Uber Baseline [UTS]

28 de dez. de 2019

Uber Baseline is a highly customizable Baseline component for any trading system. Different strategies can be applied making it a powerful tool for every trader.

General Usage

The Baseline is used as an indication of the prevailing trend and helps keeping the trader out of bad trades.
Price above the Baseline only allows for LONG trades and below Baseline only allows for SHORT trades.

On price cross upwards from below Baseline [l]and[/l] and candle close above Baseline the movement can be considered as bullish. Controversy if price crosses Baseline downwards from above [l]and[/l] and candle closes below the baseline the movement can be considered as bearish.
Hence, ENTRY Signals for LONG or SHORT can be derived from those Baseline crosses.

Furthermore, any Baseline cross can also be treated as valid EXIT signal for an open position as the movement indicates a possible shift in trend.

Price that moves with unusual high volatility into one direction often tends to not trend but instead pulls back. Overshoot of the base line (default setting: 1x ATR) is recognized but does not produce an ENRTY signal, only an EXIT signal.
Advanced techniques can incorporate the one-candle-rule waiting for pullbacks after Baseline overshot following a possible ENTRY in direction of the new trend.

Trend traders can also look for Baseline bounces after an ENTRY signal for confirmation and better trade entries.




Moving Averages

16 different Moving Averages are available:

• ALMA (Arnaud Legoux Moving Average)
  
• DEMA (Double Exponential Moving Average)
  
• EMA (Exponential Moving Average)
  
• FRAMA (Fractal Adaptive Moving Average)
  
• HMA (Hull Moving Average)
  
• JURIK (Jurik Moving Average)
  
• KAMA (Kaufman Adaptive Moving Average)
  
• Kijun (Kijun-sen / Tenkan-sen of Ichimoku)
  
• LSMA (Least Square Moving Average)
  
• RMA (Running Moving Average)
  
• SMA (Simple Moving Average)
  
• SuperSmoothed (Super Smoothed Moving Average)
  
• TEMA (Triple Exponential Moving Average)
  
• VWMA (Volume Weighted Moving Average)
  
• WMA (Weighted Moving Average)
  
• ZLEMA (Zero Lag Moving Average)
  

A freely determinable length allows for sensitivity adjustments that fits your own requirements.


Trend Visualization

If the predominant trend direction is DOWN the moving average is painted red. If the trend direction is UP the moving average is painted in green.
If the movement is FLAT then the color is gray.


Alerts

Traders can utilize the following signals to trigger alerts from:

• Bull Cross
  
• Bear Cross
  
• Overshoot Up
  
• Overshoot Down
  

Those values are > zero if a condition is triggered.
Alert condition example: "Bear Cross" - "GreaterThan" - "0"

1 de fev. de 2020

Notas de Lançamento

Changelog:

• Fixed trend visualization (trend is i]UP on candle closes above and vice-versa)
  
• Consolidate colors (baseline and up/dn signal)
  
• Hull 60 as default setting
  

-----

Uber Baseline is a highly customizable Baseline component for any trading system. Different strategies can be applied making it a powerful tool for every trader.

General Usage

The Baseline is used as an indication of the prevailing trend and helps keeping the trader out of bad trades.
Price above the Baseline only allows for LONG trades and below Baseline only allows for SHORT trades.
The baseline trend visualisation color helps you to easily identify those conditions.

On price cross upwards from below Baseline [l]and[/l] and candle close above Baseline the movement can be considered as bullish. Controversy if price crosses Baseline downwards from above [l]and[/l] and candle closes below the baseline the movement can be considered as bearish.
Hence, ENTRY Signals for LONG or SHORT can be derived from those Baseline crosses.

Furthermore, any Baseline cross can also be treated as valid EXIT signal for an open position as the movement indicates a possible shift in trend.

Price that moves with unusual high volatility into one direction often tends to not trend but instead pulls back. Overshoot of the base line (default setting: 1x ATR) is recognized but does not produce an ENRTY signal, only an EXIT signal.
Advanced techniques can incorporate the one-candle-rule waiting for pullbacks after Baseline overshot following a possible ENTRY in direction of the new trend.

Trend traders can also look for Baseline bounces after an ENTRY signal for confirmation and better trade entries.




Moving Averages

16 different Moving Averages are available:

• ALMA (Arnaud Legoux Moving Average)
  
• DEMA (Double Exponential Moving Average)
  
• EMA (Exponential Moving Average)
  
• FRAMA (Fractal Adaptive Moving Average)
  
• HMA (Hull Moving Average)
  
• JURIK (Jurik Moving Average)
  
• KAMA (Kaufman Adaptive Moving Average)
  
• Kijun (Kijun-sen / Tenkan-sen of Ichimoku)
  
• LSMA (Least Square Moving Average)
  
• RMA (Running Moving Average)
  
• SMA (Simple Moving Average)
  
• SuperSmoothed (Super Smoothed Moving Average)
  
• TEMA (Triple Exponential Moving Average)
  
• VWMA (Volume Weighted Moving Average)
  
• WMA (Weighted Moving Average)
  
• ZLEMA (Zero Lag Moving Average)
  

A freely determinable length allows for sensitivity adjustments that fits your own requirements.


Trend Visualization

The trend is assumed UP while candle closes are above Baseline. The Baseline is then colored green.
The trend is assumed DOWN while candle closes are below Baseline. The Baseline is painted red in this case.
Remember: price above the Baseline (aka green) only allows for LONG trades and below Baseline (aka red) only allows for SHORT trades.

Alerts

Traders can utilize the following signals to trigger alerts from:

• Bull Cross
  
• Bear Cross
  
• Overshoot Up
  
• Overshoot Down
  

Those values are > zero if a condition is triggered.
Alert condition example: "Bear Cross" - "GreaterThan" - "0"