Originally developed as a 1 minute trend following strategy and traded during the New York Session for it's typically high volume / likely trending nature, it provides entry signals based on the following logic:
For bullish entry signals:
The first bullish* candle (*defined by the Range Filter bar color logic, blue by default - which is not necessarily technically a bullish candle as defined by the OHLC values) which appears after the consolidation candles (also defined by the Range Filter bar color logic, orange by default), and where the Hull Suite moving average is also bullish.
For bearish entry signals:
The first bearish* candle (*defined by the Range Filter bar color logic, red by default - which is not necessarily technically a bearish candle as defined by the OHLC values) which appears after the consolidation candles (also defined by the Range Filter bar color logic, orange by default), and where the Hull Suite moving average is also bearish.
The indicator aims to filter out signals where possible consolidation is occurring and comes with styling options and alternative filter options such as a triple moving average trend detection method. Signals can also be filtered by a specific trading session. Standard options for the Range Filter and Hull Suite settings are also able to be customised within the settings menu.
Alerts
Various alerts are built-in, including the custom entry signals unique to this strategy.
Note: The above features listed above are accurate at the time of publishing, but may be altered in future.
Many thanks to guikroth & Insilico for sharing their open source indicators, and also to the original developer of the strategy itself for sharing it.
Thank you so much PHVNTOM TRADER for awesome script, God bless you abundantly
suvomoy17
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Thank u .. many days later released a good indicator.. your UO indicator works perfect .. next we need a great SMC tools from u .. hope it's coming soon .. Best of Luck .. God Bless U ..
PHVNTOM_TRADER
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@suvomoy17, love the UO. I'm playing with SMC stuff atm. combining bits of the makuchaku indicator and the luxalgo indicator to create setup alerts representing a full system. If I get my act together, I'll get it done and published once I have. Hope they help.
PS: CCI is a seriously underrated for divergences. Add it above your chart alongside the UO to compare them and see what you think. I reckon it's the best oscillator for divergences I've found. I loved the UO, it's very good, but don't even use it anymore. I'm all about the CCI.
And thank you!
Kenny_the_Great
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@tvenn, Right. CCI is very important and useful for locating tops and bottoms.
Jay1176
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@PHVNTOM_TRADER, Bro waiting for your full system, Love and Gratitude
haohnhd
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Thank you so much
lukean_anden
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if(tripleMAFilter) Error prompt 'if' cannot be used as a variable or function name.