Volume & Trend based tradingview script for Crypto. Stocks. FX.

'Get an edge trading & investing in the market nobody else has..'

The VTrend X Scalping Script

Scalping Script based on trend and volume weighted indicators that help you trade the market more efficiently

Key Features of the on chart Script

  • Volume Weighted Bands that act as dynamic support & resistance, and show true HTF or LTF trend, on any timeframe your trading on

  • Uptrends and Downtrends & Volume alerts within those based on Price Action

  • Breakout and Breakdown trend signals for taking trades

  • Reversal signals within the context of Price Action

  • Two sets of TrendLines to additionally show confluence for price direction

  • Colored bars to identify up or down trend

  • Daily, Weekly, Monthly & Yearly Open levels

  • Built in Pivot Points

  • Seperate alerts for all possible information given on the chart

  • Customizable to what information you find useful & how you trade

VTrend

$23.99 a month

The Vtrend Script.

The key standout feature of the Vtrend script is the Volume Bands in blue and red, that offer dynamic Support and Resistance information that when combined with Price Action, gives you valuable insight into the movements of the specific trading pair.

The Vtrend script is very customisable on what information you find most useful.There are the key signals and reversal information. As well as two sets of additional trend lines to show you where price is going to go next.Every single piece of information included on the chart, is designed to help you as a trader decipher what's really going on, and where to enter & exit a trade.

Trading at lower timeframes can mean just choppy trading without context.The main signals given, for both trades and potential reversals, have built in settings to specific timeframes on the 2hr+ / 1hr and 25 minutes, as not to overload you with signals that leave you in the dark about which way to take a trade.It enables you to spot and trade turnaround Price Action more easily at a lower time frame for a larger high time frame trend context.As you can see by the 1 hour BTC chart below.

Combined with the 25 minute BTC chart, of the same area of price action.

This script gives you what you need to be consistently profitable.


Backtesting Results

The backtesting has been carried out on Traderedge, the rules and settings have varied slightly for each trading pair according to the price action.Every single signal was taken, without regard for price action and other script information given, each trade was allowed to run until price tops or bottoms, or another signal occurs (note, the rules of the script differ).This is not necessarily the way I would trade using the script, however its useful in demonstrating how well the script is tuned for scalping based on the trend signals alone! Even though that's not the only way to trade the script.The backtesting is done with both percentage and risk/reward of differing balances, separately logged results below.The equity curves are calculated differently, the percentage tests are trading a bigger portfolio size each time, scaling. And should be taken as a reflection of percentage results.
The equity curve on the RR results is using a much smaller portfolio sizing for growth on each subsequent trade.


$5000 account size on USDCAD 1 hour chat. Taking every single signal for 74 trades, on a starting RR of 1.5:1. Trades allowed to run to their full potential.


Account size of $5000. Taking every signal for 97 trades on 1 hour timeframe, BTCUSD percentage results, with a 3% stop and letting profit run.


Account size of $5000, risking $500 per trade. Every signal traded for 58 plays on the 25 minute timeframe, BTCUSD, results by RR and entered by dollar amounts win or loss.


Initial balance of $5000, risking 10% every trade. Trading every signal for 44 trades on 1 hour timeframe for US30, this was calculated by RR and entering in profit in dollars, letting trades run.


For this backtest, i purposely increased the amount of signals we could trade with, which results in more signals when Price is going sideways. Meaning we catch every serious breakout or breakdown, but there are very choppy trades to deal with in between.. Therefore more hit to our win ratio.Starting with an account size of $2500, risking 10%, trades were taken on the 1 hour timeframe for ETHUSD, and used RR for results in dollar profit. Exits were taken as I personally would trade.

Whether your investing, or looking for daytrading and scalping signals.
Enhance your trading with Vtrend.

Volume & Trend based tradingview script for Crypto. Stocks. FX.

'Get an edge trading & investing in the market nobody else has..'

The VTrend X Scalping Script

Scalping Script based on trend and volume weighted indicators that help you trade the market more efficiently

Key Features of the on chart Script

  • Volume Weighted Bands that act as dynamic support & resistance, and show true HTF or LTF trend, on any timeframe your trading on

  • Uptrends and Downtrends & Volume alerts within those based on Price Action

  • Breakout and Breakdown trend signals for taking trades

  • Reversal signals within the context of Price Action

  • Two sets of TrendLines to additionally show confluence for price direction

  • Colored bars to identify up or down trend

  • Daily, Weekly, Monthly & Yearly Open levels

  • Built in Pivot Points

  • Seperate alerts for all possible information given on the chart

  • Customizable to what information you find useful & how you trade

The Vtrend Script.

The key standout feature of the Vtrend script is the Volume Bands in blue and red, that offer dynamic Support and Resistance information that when combined with Price Action, gives you valuable insight into the movements of the specific trading pair.

The Vtrend script is very customisable on what information you find most useful.There are the key signals and reversal information. As well as two sets of additional trend lines to show you where price is going to go next.Every single piece of information included on the chart, is designed to help you as a trader decipher what's really going on, and where to enter & exit a trade.

Trading at lower timeframes can mean just choppy trading without context.The main signals given, for both trades and potential reversals, have built in settings to specific timeframes on the 2hr+ / 1hr and 25 minutes, as not to overload you with signals that leave you in the dark about which way to take a trade.It enables you to spot and trade turnaround Price Action more easily at a lower time frame for a larger high time frame trend context.As you can see by the 1 hour BTC chart below.

Combined with the 25 minute BTC chart, of the same area of price action.

This script gives you what you need to be consistently profitable.


Backtesting Results

The backtesting has been carried out on Traderedge, the rules and settings have varied slightly for each trading pair according to the price action.Every single signal was taken, without regard for price action and other script information given, each trade was allowed to run until price tops or bottoms, or another signal occurs (note, the rules of the script differ).This is not necessarily the way I would trade using the script, however its useful in demonstrating how well the script is tuned for scalping based on the trend signals alone! Even though that's not the only way to trade the script.The backtesting is done with both percentage and risk/reward of differing balances, separately logged results below.The equity curves are calculated differently, the percentage tests are trading a bigger portfolio size each time, scaling. And should be taken as a reflection of percentage results.
The equity curve on the RR results is using a much smaller portfolio sizing for growth on each subsequent trade.


$5000 account size on USDCAD 1 hour chat. Taking every single signal for 74 trades, on a starting RR of 1.5:1. Trades allowed to run to their full potential.


Account size of $5000. Taking every signal for 97 trades on 1 hour timeframe, BTCUSD percentage results, with a 3% stop and letting profit run.


Account size of $5000, risking $500 per trade. Every signal traded for 58 plays on the 25 minute timeframe, BTCUSD, results by RR and entered by dollar amounts win or loss.


Initial balance of $5000, risking 10% every trade. Trading every signal for 44 trades on 1 hour timeframe for US30, this was calculated by RR and entering in profit in dollars, letting trades run.


For this backtest, i purposely increased the amount of signals we could trade with, which results in more signals when Price is going sideways. Meaning we catch every serious breakout or breakdown, but there are very choppy trades to deal with in between.. Therefore more hit to our win ratio.Starting with an account size of $2500, risking 10%, trades were taken on the 1 hour timeframe for ETHUSD, and used RR for results in dollar profit. Exits were taken as I personally would trade.

Whether your investing, or looking for daytrading and scalping signals.
Enhance your trading with Vtrend.

FAQ


  • How can i buy the script?

Purchase from this page here. During purchase it's important you give an accurate email address and your Tradingview Username so the script can be added for you, under the 'Invite Only' section of indicators in Tradingview


  • Is this script suitable for automated trading?

At your own risk!! In terms of the entries, yes potentially on the hourly chart, so long as the settings are right and you have backtested, you can always add on an entry that gives good confirmation.
For exits, definitely not. The exits must be managed manually due to the nature of the scalping signal calculations.
This script has NOT been backtested in an automated setting.


  • If i have an audience, do you have an affiliate program?

Yes, you can get involved by contacting us via email : info@vtrendscript.com
or visiting this link to sign up : https://vtrendscript.gumroad.com/affiliates


  • Do you accept Crypto?

Currently we are not supporting this, but we are looking into a payment processing solution for it. Stay tuned.


  • How do i find my tradingview username to submit for access to the script?

On the Tradingview website, top right hand corner, click on your profile picture, your username will be displayed there

Alternatively you can click on 'profile settings', shown above, and see your username inside your profile as shown below


  • where do i find my indicator in Tradingview?

Check the 'invite only' section of the indicators tab


  • It's been over 24 hours, I can't see my indicator?

If you have checked in the 'Invite Only' section already, please contact support here - info@vtrendscript.com


  • How do I cancel my subscription?

If you want to cancel the subscription, you can either do this yourself via the email you received when signing up, as shown below and click 'Manage membership' and 'Cancel membership'Alternatively contact a member of the team via email with your details - info@vtrendscript.com


  • What are the best timeframes & settings to use for the script?

The best timeframe that is backtested, is the Hourly.
(Signal Input default is 3, for the hourly 4 is less noisy. 3 will give you more signals to play with, but increases the choppiness on some pairs).
Recommended timeframes for which the settings are tuned; Weekly, 3Day, Daily (for key liquidity areas) and trading on the 4h, 2h, 1h, and 25 minutes.

A table of tested pairs and settings;

PairTimeframeSignals InputsReversal InputsATR MultiplierMA Filter
BTCUSD1 hr32.85.5NA
ETHUSD1 hr42.85.5NA
USDCAD1 hr42.85.5NA
GBPUSD1 hr42.85.5NA
US301 hr42.85.5NA
BTCUSD4 hr2.52.53.5NA
BTCUSD25 mins52.55.5NA

Purchase Vtrend.

'Trading tools that give you an edge trading the market!'

Subscription Access to the Vtrend Bundle.

  • Vtrend X Indicator

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$23.99 / Month

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© VTrendScript 2022. All rights reserved.

The Vtrend X Script.

Key features of the script, and what they represent;Black Diamonds - These signify an area of potential price action reversal.Green and Red Circles - These are trend signals that price is on the move, they are green and red as they are with the current trend and meet all the conditions & filters for believing this is an area you should watch or simply trade, depending on the price action.Orange and Purple Circles - These are also signals the price is going up or dow, but because they didn’t meet the exact conditions and filters they can be considered slightly risky.
You should be looking at Price Action and other on chart information to make a decision on whether to trade.
Olive Circles - These are risky signals that are against the trend and other confluences.The Blue and Red Volume Bands - The volume weighted bands in blue and red, help determine the medium to longer term trend, as well as dynamic support and resistance.The Key Open Levels - These are the Daily, Weekly, Monthly and Yearly open levels displayed as different colored dots. Price uses them as support or resistance, I use the Daily as a key level to often open up trades off.The Basis Line - This is a trend colored basis line, that determines the default bar color from blue to black, this is put in place to help you see turnaround price action more easily, and to take scalping trades.EMAs - There is a green and a red EMA in place for trend filtering the color of the signals, you can adjust the lengths as you see fit. By default these are turned off.Pivot Points - The default is Camarilla pivot points, and are useful on any timeframe for trading from level to level.


Trading the Vtrend Script

You need to consider the full information the script is giving you on chart. Looking at the default setup enabled when you add the script to your tradingview chart, you should be looking at the following;

Volume Bands.When the blue band dips below the red band, this tells us there is a downtrend. And when the blue band is trending above the red band, this is bullish uptrend price action.You will be able to note that the price action, whatever the timeframe really respects these bands, and you can use that to your advantage flicking through the high timeframes on where price will go next, combined with your own support and resistance levels.It will also show you on the higher timeframes 4h, 1h whether there is a longer term bearish market or bullish, meaning you should either only be looking for shorts or longs respectively.This will save you from trying to find the bottom or the top of high time frame moves.
Note the highlights in red below.


The Diamond Reversals.The script reversal calculations should be taken as a chance of reversal, as they do not take into account coin fundamentals or market news.The diamond reversals, on any timeframe are calculated from candle closes and signal length in the custom settings.You should use these as potential reversals in price action, and take profit points from any positions you already have.However I have found them useful, when other confluences agree, as an entry for either a long or short position - I always wait and watch developing price action in this use, never just ape-ing in!

*


Candle Colors and Basis Lines.The next features to consider are the candle colors and the colored basis lines which identify trend on the X script.Below is the candle color system for the X scalping script. Blue is trending up, Black is trending down, when above or below the green and red basis line.You can use these features solely to take trades or in conjunction with the circle signals if you wish.
The highlights below show where I would be examining price action and its reaction, combined with all the information the script is giving me, to either long or short without using the colored circle signals.
Note : Always wait for confirmation of trend!!


ATR Line.Included there is an Aver True Range line to help you filter whether the trend is bullish or bearish, you can also use it as a guide on where to place your stop loss, or take your profit after price action has run, and is testing this line.


Key Open Levels.Aside from you marking out your own high time frame support and resistance lines or simply using the inbuilt pivot points. The way I personally refine my entries is playing off the key open levels.Firstly the daily, then the weekly and monthly.Price always tests and respects these levels I have found. Rather than try and force a trade off an area of price action, I have found for my own trading style, playing off the daily open is great for risk/reward.Shown in highlights below, for the daily opens which are in orange.

Further illustrated more cleanly below, when price is going on a serious correction, and you want to risk an entry, watching the daily level and any subsequent breakdown, gives you an ideal level to keep shorting off.


The Circular Signals.

First thing to note, when you get a signal, always consider the Price Structure, go to a higher timeframe if necessary, unless other confluences on chart, match up to show exactly what a signal is indicating as well, I wait to see what Price does next.Green and red circles are signals on trend that have been through the filter.I strongly consider the orange and purple trend signals, I await for price to develop before taking a position, and all becomes clear.Olive signals are risky and against all trend information, based on price action I will decide whether to take one of these trades.


Pivot Points.

You can see the above pivot points can be used as level to level plays, R (R1-5) means resistance and S (S1-5) means support!
The default is Camarilla, however you can choose your desired type.


Key takeaways.Please consider the following as guidelines to remember;

  • This script has been heavily tested on BTCUSD, ETHUSD, GBPUSD, US30. Other trading pairs should be fine with the default settings, but you may want to play around with them to find more confluence.

  • On non tested pairs, tune the signal inputs on your trading pair and perform backtesting to gauge the accuracy, 100 trades ideally.

  • Price action will always do what it wants to, any indicator cannot do prediction with 100% accuracy. Otherwise what you really are after is a time machine. However I consider the Vtrend scalping script very good on higher timeframes (1 hour & above) for showing what price is going to do next on a longer time frame.

  • Reversals of any kind (Diamonds / Circles) are not absolute. When they appear watch price action from them.

  • The Volume weighted bands are tuned to the settings for most confluence in the market for use as dynamic support & resistance. Again price action will do what it wants, sometimes it will just go straight through them after certain movements.

  • The script is giving you information, never rush in, always watch price action. There's always another entry or trade entirely.

  • When you first look at the script, take some time looking back in time on the chart to see how price reacts to everything on the indicator.

  • Find out what is useful for your trading style, if something doesn't fit or isn't useful, turn it off, you don't have to have every setting on within Vtrend. You want as little noise on chart as possible!!

On chart.

  • When a colored circle trend signal is given, unless the price action suggests a sudden movement, I always wait to see further price action develop rather than ape in with a position. Take into context the rest of the information on the chart too.

  • The reversal diamonds are the first preference to use, before the colored plus reversals which are very sensitive and best a higher timeframes.

  • On the Vtrend X script, the blue bars are for uptrend and the black bars are downtrend, the change is marked by candle closes over the basis line, colored green and red.

  • When the blue and red volume bands are spending a lot of time crossing over eachother in a tight price range, this is just chop and I prefer not to trade this area of price action, unless i am scalping a very low timeframe with this higher timeframe context in mind.

These are the core components of the Vtrend scripts, any questions on further trading please drop me an email! info@vtrendscript.com

The best timeframe that is backtested, is the Hourly.
(Signal Input default is 3, for the hourly 4 is less noisy. 3 will give you more signals to play with, but increases the choppiness on some pairs).
Recommended timeframes for which the settings are tuned; Weekly, 3Day, Daily (for key liquidity areas) and trading on the 4h, 2h, 1h, and 25 minutes.

A table of tested pairs and settings;

PairTimeframeSignals InputsReversal InputsATR MultiplierMA Filter
BTCUSD1 hr32.85.5NA
ETHUSD1 hr42.85.5NA
USDCAD1 hr42.85.5NA
GBPUSD1 hr42.85.5NA
US301 hr42.85.5NA
BTCUSD4 hr2.52.53.5NA
BTCUSD25 mins52.55.5NA

Enhance your trading with the Vtrend Scalping ScriptTry for only $23.99 a month

© VTrendScript 2022. All rights reserved.

Thank you for your purchase!

Allow upto 24 hours for you to be added to the Tradingview script.Any further questions, please refer to the contact details on the FAQ page.There will be instructions on the tradingview script page, but also please see the guide on how to use, below;

© VTrendScript 2022. All rights reserved.

Becoming an affiliate

If you have web traffic related to trading (any type) or tradingview the charting platform, and you wish to advertise Vtrend and earn revenue, then we'd like to hear from you.We pay 90% commission, and you have a 30 day cookie when anyone clicks your link.You can apply through the buttom below or email info@vtrendscript.com

© VTrendScript 2022. All rights reserved.

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