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Gaussian MFI BF

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The signals are based on the Gaussian Channel calculated by Donovan Wall. Thanks also to Kiasaki for Rate of Change code.

Simply going long and short based on Gaussian channel was not consistent enough so I also included an MFI filter. We only go long if Money Flow Index is greater than the last candle (more money is flowing in than out). The opposite for short. Also employed Rate of Change function (white background) to avoid sideways market.

A 2% stop loss seems to be the most balanced for this strategy but can can altered in the settngs.
Also included a take-profit function but it seems this is best not implemented for this strategy, at least in the case of XBT/USD.

A derivative of The MFI is also plotted on the chart simply to compare the current candle with the last candle visually.

Background color:
  • Green = Long
  • Red = Short
  • White = No Trade

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.