Trend and Momentum With Exception Wave Indicator and Strategy: This strategy is hand made and I have spent days and many hours making it. The strategy is meant to determine the power between buyers and sellers, match the current power with a historic trend (through a moving average statistical equation), and finally volatility (measured with a mix between standard deviation from Bollinger Bands and HPV). Below will be a list of how to determine the inputs for the indicator
**For reference, all numbers, and settings displayed on the input screen are only what I HAVE FOUND to be profitable for my own strategy, Yours will differ. This is not financial advice and I am not a financial advisor. Please do your due diligence and own research before considering taking entries based on this strategy and indicator. I am not advertising investing, trading, or skills untaught, this is simply to help incorporate into your own strategy and improve your trading journey!**
INPUTS: EV: This is an integer value set to default at 55. This value is equated to the lead value, volatility measurement, and standard deviation between averages EV 2: This integer is used as the base value and is meant to always be GREATER THEN EV, the default is set at 163. There should be at least a 90+ integer difference between EVs for data accuracy. EV TYPE & EV TYPE 2: This option only affects the output for the moving average histograms. (and data inserted for strategy) Volatility Smoothing: This is the smoothness of the custom-made volatility oscillator. I have this default at 1 to show time-worthy-term (3.9%+) moves or significant trends to correspond with the standard deviation declination between EVMA and EVMA2. Directional Length: This is the amount of data observed per candle in the bull versus bear indicator. Take Profit: Pre-set takes profit level that is set to 4 but can be adjusted for user experience.
Style: Base Length: Columns equated using a custom-made statistical equation derived from EV TYPE 2+EV2 to determine a range of differential in historic averages to a micro-scale. Lead Length: Columns equated using a custom-made statistical equation derived from EV TYPE+EV to determine a range of differential in historic averages to a micro-scale. Weighted EMA Differential: Equation expressing the differences between exponential and simple averages derived from EV+EV Type 2. Default is displaying none, but optional for use if found helpful. Volatility: Represents volatility from multiple data sets spanning from Bollinger bands to HPV and translated through smoothing. Bull Strength: The strength of Bulls in the current trend is derived from a DMI+RSI+MACD equation to represent where the trend lies. Bear Strength: The strength of Bears in the current trend is derived from a DMI+RSI+MACD equation to represent where the trend lies.
CHEAT CODE'S NOTES: Do not use this indicator on high leverage. I have personally used this indicator for a week and faced a max of 8% drawdown, albeit painful I was on low leverage and still closed on my take profit level. 85% is not 100% do not overtrade using this indicator's entry conditions if you have made 4 consecutive profitable trades.
Mess around with the input values and let me know if you find an even BETTER hit rate, 30+ entries and a good drawdown!!
V2 UPGRADES: *Increased Opacity on Bull Bear Columns *Removed the Stop Loss Input option *Decreased EV2 to a default of 143 for accuracy *Added additional disclaimers in the description * Removed Bull/Bear offset values for accuracy
-Cheat Code BYBIT:BTCUSDT
Notas de Lançamento
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This will be the only update provided for this script.^ Consider it V2.5, V3 will be out shortly :)
T&M/E Wave V2.5 feature additions: *ADDED AN RMA+Alma VALUE TO THE OSCILLATOR -- this RMA can be represented by the red/green squares (Alma). --The addition of this moving value computed into my strategy functions move's the wave to93% hit rate (12.4:1 profit ratio)!! *ADDED THE INPUT STOP LOSS FEATURE FOR FLEXIBILITY
Everything else: *Removed the Maroon color to the volatility based on extreme values. *Decreased opacity again for bull/bear trends *Decreased histogram base value for volatility *Decreased opacity for ma area's *Increased plot result to bull/bear trend by two