PROTECTED SOURCE SCRIPT
VMATOR v1
VMATOR
Originally based on a personal strategy that i designed as i'm not familiar with every candlestick pattern and other strategies. This indicator is a something i created for my self trying to get better entries with lower risk. In my research and test back i found out that the lowest risk is found when entering to a position when price is close to VWAP and EMA 50 and 200. Hence the name of this indicator: VMATOR.
The indicator looks for the closest price to VWAP and those EMAs and generates a signal. It also makes an attempt to estimate exits based on the amount of times price retracts to the closest EMA.
This indicator works best if there are defined uptrends or downtrends. It may not work well during consolidations or accumulations.
If you trade Options consider that when the market opens you may have already a signal before. If by the time market opens price has not retracted to EMA 50 is safe to enter but it's up to you to define your risk.
Contact me if you have any questions.
Originally based on a personal strategy that i designed as i'm not familiar with every candlestick pattern and other strategies. This indicator is a something i created for my self trying to get better entries with lower risk. In my research and test back i found out that the lowest risk is found when entering to a position when price is close to VWAP and EMA 50 and 200. Hence the name of this indicator: VMATOR.
The indicator looks for the closest price to VWAP and those EMAs and generates a signal. It also makes an attempt to estimate exits based on the amount of times price retracts to the closest EMA.
This indicator works best if there are defined uptrends or downtrends. It may not work well during consolidations or accumulations.
If you trade Options consider that when the market opens you may have already a signal before. If by the time market opens price has not retracted to EMA 50 is safe to enter but it's up to you to define your risk.
Contact me if you have any questions.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.