[KICK] NutshellThe Nutshell indicator gives you a true read of the market at quick glance – “in a nutshell”. The indicator contains components for volatility, momentum, trend strength, volume flow, price divergence detection, and impulsive move detection. This allows you to discern improved entry and exit points and accommodates many trading styles, systems, and strategies. It will work with most instruments and timeframes (though a few of the components do require volume, so some things like indexes won't work). The specific components of the indicator are:
Price action volatility indicator (the background zig-zags that are purple, orange, red, and pink). We are using a percentile ranking of ATR which gives a broader picture of the price volatility intra-bar than something like historical volatility percentile because it encompasses the range of price action and not simply the close of each bar. It is typically best to enter trades in the purple zone and “ride them out” through the higher volatility intervals.
Low volatility warning indicator (the bright green background highlights). When the ATR-PR is critically low, that means price volatility can only go on way (expand). These warnings are key to volatility strategies where knowing large moves are imminent is critical. While these warnings do not indicate the direction of the imminent move, there are plenty of other directional indicators present.
Gravity Tunnel Squeeze indicator (the yellow dots down the center-line, culminating in a yellow background highlight upon release). This is a slightly different take on the Momentum Squeeze indicator. In the traditional implementation a squeeze occurs when Keltner Channels move inside Bollinger Bands. In our implementation we use the Center of Gravity as a basis and measure when the Z-Score Deviation moves inside an ATR multiple. At the point of release you typically see an expansion of volatility, though often the signal presents earlier than an ATR-PR expansion. The longer the price action was under the squeeze the longer/farther the released price action is likely to go.
Swing Momentum indicator (white line with various red/green dots on it). The swing momentum indicator uses stochastic oscillators in the style of the ever-popular “Wave Trend” indicator to give a responsive read on the price action momentum. Green and Red dots indicate a change in direction of the momentum and when these occur in the extreme the center of the dot will be a black cross. Usually these extreme direction changes denote larger trend changes.
Momentum velocity indicator (blue area fill). This indicator can be used with the swing momentum line to determine how close/far the next direction change is away (every time the blue line crosses the zero-line a direction change occurs). The steeper the slope of this line also gives an indication of how fast the swing momentum is accelerating or decelerating.
Volatility Adjusted Volume Waves (the red/green dots across the top of the indicator) denote the current direction of price action based on cumulative volume weighted based on the ATR of the associated price action. While they are slower to respond than some of the other directional momentum components of this indicator, they can be treated as a pretty strong (conservative) confirmation of trend direction.
Strength of Trend (the blue/orange dots across the bottom of the indicator) is indicated with a Leaf-West variant of the ADX. Basically, if you see orange the price action is considered choppy and if it’s blue it’s trending. Depending on your time frame you can interpret these a bit differently. On smaller time frames you might consider the orange areas no-trade zones and wait until it turns blue.
Topping or Bottoming moves (Red triangles at the top or Green triangles at the bottom). We use a series of methods to detect likely reversal points (including checks for 10+ oscillator/price divergences). Since divergence is only confirmed after new local price highs/lows are established these reversal points won’t always be accurate, but we want to provide the earliest warning possible. Keep this in mind when taking action on them and wait a few bars for confirmation to be more conservative.
Pump and Dump warnings (red/green spirals that appear in the center of the indicator). Using 3rd generation moving average stochastics we get a very sensitive read on when they form patterns that typically precede large price action movements. These patterns work better for some markets than others so you will have to test with your instrument and timeframe to see how accurate they are for you. If you get one of these in conjunction with a red/green triangle and/or just after a low volatility or GT-Sqz release highlight, then buckle up.
The indicator also includes a number of custom alert conditions (all related to the above indicator components) that can be used to create alerts.
Use the link below to watch a tutorial video, request a trial, or purchase for access.
Swingtrading
Naleen's Entry IndicatorHi
This indicator uses a combination of moving averages and RSI to trigger entry and exit signals.
Use alongwith my VWAP Indicator to enter positions
Volume, Simple Relative Volume HighlightThis script plots volume bars and highlight bars that have an unusual activity, compare to the average (Standard: Simple Moving Average, 50 periods).
The script is useful for checking daily volume levels on equities. Where there is high volume, there is likely volatility, wich is good for day trading and swing trading entries.
Swing trading StrategyThis indicator based on capturing historical swing. It predicts future swing based on historical swing data. This is very useful for short term swing trading and gives best result on 30 minute chart.
TradeSense Breakout Strategy v1TradeSense is a Renko brick breakout trading system for short-term or intraday trade. It is also a trend following strategy using a confluence of multiple MA's to spot the underlying trend. Exit and Stop Loss is based on dynamic ATR to predict possible target based on ticker's real time volatility.
So far this has been back-tested on major cyrptos, and the same concept is applicable to other asset types. It is more suitable for lower timeframes (such as the 30m, 15m, and 5m) though you may try adjusting the parameters for higher timeframes.
Feel free to backtest it and comment below!
Optimum parameters:
BTCUSD-15m
- Noise Filter: 1
- ATRLength : 15
- SL coefficient : 2.0
- TP coefficient : 1.5
ETHUSD-15m
- Noise Filter: 7
- ATRLength : 16
- SL coefficient : 2.0
- TP coefficient : 1.5
SWING TRADE SIGNALSBUY & SELL Signals for higher timeframes based on Ema & Sma with RSI overbought/oversold dots for possible reversal indication.
It can be used for booking profit in the existing trade and take fresh position once the new candle breaks the high/low of alert candle depending upon the side.
Best work with 1h+ timeframes.
Buy BTC Helper -* Buy SPOT, sell to USD -Alerts- By Che_TraderThis is the alert version of my strategy
"Buy BTC Helper - Buy SPOT, sell to USD (BTC-ETH) - By Che_Trader"
For more information visit the link below
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To get access, you can send me a PM here or at a link in the tradingview profile.
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Simple Tops/Bottoms, [JackT]A percentage (pyramid) script for BTC/USD, Daily.
Breakdown
The script is following one simple rule:
- Percentage orders based on volume
This is a pyramid setup based on volume but I am handling each order manually which makes it a custom pyramid strategy.
Instead of doing 100% portfolio sell/buy orders this script focuses on the momentum of volume and calculates a percentage of the portfolio that should be traded.
The percentage rises with the level of continuous orders with the same type. This means that if a second sell order is emitted before any buy order the percentage to sell is gradually increased to be higher than the previous sell order. And vise verca with buy orders.
The calculation is exponential rising but it also makes sure that the trade rarely reaches 100%. This enables the script to stay in the market on almost all opportunties given by the indicators.
How to use
The script is created from 3 indicators including Lucid SAR which helps to indicate the major trend.
It is possible to change the settings of the script in order to change the outcome. The settings is fitted to work with BTC/USD and the same settings works somewhat okay with ETH/USD aswell. Though I would recommend to fit the settings to work better with other pairs.
As mentioned, the script focuses on volume , which mean that it works better with major coins.
Enjoy the script and please let me know your thoughts!
//JackT
Strategy - Bobo Intraday Swing Bot with filtersThis is an adapted version of my swing bot with additional filters that mean it works quite well on lower timeframes like 1min, 5 mins as long as you adjust the setting accordingly (reduce pivot timescale, band width)
Entry conditions are filtered by an invisible trend calculation running in the background so the bot doesn't repeatedly try and fail to fade a strong trend. It has just about everything you should need for basic use, stop losses and targets, automatically close trade at pivot.
I get good results on rangey instruments like major indices such as SPX / ES that kind of thing. Make sure you understand the minmum tick value of an index so the stop setting on the bot work properly
Hope it's useful!
Long Term Smart Money ExpertLong Term Smart Money Expert is quick guide indicator for long term trade or swing trade
It has used 35 moving average, 90 moving average and 200 moving average
Plotted lines are average value of 35 MA and 90 MA and 35 MA and 200 MA
Buy Signal generates on 35 MA crossover
Sell Signal Generates on 35 MA crossunder
This indicator needs Trend Lines +++ for better performance
Swing Algo V1.1Here I present an upgrade to 'Swing Algo V1'. For differences to V1, see below.
This indicator can be used for e.g. swing algorithmic trading. It will give Buy/Long and Sell/Short signals on the chart. This algorithm uses a combination of several (custom) functions and rules to find good entry points for trend trading. After many iterations and tests I came up with this particular setup, which is highly optimized for the $ETH/$USD trading pair on the daily (D) timeframe. It is however possible to change algorithmic parameters within the indicator settings to tune this swing algorithm for other assets and timeframes. You don't need any programming skills or similar abilities to navigate this indicator.
Also you can choose the backtest time interval to test the perfomance of this algorithm for different time windows and different trading pairs. Here various backtesting parameters (e.g. trading fees) can be customized. Additionally to the TradingView Strategy Tester you can also plot your equity directly on the chart to get a sense for the performance. For this you can also scale the equity graph to e.g. match the starting point of your equity with some price point on the chart to get a direct comparison to 'Buy & Hold' strategies over time.
Note: In general it seems that cryptocurrencies are rather swing-algorithm-friendly, while I cannot recommend trading classical assets like stock or indices (e.g. S&P 500) with this indicator (although you can of course try to find good setups).
This indicator (and all other content I provide) is no financial advice. If you use this indicator you agree to my Terms and Conditions which can be found on my Twitter profile linked on my TradingView profile or in my signature.
Differences to Swing Algo V1:
- Changed the oscillator part of the algorithm with a better suited one (at least) for the ETH/USD trading pair.
- Improved net profits by roughly 20% in comparison to V1 for ETH/USD on daily timeframe
- Reduced Max. Drawdown by roughly 1/4 in comparison to V1 for ETH/USD on daily timeframe
- However for other assets and timeframes V1 might perform better than V1.1. I leave you with both options to play so that you can find the best solution for a given trading pair.
For access please contact me via DM on TradingView or on Twitter (linked on my TradingView profile and my signature). People who purchased access to any 'Swing Algo 1.x' get access to all other 'Swing Algo V1.x' indicators automatically ('Swing Algo V1' counts as 'Swing Algo V1.0').
Swing Algo V1This indicator can be used for e.g. swing algorithmic trading. It will give Buy/Long and Sell/Short signals on the chart. This algorithm uses a combination of several (custom) functions and rules to find good entry points for trend trading. After many iterations and tests I came up with this particular setup, which is highly optimized for the $ETH/$USD trading pair on the daily (D) timeframe. It is however possible to change algorithmic parameters within the indicator settings to tune this swing algorithm for other assets and timeframes. You don't need any programming skills or similar abilities to navigate this indicator.
Also you can choose the backtest time interval to test the perfomance of this algorithm for different time windows and different trading pairs. Here various backtesting parameters (e.g. trading fees) can be customized. Additionally to the TradingView Strategy Tester you can also plot your equity directly on the chart to get a sense for the performance. For this you can also scale the equity graph to e.g. match the starting point of your equity with some price point on the chart to get a direct comparison to 'Buy & Hold' strategies over time.
Note: In general it seems that cryptocurrencies are rather swing-algorithm-friendly, while I cannot recommend trading classical assets like stock or indices (e.g. S&P 500) with this indicator (although you can of course try to find good setups).
This indicator (and all other content I provide) is no financial advice. If you use this indicator you agree to my Terms and Conditions which can be found on my twitter profile linked in my signature.
Bullyena SignalsWhat is Bullyena Signals?
-It is an indicator that aids the trader in making entry/exit decisions.
-Note that this is optimized for swing traders but you can also use this for scalping.
-The algorithm contains multiple modern indicators and some of them are proprietary.
Bullyena Signals usage:
-Gives entry/exit signals
-Shows the trend of the price using a bar color overlay.
-Shows trailing stops
-Shows buy/long and take profit signals
-Ichimoku cloud for trend confirmation
Installation
- For candlestacks, make sure to Right click > Settings > Symbol > disable wicks and borders.
Access and Documentation
- Message or PM me to know how to get access
Swing Trade Pros - Buy/Sell SignalsThe STP Buy/Sell Signals are real-time indicators that accurately show the swings in the market. When the shorter average crosses the longer average in the upward direction it triggers a Buy signal. and when crossing in the downward direction signals a Sell signal. You also have the ability to set up alerts to maximize your profit. With these signals it will help to reduce risk and easily recognize market patterns.
GMS: RSI StrategyThis is just a basic RSI strategy that it easy to use and quite comprehensive so you can quickly test out an idea based on RSI.
- I made it comprehensive in that you can select long, short, or both.
- There is a simple moving average trend filter. You can filter for trades above, below, or don't include it at all.
- The exit is based on a simple moving average.
The source code should be open if you want to see it or modify it for your own project. I hope it helps!
Andre
Global Market Signals
Tom Dante's Swing Failure PatternTom Dante's swing failure pattern regarding swings.
Explanation:
Swing high, price goes above swing high but closes below swing high = Bearish swing failure pattern (red)
Swing low, price goes below swing low but closes above swing low = Bullish swing failure pattern (green)
Might be good in combination with other indicators.
MXKE | Swing Trader AssistIntroduction
Swing Trader Assist indicator is designed to assist in the systematic identification of Hammers & Lookback signals within Uptrending markets, Stars & Lookback signals within Downtrending markets, and Mean Reversion signals within Sideways markets. The trader must first identify a strong market trend, then apply the indicator. Application of the indicator to weak trends will render equally weak signals. Application of the indicator to strong trends will render equally strong signals. Identification of strong trends is the responsibility of the individual trader and is instrumental to the successful deployment of this indicator and accompanying trading plan.
*Please comment below to request access*
*Please share with me on Twitter your usage and/or ideas for improvement so that I may improve this indicator in the future*
Market Types
Uptrend: Higher highs + Higher lows
Downtrend: Lower highs + Lower lows
Sideways: Higher highs + Lower lows (Expanding Range) or Lower highs + Higher lows (Narrowing Range)
Position Sizing
1R = .25%-2% of total nominal capital dependent upon timeframe and risk appetite
Order Types
Entry: Buy Stop 1 tick above High of “Up” Signal Bars; Sell Stop 1 tick below Low of “Down” Signal Bars
Stop: Bar Close <= 1 tick below Low of “Up” Signal Bar; Bar Close >= 1 tick above High of “Down” Signal Bar
Profit Target: 1.5R distance from “Up” or “Down” fill level with the option to trail stop on each new swing high/low; Bollinger Band Midline minimum 1.5R distance from “Sideways” fill level with option to trail stop on continuation to the opposite end of the range (opposite Bollinger Band)
Trading Plan
❑ Market Type is clearly identifiable as Up, Down or Sideways
❑ Swing Trader Assist indicator is set to the corresponding Market Type: Up, Down or Sideways
❑ Position size is no more than .25%-2% of total nominal capital (based on distance from Signal Bar fill level to Signal Bar stop level as 1R)
❑ Distance from Signal Bar fill level to potential Profit Target is minimum 1.5R
❑ On Hammer or Star fill: close position into trend extension at 1.5R+ or adjust trailing stop on each new swing high/low
❑ On Mean Reversion fill: close position at midline or adjust trailing stop on each continuation to opposite end of range
Usage Notes
The indicator will display developing signals intrabar and it is therefore suggested to wait until bar close to act on any signals. “Autodetect” setting under “Market Type” is currently in beta mode. While it is designed to reveal only relevant signals within strong trends based on a series of EMAs, this setting has not been extensively tested. Use with caution.
The indicator is not meant to be a mechanical trading system. It is designed to assist the trader in objectively and systematically identifying signal bars during the execution of the below swing trading plan. It is up to the trader to determine if overall price action warrants acting upon the signal bars or not.
Case Studies
[astropark] Trend Is Your Friend V3 [alarms]Dear Followers,
today another awesome Swing and Scalping Trading Strategy indicator, runnable on a bot , which works great on High Timeframes (1D is suggested) but also on lower ones (just write me in order to help you find correct settings) and even better on 1m Renko chart!
If you are a scalper, you will love suggested entries for fast profit. You can run it on 1h timeframe (below is not suggested, there is "no-trend" below 1h!) if you are used to scalp trading and close each trade whenever you feel happy (a proper trailing stop strategy is suggested anyway).
This is not an evolution of "Trend Is Your Friend V1" or V2 , but a twin sister or the "Trend Is Your Friend V1" indicator you can see here below
and twin sister or the "Trend Is Your Friend V2" indicator you can see here below
This strategy differs for the engine used as basis, but has the same usage settings:
enable/disable signals on chart
enable/disable showing trend cloud
enable/disable bar coloring based on trend
enable/disable background coloring based on trend
edit trend period length (direct message me in order to help you fine best settings)
edit a smart variant option to enhance the trend cloud on your chart
enable/disable an option to smart enter trade
This strategy only trigger 1 buy or 1 sell. In order to get notified when a signal is triggered, you need to use the "alarms" version of this indicator.
Strategy results are calculated on the timeframe from December 2012 to now, so on 8 years, using 10000$ as initial capital and working at 1x leverage (so no leverage at all! If you like to use leverage, be sure to use a safe option, like 3x or 5x at most in order to have liquidation price very far).
This is not the "Holy Grail", so use a proper risk management strategy.
This script will let you set all notifications you may need in order to be alerted on each triggered signals.
The one for backtesting purpose can be found by searching for the astropark's "trend is your friend v3" and then choosing the indicator with "strategy" suffix in the name, or you can find here below
This is a premium indicator , so send me a private message in order to get access to this script.
[astropark] Trend Is Your Friend V3 [strategy]Dear Followers,
today another awesome Swing and Scalping Trading Strategy indicator, runnable on a bot , which works great on High Timeframes (1D is suggested) but also on lower ones (just write me in order to help you find correct settings) and even better on 1m Renko chart!
If you are a scalper, you will love suggested entries for fast profit. You can run it on 1h timeframe (below is not suggested, there is "no-trend" below 1h!) if you are used to scalp trading and close each trade whenever you feel happy (a proper trailing stop strategy is suggested anyway).
This is not an evolution of "Trend Is Your Friend V1" or V2 , but a twin sister or the "Trend Is Your Friend V1" indicator you can see here below
and twin sister or the "Trend Is Your Friend V2" indicator you can see here below
This strategy differs for the engine used as basis, but has the same usage settings:
enable/disable signals on chart
enable/disable showing trend cloud
enable/disable bar coloring based on trend
enable/disable background coloring based on trend
edit trend period length (direct message me in order to help you fine best settings)
edit a smart variant option to enhance the trend cloud on your chart
enable/disable an option to smart enter trade
This strategy only trigger 1 buy or 1 sell. In order to get notified when a signal is triggered, you need to use the "alarms" version of this indicator.
Strategy results are calculated on the timeframe from December 2012 to now, so on 8 years, using 10000$ as initial capital and working at 1x leverage (so no leverage at all! If you like to use leverage, be sure to use a safe option, like 3x or 5x at most in order to have liquidation price very far).
This is not the "Holy Grail", so use a proper risk management strategy.
This script will let you backtest how the indicator will perform on any chart you may test. Of course results will be very different depending on the chart and timeframe you will open. I tested a lot of charts and always you can find a combination that keep this strategy in profit on swing trading style (and this means that if you can have a daily look at the chart you can always manage to maximize your profit on each trade!)
The alarms version of this indicator, which will let you set all notifications you may need in order to be alerted on each triggered signals, can be found by searching for the astropark's "trend is your friend v3" and then choosing the indicator with "alarms" suffix in the name.
This is a premium indicator , so send me a private message in order to get access to this script.
[astropark] Trend Is Your Friend V2 [alarms]Dear Followers,
today another awesome Swing and Scalping Trading Strategy indicator, runnable on a bot , which works great on High Timeframes (1D is suggested) but also on lower ones (just write me in order to help you find correct settings) and even better on 1m Renko chart!
If you are a scalper, you will love suggested entries for fast profit. You can run it on 1h timeframe (below is not suggested, there is "no-trend" below 1h!) if you are used to scalp trading and close each trade whenever you feel happy (a proper trailing stop strategy is suggested anyway).
This is a twin sister or the "Trend Is Your Friend V1" indicator you can see here below
This strategy differs for the engine used as basis, but has the same usage settings:
enable/disable signals on chart
enable/disable showing trend cloud
enable/disable bar coloring based on trend
enable/disable background coloring based on trend
edit trend period length (you have to increase it if you go on lower timeframes or you go on FOREX/Stocks market, direct message me in order to help you fine best settings)
This strategy only trigger 1 buy or 1 sell. In order to get notified when a signal is triggered, you need to use the "alarms" version of this indicator.
Strategy results are calculated on the timeframe from January 2015 to now, so on 5 years, using 10000$ as initial capital and working at 1x leverage (so no leverage at all! If you like to use leverage, be sure to use a safe option, like 3x or 5x at most in order to have liquidation price very far).
This is not the "Holy Grail", so use a proper risk management strategy.
This script will let you set all notifications you may need in order to be alerted on each triggered signals.
The one for backtesting purpose can be found by searching for the astropark's "trend is your friend" and then choosing the indicator with "strategy" suffix in the name, or you can find here below
This is a premium indicator , so send me a private message in order to get access to this script.
[astropark] Trend Is Your Friend V2 [strategy]Dear Followers,
today another awesome Swing and Scalping Trading Strategy indicator, runnable on a bot , which works great on High Timeframes (1D is suggested) but also on lower ones (just write me in order to help you find correct settings) and even better on 1m Renko chart!
If you are a scalper, you will love suggested entries for fast profit. You can run it on 1h timeframe (below is not suggested, there is "no-trend" below 1h!) if you are used to scalp trading and close each trade whenever you feel happy (a proper trailing stop strategy is suggested anyway).
This is a twin sister or the "Trend Is Your Friend V1" indicator you can see here below
This strategy differs for the engine used as basis, but has the same usage settings:
enable/disable signals on chart
enable/disable showing trend cloud
enable/disable bar coloring based on trend
enable/disable background coloring based on trend
edit trend period length (you have to increase it if you go on lower timeframes or you go on FOREX/Stocks market, direct message me in order to help you fine best settings)
This strategy only trigger 1 buy or 1 sell. In order to get notified when a signal is triggered, you need to use the "alarms" version of this indicator.
Strategy results are calculated on the timeframe from January 2015 to now, so on 5 years, using 10000$ as initial capital and working at 1x leverage (so no leverage at all! If you like to use leverage, be sure to use a safe option, like 3x or 5x at most in order to have liquidation price very far).
This is not the "Holy Grail", so use a proper risk management strategy.
This script will let you backtest how the indicator will perform on any chart you may test. Of course results will be very different depending on the chart and timeframe you will open. I tested a lot of charts and always you can find a combination that keep this strategy in profit on swing trading style (and this means that if you can have a daily look at the chart you can always manage to maximize your profit on each trade!)
The alarms version of this indicator, which will let you set all notifications you may need in order to be alerted on each triggered signals, can be found by searching for the astropark's "trend is your friend v2" and then choosing the indicator with "alarms" suffix in the name.
This is a premium indicator , so send me a private message in order to get access to this script.
[astropark] Trend Is Your Friend V1 [alarms]Dear Followers,
today another awesome Swing and Scalping Trading Strategy indicator, runnable on a bot , which works great on High Timeframes (1D is suggested) but also on lower ones (just write me in order to help you find correct settings) and even better on 1m Renko chart!
If you are a scalper, you will love suggested entries for fast profit. You can run it on 1h timeframe (below is not suggested, there is "no-trend" below 1h!) if you are used to scalp trading and close each trade whenever you feel happy (a proper trailing stop strategy is suggested anyway).
This strategy let's you edit following settings:
enable/disable signals on chart
enable/disable showing trend cloud
enable/disable bar coloring based on trend
enable/disable background coloring based on trend
enable a special option to enhance trend cloud on FOREX/Stocks charts (optional)
edit trend period length (you have to increase it if you go on lower timeframes, like 1h)
This strategy only trigger 1 buy or 1 sell. In order to get notified when a signal is triggered, you need to use the "alarms" version of this indicator.
Strategy results are calculated on the timeframe from August 2017 to now, so on almost 2 years and half, using 10000$ as initial capital and working at 1x leverage (so no leverage at all! If you like to use leverage, be sure to use a safe option, like 3x or 5x at most in order to have liquidation price very far).
This is not the "Holy Grail", so use a proper risk management strategy.
This script will let you set all notifications you may need in order to be alerted on each triggered signals.
The one for backtesting purpose can be found by searching for the astropark's "trend is your friend" and then choosing the indicator with "strategy" suffix in the name, or you can find here below
This is a premium indicator , so send me a private message in order to get access to this script.
[astropark] Trend Is Your Friend V1 [strategy]Dear Followers,
today another awesome Swing and Scalping Trading Strategy indicator, runnable on a bot , which works great on High Timeframes (1D is suggested) but also on lower ones (just write me in order to help you find correct settings) and even better on 1m Renko chart!
If you are a scalper, you will love suggested entries for fast profit. You can run it on 1h timeframe (below is not suggested, there is "no-trend" below 1h!) if you are used to scalp trading and close each trade whenever you feel happy (a proper trailing stop strategy is suggested anyway).
This strategy let's you edit following settings:
enable/disable signals on chart
enable/disable showing trend cloud
enable/disable bar coloring based on trend
enable/disable background coloring based on trend
enable a special option to enhance trend cloud on FOREX/Stocks charts (optional)
edit trend period length (you have to increase it if you go on lower timeframes, like 1h)
This strategy only trigger 1 buy or 1 sell. In order to get notified when a signal is triggered, you need to use the "alarms" version of this indicator.
Strategy results are calculated on the timeframe from August 2017 to now, so on almost 2 years and half, using 10000$ as initial capital and working at 1x leverage (so no leverage at all! If you like to use leverage, be sure to use a safe option, like 3x or 5x at most in order to have liquidation price very far).
This is not the "Holy Grail", so use a proper risk management strategy.
This script will let you backtest how the indicator will perform on any chart you may test. Of course results will be very different depending on the chart and timeframe you will open. I tested a lot of charts and always you can find a combination that keep this strategy in profit on swing trading style (and this means that if you can have a daily look at the chart you can always manage to maximize your profit on each trade!)
The alarms version of this indicator, which will let you set all notifications you may need in order to be alerted on each triggered signals, can be found by searching for the astropark's "trend is your friend" and then choosing the indicator with "alarms" suffix in the name.
This is a premium indicator , so send me a private message in order to get access to this script.
