Jesse 1.2.0: Indicator charts are finally here! — Transcript

Full transcript

1. 0:00Hey guys, it's Sole. Today I released
2. 0:01version 1.2 of Jesse, which has huge
3. 0:04improvements and bug fixes. And you can
4. 0:06read about that in the blog post that I
5. 0:09published about this release, and I'm
6. 0:10going to link to it down in the
7. 0:11description. But in this video, I want
8. 0:14to show you the highlight of this
9. 0:15release, which is probably the most
10. 0:17requested feature from the community,
11. 0:19and I couldn't be more proud of it. In
12. 0:21fact, it's going to change how you do
13. 0:22research with Jesse for your strategies
14. 0:25forever. So, let's get right into it.
15. 0:27So, to demonstrate how this new feature,
16. 0:29which is about charts, works, I'm going
17. 0:31to copy one of strategies from our
18. 0:33strategies listing page.
19. 0:36Let's get the code.
20. 0:39Let's go to the strategies page, create
21. 0:42a new one,
22. 0:43and
23. 0:44let's call it
24. 0:46chart demo.
25. 0:50And
26. 0:52I'm going to paste it here.
27. 0:55All right. So, let's go to back test,
28. 0:57and first make sure the interactive
29. 0:59charts option is disabled.
30. 1:02I'm going to change the beginning to
31. 1:052024, and
32. 1:08lower the ending up until the third
33. 1:11month.
34. 1:12And actually, I forgot the time frame,
35. 1:15so let's
36. 1:16check it out again. It's the 4 hours.
37. 1:18Okay. So, the 4 hours is fine. And we
38. 1:22named it chart demo.
39. 1:25The fast mode is on. All right. So,
40. 1:27let's run it.
41. 1:29Now, we're getting this error, which is
42. 1:31actually an error I've seen so many
43. 1:33beginners get, which is caused when you
44. 1:35forget to change the name of the
45. 1:37strategy you just copied to be the same
46. 1:39as you entered before. So, let me show
47. 1:41you what I mean.
48. 1:42So, the name of it is chart demo, but if
49. 1:44I go to the source code, it says trend
50. 1:47swing trader, but in here is chart demo.
51. 1:50So, let's change this
52. 1:53to be chart demo.
53. 1:55Go to the back test and run it again,
54. 1:58and this time it should go through.
55. 2:00All right. So, these are the results
56. 2:01that we're getting.
57. 2:03They are fine and decent.
58. 2:07But we weren't really getting any charts
59. 2:10for it, right? So, what if I wanted to
60. 2:12make sure that the indicators are
61. 2:14working the way we expected them, right?
62. 2:16Now, we had this feature where you could
63. 2:18export some settings and import it into
64. 2:20TradingView and check it there, but it
65. 2:22wasn't perfect, not at all. But now, I
66. 2:25can go to the source code for this
67. 2:26strategy. So, let me open my IDE. Going
68. 2:29to open chart demo, and these are the
69. 2:32indicators we're using, the ADX,
70. 2:34the trend, which is using three moving
71. 2:37averages,
72. 2:39and that's it. Now, the cool thing about
73. 2:42this new chart feature is that you can
74. 2:44use them anywhere in your strategy, but
75. 2:46it's probably the best to do it inside
76. 2:48either the before or the after method of
77. 2:50your strategy. So, I'm going to define
78. 2:52an after method. Actually, let's
79. 2:55run it first with the interactive charts
80. 2:57option enabled.
81. 3:02All right. So, this time, if I click on
82. 3:04view chart, you can see we have an
83. 3:06interactive chart, which I can zoom in
84. 3:08or zoom out, and it will tell me the buy
85. 3:11and sell points of the strategy.
86. 3:13So, this is pretty useful, right?
87. 3:16But as I said,
88. 3:18what if what if you want to know the
89. 3:20exact indicator values that like what
90. 3:23was the EMA when we bought, what was it
91. 3:26when we sold, stuff like that. So, let's
92. 3:28go back to the IDE. And
93. 3:31I'm going to define a new method called
94. 3:34after. Now, you can use these new
95. 3:36methods that I'm going to show you
96. 3:38anywhere in your strategy, but it would
97. 3:40be much more useful to do it inside
98. 3:43either the after or the before methods
99. 3:45of your strategy. And I'm going to use
100. 3:47the after one. So, I'm going to say add
101. 3:49line to candle chart.
102. 3:54And the first value is the title,
103. 3:57and I need this to be the the moving
104. 4:01average. So,
105. 4:03I'm going to copy these,
106. 4:07paste them here.
107. 4:09So, this is going to be
108. 4:15the E1,
109. 4:17and the value of it will be E1.
110. 4:21And the color option is optional, so I'm
111. 4:23going to let it be empty, but you can
112. 4:26specify a color if you want it. And if
113. 4:28you did, the syntax would be like this,
114. 4:31right? So, actually, for the first one,
115. 4:32let's do use it like this.
116. 4:35For the second one, we're going to do
117. 4:37E2, and the third one for E3.
118. 4:41All right.
119. 4:43So, let's go back,
120. 4:45close this, rerun it.
121. 4:50Now, if I go back here, you can see not
122. 4:53only we have the candles, we also have
123. 4:55the EMA values.
124. 4:59All right. It's really beautiful and
125. 5:01super helpful. So, we can see that yes,
126. 5:04when the EMAs were the other way around,
127. 5:07we started taking a short position.
128. 5:09The other way around, we took a long
129. 5:11position, and so on. We're also able to
130. 5:14add horizontal lines. Now, an example of
131. 5:16when you would use a horizontal line in
132. 5:19this chart would be to specify, let's
133. 5:20say, resistance and support lines. Maybe
134. 5:23that is especially for a mean reversion
135. 5:26or a grid strategy. But for this one,
136. 5:29let's just assume that this line here is
137. 5:32a support line, and we need to plot it
138. 5:34for whatever reason. So, you see the
139. 5:36price at this point was 42,500.
140. 5:40So, let's go back to the code. So, I can
141. 5:43say
142. 5:44add horizontal line to candle chart. The
143. 5:48first value would be title,
144. 5:50so I'm going to say support.
145. 5:53The value would be again
146. 5:5742,500.
147. 6:01And as for color, I can say, let's say,
148. 6:04green.
149. 6:05Now, we also have other options such as
150. 6:06the line width.
151. 6:10We can set it to two for a thicker line.
152. 6:13And we also have the line style, which
153. 6:15would accept either solid or I think
154. 6:18dotted.
155. 6:20Yes, dotted. All right. But I'm going to
156. 6:24leave it.
157. 6:25Now, if I go back
158. 6:27and run it again.
159. 6:29By the way, the really cool thing about
160. 6:31this whole thing is that we we didn't
161. 6:33specify the date. So, you just specify
162. 6:36the value that you want to display. The
163. 6:38date will be handled for you
164. 6:40automatically behind the scenes, which
165. 6:42is really cool. All right. So, let's go
166. 6:44back and check out the chart, and as you
167. 6:46can see, we now have a support line.
168. 6:49All right. And there's no limit. You can
169. 6:52plot as many as you like.
170. 6:53Now, let's go to the strategy again.
171. 6:56This time, I want to plot the ADX value,
172. 6:59but there's an issue with that. Because
173. 7:01the value for the ADX is between 1 and
174. 7:04100, right? But the price range for what
175. 7:08we are displaying here is BTC, and it's
176. 7:10around 55,000.
177. 7:13So, if I plot the values for ADX
178. 7:16like what like we did for the moving
179. 7:18average,
180. 7:20it's not going to be pretty.
181. 7:22So, let's say add line to candle chart,
182. 7:27and this time say ADX,
183. 7:31and give it the values.
184. 7:34All right. So, let's see how this would
185. 7:36look like.
186. 7:39And as you see, the values of the ADX
187. 7:43are barely visible, right? It looks like
188. 7:45a horizontal line, but that's not really
189. 7:47true. It's again, it's because they're
190. 7:49not in the same range. So, it doesn't
191. 7:51work. So, instead of add line to candle
192. 7:54chart, I can say add line to extra
193. 7:57chart.
194. 8:00Now, this function
195. 8:02will take one other parameter,
196. 8:05which is the first one, and it is called
197. 8:08the chart name. So, I'm going to give it
198. 8:10the name ADX, also.
199. 8:13And then the other one is the title.
200. 8:15Now, why do we have both of these?
201. 8:17Because you can have one chart with
202. 8:19multiple lines on it. And if you want to
203. 8:21do that, I would have to define another
204. 8:24one, leave the chart name to ADX, but I
205. 8:27could call this one something else. So,
206. 8:29for example,
207. 8:31so this is with the default period
208. 8:33number, which is 14, right?
209. 8:36So, I could define another one, and give
210. 8:38it the period of 21.
211. 8:40And here, I can give them the names, so
212. 8:43we can distinguish them later. But
213. 8:46again, the chart name has to be the same
214. 8:48for them to be displayed on the same
215. 8:50chart. So, now, actually, let's also
216. 8:54change the color.
217. 8:56Now, if we go back and rerun this.
218. 9:03All right. So, we're not seeing them
219. 9:04here.
220. 9:05Right. It's because I chose the wrong
221. 9:08function name. It's not add horizontal
222. 9:10line, because we don't have a chart yet.
223. 9:11So, needs to be add line add extra line
224. 9:15chart.
225. 9:16So, let's copy this, paste it here,
226. 9:19go back, and rerun it.
227. 9:25All right. So, now we have this other
228. 9:28chart called ADX, and we have two lines
229. 9:31on it, the ADX 21 and ADX 14,
230. 9:35with different periods.
231. 9:37And there's no limit for how many charts
232. 9:39you can use, and there's also no limit
233. 9:41for how many lines you can plot on each
234. 9:44chart. So, for the ADX indicator, we
235. 9:47typically want to display a threshold
236. 9:49value, and only take trades when the
237. 9:52value goes above that, right? So, we can
238. 9:54easily do that. First, let's see what
239. 9:57was our threshold.
240. 9:59It was 25.
241. 10:00So, here
242. 10:02I'm going to say self add horizontal
243. 10:05line to extra chart.
244. 10:07The first value has to be the name of
245. 10:08the chart, which was ADX.
246. 10:11And
247. 10:13as for title, let's say threshold.
248. 10:17The value is 25. The color is red.
249. 10:21The line what width is two. All right.
250. 10:24Let's go back. We run it.
251. 10:29And now we have that. So, we can easily
252. 10:31see
253. 10:32for example, why it didn't take any
254. 10:33trades here.
255. 10:35Why it didn't take trades
256. 10:37let's say here, right? But here it did.
257. 10:41All right. So, this is a super powerful
258. 10:43feature that I just added. It's not
259. 10:45perfect. I still need to add it for our
260. 10:47live trading feature. And we also need
261. 10:50to add another table where you can go
262. 10:52through your trades and let's say click
263. 10:55on whichever that looks suspicious to
264. 10:57you and immediately find it on the chart
265. 10:59to see what was going on in that moment.
266. 11:01But as it is, I find myself to use it
267. 11:03all the time when I'm researching a
268. 11:05strategy and I couldn't be more in love
269. 11:07with it. I hope you guys will enjoy it
270. 11:09as much as I did. And if you have any
271. 11:11feedback, any improvement you think I
272. 11:12should add to it, please let me know in
273. 11:14the comment section or on our Discord
274. 11:16server. Happy trading and I'll see you
275. 11:18in the next one.