short : This indicator takes the guesswork out of grid placement by providing precise, math-based data on where the price is likely to stall or reverse. 💎🙌
The Grid Bot Setup Analyzer is a powerful statistical tool designed to help traders set their Grid Bot parameters based on actual historical data rather than guesswork. 📉✅
The main goal of this indicator is to analyze how much the price typically moves (maximum high and maximum low excursions) within a specific timeframe, providing you with the exact price levels to set your bot's upper and lower grid limits. 🎯
How It Works? 🛠️
The indicator monitors the price from the start of each chosen cycle and records how far it strayed (in percentage) from the opening price before the cycle ended.
1. Multi-Cycle Analysis ⏳ : You can choose to analyze excursions over different timeframes:
- Daily Session 🌙 : Analyzes specific hours (e.g., a night session from 23:00 to 07:00).
- Weekly/Monthly 📅 : Analyzes the entire week or month.
- Custom Days 🔢 : Set a fixed number of days (e.g., every 3 days or every 10 days).
2. Historical Statistics 📚 : The indicator looks back over a chosen number of cycles (e.g., the last 100 weeks) and calculates:
- Avg Positive Var 📈 : The average upward move.
- Avg Negative Var 📉 : The average downward move.
- Max High/Low Excursion 🚩 : The furthest points reached historically.
3. Real-Time Dashboard 🖥️ : A clear table displays these statistics and automatically converts them into real price levels based on the current live price. As the price moves, the suggested grid levels update instantly. 🔄
4. Chart Visuals 🎨 : The 4 statistical values are plotted directly on the chart as dynamic channels, allowing you to see at a glance if the current price is nearing its historical limits. 👁️🗨️
5. Smart Alerts 🔔 : At the start of every new cycle (e.g., every Monday morning or every evening at 23:00), you will receive an alert with the calculated target prices for your bot setup. 📧 How to Use It for Your Grid Bot? 💡
- Conservative Setup 🛡️ : Use the Max High and Max Low levels as your grid boundaries to cover even the most extreme historical moves.
- Aggressive Setup ⚡ : Use the Avg Positive and Avg Negative levels to focus your grid where the price spends most of its time.
- Visual Confirmation 📏 : Dashed vertical lines mark the start of each cycle, helping you understand the time structure of the analysis.
In short : This indicator takes the guesswork out of grid placement by providing precise, math-based data on where the price is likely to stall or reverse. 💎🙌
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.