RSI+CMO Hybrid StrategyThis strategy is based on the RSI+CMO Hybrid Index I created. I modified both the original RSI and CMO so that the RSI+CMO Index value ranges from -100 to +100 and defined as follows. When the RSI+CMO Hybrid Index values close above the Bull Level and below the Bear Level, the strategy will trigger long and short signals respectively. This newly defined hybrid RSI+CMO indicator showed better win rates and better profits than the original CMO strategy. The default setting for this strategy is optimized for an 8-hour candle. For candles at different times, try to find the optimal value yourself.
* I was going to open the script, but recently there was a case of stealing my script and publishing it without permission, so I decided not to disclose it.
▶ Modified RSI = Original RSI - 50
Therefore,
Original RSI (0 ~ 100) → Modified RSI (-50 ~ +50)
▶ Modified CMO = Original CMO * 0.5
Therefore,
Original CMO (-100 ~ +100) → Modified CMO (-50 ~ +50)
▶ RSI+CMO Hybrid Index = Modified RSI + Modified CMO
Therefore,
RSI+CMO Hybrid Index (-100 ~ +100)
________________________________________________________
이 전략은 기존의 RSI와 CMO 지표를 수정하여 새롭게 정의한 하이브리드 RSI+CMO 지표를 기반으로 만들어졌습니다. 지표 값의 범위가 -100에서 100의 범위를 가질 수 있도록 기존의 RSI와 CMO를 수정하여 만들었습니다. RSI+CMO Hybrid Index 값이 Bull Level 이상과 Bear Level 아래에서 봉마감을 하면 이 전략은 각각 롱과 숏 신호를 트리거합니다. 이렇게 새롭게 정의된 RSI+CMO 지표는 기존 CMO 전략 대비 승률과 수익이 더 우수합니다. 이 전략의 세팅 기본값은 8시간봉에 최적화 되어있습니다. 다른 시간대 봉에서는 최적값을 직접 찾아보십시오. 그리고 이전략은 RSI+CMO Hybrid Index와 함께 사용하면 Long과 Short 신호를 예측할 수 있어 편리합니다.
* 최근에 제 스크립트를 도용/표절하여 무단으로 퍼블리쉬한 사례가 발생하여 더 이상 스크립트는 공개하지 않기로 하였습니다.
Cari dalam skrip untuk "the script"
1St Bar GAP+BkOut Screener v2 by RMFirst Bar Gap and subsequent conditions are used as one of the several strategies for Day traders.
This script runs on first bar and checks if the stocks has an initial Gap (up or down), then checks for next bars to be inside the boundaries of the first candle
you can customize this screener according to your requirement. There are a number of very clever people I have taken bits of code and ideas, thanks to you all :)
Used part of this code as published by @PineCoders and Public Libraries. Also add some power query code to help you create the symbols input in the script
Disclaimer: This is not a Financial advisory tool. For education purposes only. * Use at your own risk *
Outline:
gap up/ gap down on 1 min first candle -> good
2nd candle inside 1st candle -> good
3rd to nth candle to break out from first candle range -> good /alert/ Plot flag
//M (Excel power query) code to load and format watchlist from txt file format
//Input: , Output:
let
// replace and for the correspondign values in your computer
Source = Csv.Document(File.Contents("C:\ \ "), ),
#"Transposed Table" = Table.Transpose(Source),
#"Sorted Rows" = Table.Sort(#"Transposed Table",{{"Column1", Order.Ascending}}),
#"Added Index" = Table.AddIndexColumn(#"Sorted Rows", "Index", 1, 1, Int64.Type),
#"Changed Type1" = Table.TransformColumnTypes(#"Added Index",{{"Index", type text}}),
#"Inserted Merged Column1" = Table.AddColumn(#"Changed Type1", "Merged", each Text.Combine({"0", }), type text),
#"Inserted First Characters" = Table.AddColumn(#"Inserted Merged Column1", "Two Characters", each Text.End( , 2), type text),
#"Removed Columns" = Table.RemoveColumns(#"Inserted First Characters",{"Index", "Merged"}),
#"Inserted Merged Column" = Table.AddColumn(#"Removed Columns", "Merged", each Text.Combine({"s", , " = input( '", , "' , type=input.string)"}), type text)
in
#"Inserted Merged Column"
//--> once input string is created Copy&Paste in this code after // Symbols _ Use Power Query in Excel
// end of M code to load watchlist from txt format
Strategy TemplateTrying to include few basic things which is needed for strategy which can be used as template.
Few important components
Strategy parameters
Few important parameters include - initial_capital, default_qty_type, default_qty_value, commission_type, pyramiding and commission_value. All my strategies will have similar settings with initial captial set to 20000 to 100000. 100% of equity per trade with no pyramiding (set to 1) and minimal commission.
margin_long and margin_short can be used for leveraged trading. But, since we are not using pyramiding, it will make no effect.
Trade Limiting parameters
Two types of limiting is available in the scripts
Limiting trading direction : this is done through method strategy.risk.allow_entry_in and input parameter tradeDirection
Limiting trades to particular time window : This is achieved through adding start time and end time parameters of type input.time and check whether time is within this window
Custom Methods
customized security method to get higher timeframe data
customized moving average method to get moving average of any type
Custom Parameters
Moving average Type option list which I use quite often. Any strategy where there is need to use moving average, I try to scan through different moving average types and lengths to see which one is more appropriate for the given strategy. Hence, keeping this parameter in template to make it readily available when I start with new strategy
waitForCloseBeforeExit - this is used if trailing stop need to activated as soon as price hits the stop or only on close price. This is again something I switch quite often based on strategy. Hence, keeping this as part of the template.
Entry and Exit statements for long and short
These statements from line (57 to 62) can remain as is even with new strategy. Only thing to be set are variables - buyCondition, sellCondition, closeBuyCondition and closeSellCondition
Last but not the least
In pinescript, a long and short position cannot coexist in a strategy at any point of time. Any short positions created will automatically stop long positions and vice versa. Hence, it is important make short and long trades mutually exclusive. In this example, I have used 200 weekly moving average as trend bias. No short positions are taken when price is trading above 200 weekly moving average low/close and no long positions are taken when price is less than 200 weekly moving average high/close. Any rule built on top of this (In this case a simple supertrend rules) ensures that there are no conflicting signals and hence avoids confusing trades on the stratgy.
George MartinENG:
This script is based on a simple principle - MartinGale. Each subsequent entry, if the price goes in the wrong direction, increases the number of contracts taking into account the coefficient and also changes the entry price taking into account the coefficient. The coefficients can be configured so that the script keeps the drawdown up to 85%. For instructions and connection - write.
RUS:
Этот скрипт основан на простом принципе - Мартин Гейл. Каждый следующий вход если цена идет не в нужную сторону, увеличивает количество контрактов с учетом коэффициента и также меняется цена входа с учетом коэффициента. Коэффициенты можно настроить таким образом чтобы скрипт держал просадку до 85%. Для инструкций и подключения - пишите.
MACd+200EMAIndicator used:
MACD default values.
EMA 200
How the script works:
When MACD line Crosses the signal line below the 0 histogram value while candles are above 200EMA a buy signal generated .
When signal line Crosses the MACD line below above 0 histogram value while candles are below 200EMA a buy signal generated .
Default SL and TP:
By default I have set TP =20 pips and SL=20pips
How to manage the trades:
You can manage the trades according to your own rules.
This script shows only the BUY and SELL signal generation and EXIT points when the trade reach 20 pips profit or loss
MACD Long StratFirst script I've written, but the concept is pretty simple. This uses the MACD with settings fast_SMA = 6 and slow SMA=16 and uses the distance between the 2 (histogram) to look for potential trend reversals to flag potential entries for Long trades. It waits for the confirmation looking backward 2 x timeframes (to reduce false calls slightly). You can adjust it to open / close quicker (1 timeframe instread of 2) but backtesting shows 2 timeframe delay is best to avoid false signals.
The script suggests Long entry points based on this criteria and uses the converse (reducing histogram / SMA difference delayed by 2 timeframes) to suggest exit or trade close points for downward reversal. It was originally written looking at 1m scalps but backtesting shows this is even more effective on higher timeframes (1D).
Volume AdvancedI have found out this script some time ago. In fact it is not my code (just have modified a little) and I don't know the author (couldn't find). So now I would like to share with the community, maybe somebody would have some idea how to make it better. The script itself is modified volatility oscillator (like ATR) based on volume, making a deal at the moment of price change. To recognize the current trend I have add simple function just to compare the current price with the N bars before, because sometimes in moments of high volatility there may be wrong signals.
Oscillator Evaluator (Analysis tool)Oscillator Evaluator (Analysis tool)
The oscillator evaluator is a tool that will help you analyse and compare the oscillator of your choice to another 2 oscillators.
By selecting the strategy with which you will analyze the oscillators, you will be able to see the behaviour of the oscillators in different aspects.
First there is a moving average increase or decrease strategy, that will give you a good idea of the correlation of the oscillator with the price.
The second is a commom 2 MA crossover strategy, that will give you and idea of the validaty of that oscillator as a strategy or as a trend filter.
The third strategy is a cross over 0 signal, that will go long on a crossover of 0 and short on a crossunder 0. This helps you see how good is the oscillator at evaluating suport and resistance areas and give you an idea of its balance.
The forth strategy is a Buy/Sell on extremes of the oscillator and will let you know how good is your strategy at spotting good places to buy and sell.
The fith strategy is to evaluate how goood the oscillator is as a mean reversion filter or how good it is at spotting small price changes.
The sixth strategy is similar to the last but is focused on how good is the oscillator spotting good places to take profits on trending strategies.
The 6 strategies in the script produce signals from the oscillator and from the oscillator only.
In conclusion this tool can be used to measure your oscillator and see if it really is as good as you think in comparison to others.
This script is not intended to be used as a full strategy but as a tool.
[DS]Entry_Exit_TRADE.V01-StrategyThe proposal of this script is to show the possible trading points of BUY and SELL based on the 15-minute chart of the Nasdaq Future Index. The start point of the strategy was schedule for 2021/01/01 and until the time of this publication (2021/01/31), for 1 index contract the results presented area a Gross Profit of 2.97% with a Net Profit of 1.35%.
█ FEATURES
The indicator shows on the graph the position of the MACD and TSI indicators that are the places of strength among Buyers and Sellers.
It's possible to observe a sharp fall or rise in the price of these positions.
On the current candle, a label is displayed containing the value of the William %R Mod indicator, which will display the OverBought position (dark red) and OverSold position (dark green). The other colors like light red and green are the regions where the price makes the decision of which direction to go.
There are also other indicators:
a) The positions of the BUY (light green) and SELL areas (light red);
b) The label with the position of BUY (dark green) and SELL (dark red) with the line that connects these points;
c) DEMA 72 (orange);
d) EmaOchl4 in the color green for BULL and red for BEAR market;
e) Pivots high and low
f) Maximum (purple light) and minimum areas (blue light)
█ FUNCTIONS AND SETTINGS
The indicator uses the following functions:
(1) DEMA - Double Exponential Moving Average (08,17,34, 72)
(2) ema () - Exponential Moving Averge (72, ohlc4)
(3) plot()
(4) barcolor()
(5) cross()
(6) pivots ()
(7) William R% Md (OverBought = -7, OverSold=-93)
(8) Maximum and Minimum Value
(9) fill()
(10) macd () - Moving Average Convergence Divergence (Fast Lengt=12, Slow Length=26, Source=close, Signal Smoothing=9)
(11) tsi() - Trading Strenght Indicator==> Índice de Força Real ( IFR ) (Long Length=72, Short Length=17, Signal Length=17)
(12) Buy and Sell TRADE Points
█ PERFORMANCE AND ERRORS
The positions of BUY and SELL points are defined through the crossing of the Dema 34 candles with the Ema Ohcl4. As it is an indicator, it can present different positions from de market direction. Thus there is a need to observe the direction of the market in order to verify whether the indicate decision is really acceptable. The decision to BUY or SELL an asset must be well studied to avoid financial losses. The indicator will only help you in this decision, is your responsibility the decision of entering or leaving an asset.
█ THANKS TO
PineCoders for all they do, all the tools and help they provide, and their involvement in making a better community. All the PineCoders, Pine Pros, and Pine Wizards, people who share their work and knowledge for the sake of it and helping others, I'm very happy and grate full indeed.
█ NOTE
If you have any suggestions for improving the script or need help using it, please send a message in the comments
ETH/USD 15m [iTradebot]1. General
2. Additional information
3. Access
1. This is a script for crypto trading strategies, based on following trends with moving averages.
A fast moving average and a slower getting crosschecked with MACD for buying/selling signals, those signals get crosschecked by 5 different factors, like the MACD or controlling average.
Only if all requirements will be met, the script expects the trend to change and sends an according signal.
This strategy is not made for multiple entries and keeps a position open until an opposite signal gets triggered.
It was built with ETH/USD 15min chart in mind, but can be used on any other chart, though you will have to find a different combination in inputs, to make it work with other pairs or timeframes.
Fast average: The faster of the two signal moving averages.
Slow average: The slower of the two signal moving averages.
Trend strength: Determines the crosscheck with the MACD.
Control length: Sets the period length for the control average (1=1bar, 300=300bars)
Inputs used here are:
Fast average: 5
Slow average: 19
Trend strength: 4
Control length: 306
Start capital: 1000
Trade equity: 100%
Commission: 0.036% (Binance)
Result 2020-06-11 until 2021-01-07
Net Profit: 717.56%
Percent Profitable: 54.17%
Max Drawdown: 8.79%
Profit Factor: 6.523
2. There are many combinations with good net profit outcomes, but make sure to also keep a low "Max Drawdown", to lower the risk substantially.
The combination we used, gives slightly less profit than other combinations, but also lowers the max drawdown from 20% to 9%.
In general in trading with crypto we advice to only use this strategy with Bitcoin or Ethereum , due to their high value and "stable" movements, compared to other cryptocurrencies.
The strategy is using 100% equity each trade, so make sure to have your capital management in place on the account.
To be specific, DONT put all your capital into this one strategy, but only part of it, according to your capital management.
Control lengths around 150 or 300 tend to give good combinations with the other 3 inputs. (on the 15min chart)
3. You can test this strategy 14 days for free and get access for up to 1 year on our website.
14 day free trial only requires Tradingview user name and e-mail.
Click on the link in our signature below.
Catch the Big FishVolume based script to catch a big move. Works best on 5 min timeframe.
The default sma duration for volume is set to 150 = number of candles in 5 mins timeframe for 2 days.
Heavy volume is defined as = more than 9 times of sma.
Both parameters are configurable.
Trading strategy: Long buy at high / Short sell at low of the candle where the script gives the signal.
Important note regarding SL - for Long / Short positions respectively, the SL should be placed at low / high of previous candle, and NOT of the same candle.
Pivot STRTGY_V1This Strategy operates on a Daily Time Frame and decisions are made based on monthly Pivot Points.
Choosing different time frames and pivot periods influences trading decisions and is not recommended
The script contains the following calculations:
-Pivot Points,
-Short and long term moving averages (sma, ema, getting),
-Bollinger bands,
-Trend following
The strategy aims to keep the asset profitable for as long as possible by predicting the turning points of the price.
Therefore, it is not suitable for day-trade.
Average holding period of assets is 15-20 days.
The script makes decisions to buy or sell when the price is above or below the determined averages and pivot points.
In this way, it follows the trend and aims for maximum profit.
It continuously makes calculations for the distortion conditions of the trend and generates orders to exit the position when the necessary conditions are met to stop the loss.
GreenCrypto Strategy
This strategy majorly uses MA, Tilson and S&R. MA is used for predicting the trend, Instead of normal cross-over of the MA, we are calculating the trend of the MA itself (whether MA is moving upward or downward by comparing the previous and current value of MA), along with MA we also use Tilson to calculate the MA.
Once we have MA and Tilson we take average and merge both MA and Tilson MA to get a double confirmation on the trend of the market. for entry and exit we use S&R with the merged MA, if the trend change is at the support or resistance level we go for LONG/SHORT respectively. Here we are doing continuous LONG+SHORT position, this provides more opportunity to capture unexpected market trend.
Enter a Long Trade when the script shows "Long" and exit either when you get "Short" signal or when it meets your target.
Parameters:
"Use 1:EST, 2:SST, 3:HST ?" : Select EMA , SMA or HullMA (works best on HullMA)
Length: Length of the EMA / SMA /HullmA
Factor: Used for calculation of Tilson and the Support and resistance .
Date/month/day : for selecting the right backtesting the period (currently it set to Jan 2018 to current day )
for this backtesting i have used 1000$ capital and 0.02% commission for each trade.
This strategy works best on 4H time fram but you can also use it on 1 day or higher timeframe charts
The default config present in this script is designed for ETH but it will also work with other coins)
Config for Specific Crypto coins (Please feel free to try out other configs also) :
ADA, BNB, EOS : "Use 1:EST, 2:SST, 3:HST ?" = 3
"Length" = 8
"Factor" = 0.9
ETC, XLM : "Use 1:EST, 2:SST, 3:HST ?" = 3
"Length" = 8
"Factor" = 0.85
Please DM me if you would like to tryout 7 Days free trail.
Catch the Big Fish - by SushilVolume based script to catch a big move. Works best on 5 min timeframe.
Long buy at high / Short sell at low of the candle where the script gives the signal.
Important note regarding SL - for Long / Short positions respectively, the SL should be placed at low / high of previous candle, and NOT of the same candle.
VGrego - Triple Regression StrategyI developed this strategy with perpetual contracts like the ones offered by Bitmex and FTX for Bitcoin.
This script uses complex regressions to analyze past, present and future to place long calls.
The script performs well on 1H charts on most perpetual contracts scenario.
QuantNomad - Heikin-Ashi PSAR StrategyContinue experimenting with different combinations of strategies.
Here is the PSAR Strategy calculated based on HA candles. HA is already calculated inside the script, do not apply it to HA candles.
Strategy is calculated based on 25% equity invested with 0.1% commission.
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Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and the script don’t provide any financial advice.
Channel Break [for free bot]I present to you a script for testing the channel breakout strategy for the Bitmex exchange.
Cryptocurrency itself is a trending tool, which is why breakout strategies generate the largest profits, and the channel breakout strategy is one of the most effective trend strategies.
The optimization result shows the result of trading on a volume of 20% of the deposit. But since Bitmex trades in futures contracts, you can use 50%, 100% and even much more, depending on your attitude to risk.
At the time of publication on the Bitmex exchange there are 12 different contracts, i.e. You can diversify your trading well (by pre-optimizing the settings for each contract).
In the script, you can set up many trading options - timeframe, periods for buying and selling, method of exiting a trade, stop loss, take profit, risk management, etc.
Thus, you create a strategy "for yourself".
Представляю Вам скрипт для тестирования стратегии пробоя канала для биржи Битмекс.
Криптовалюта, сама по себе является трендовым инструментом, именно поэтому, пробойные стратегии генерируют самую большую прибыль, а стратегия пробоя канала – является одной из самых эффективных трендовых стратегий.
На результате оптимизации показан результат торговли на объеме в 20% от депозита. Но так как на Битмекс торговля идет фьючерсными контрактами, Вы можете использовать 50%, 100% и даже намного больше, в зависимости от Вашего отношения к риску.
На момент публикации на бирже Битмекс есть 12 разных контрактов, т.е. Вы можете хороши диверсифицировать свою торговлю (предварительно оптимизируя настройки по каждый контракт).
В скрипте Вы можете настроить множество вариантов торговли - таймфрейм, периоды для покупки и продажи, метод выхода из сделки, стоп-лосс, тейк-профит, рискменеджмент и т.п.
Таким образом Вы создаете стратегию "под себя".
SIDD-Master-Moving-AverageSIDD-Master-Moving-Average is based on RSI average calculation Moving average plotted on chart.
This Moving Average is giving 2 signals Bullish and Bearish .
Whenever Bullish signals is coming price is doing crossover with moving average on upside and this indicate price will go up from current market price.
Whenever Bearish signals is coming price is doing cross-under with moving average on downside and this indicate price will go down from current market price.
Moving average color is changing based on upside movement or downside movement , for upside its green and for downside its orange color.
This indicator i have created with stop loss line means any price close below cross line for bullish position then that trade should be closed and take the stop loss. similarly for Bearish trade and candle close above stop loss line means trade should be closed and take the stop loss.
Stop loss i have taken care with ATR and Super trend you can see the settings.
I have defined setting for general use of indicator if any modification on setting then result may vary.
Its multi time frame moving average. And I have given time frame for indicator as well so if any trending move need to capture then that setting need to be increased with respect to chart time frame else keep it same.
I have added commission and slippages as well in indicator.
Ping me or DM me to subscribe this indicator.
I have given all my indicator details below link (Signature URL). You can check indicators and call me on given number or email me on given email to access the scripts and indicators. Telegram link is also given you can ping me there.
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Disclaimer : Past performance of the indicator is not giving guarantee for future performance as well, it may change as per market condition.
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Custom Screener with Alerts [QuantNomad]Some time ago I published an example of simple custom screener in PineScript:
The only thing this screener did is created a dynamic label with screener output.
Recently TradingView announced alerts from the strategy with the possibility to add custom messages to alerts.
So using it I was able to create a bit more advanced screener which sends results as alert messages. With tools like Alertatron, you can easily redirect them to Telegram if you want.
It works for 40 symbols (limitation of the number of security calls).
To create your own screener you need to change only screenerFunc. The logic of this function is very simple, it outputs value you want to display in screener and condition based on which your screener should filter your stocks.
To create alerts for this screener create an alert from strategy and use {{strategy.order.alert_message}} as alert message.
Do you know now how to make this screener better? Let me know.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and the script don’t provide any financial advice.
BKN: MapleThis strategy is tied to the BKN: Maple indicator which is an automation ready algo for entering/exiting trades. The script comes prepared with a stop loss and trailing stop loss so that you don't have to host your stop on the exchange and can also optimize trade entries and exits.
We've released optimizations for Forex and Crypto on multiple timeframes, but the script shines on the one and four hour charts.
***IMPORTANT***
For access, please do not comment below. Access requests in the comments will not be responded to.
Instead, please send a DM or reach out to my linked Twitter account.
Best Supertrend CCI StrategyHello traders
Someone requested the strategy version of the Supertrend CCI indicator
It's a Supertrend not based on candle close but based on a CCI ( Commodity Channel Index )
How does it work?
Bull event: CCI crossing over the 0 line
Bear event: CCI crossing below the 0 line
When the event is triggered, the script will plot the Supertrend as follow
UP Trend = High + ATR * Factor
DOWN Trend = Low - ATR * Factor
This is an alternative of the classical Supertrend based on candle close being above/beyond the previous Supertrend level.
Hope you'll enjoy it and it will improve your trading making you a better trader
Dave
VWAP Bands BacktestThis is a backtest for evaluating the profitability of a vwap offsets strategy over time.
I took part of the code to create the script from Noro
So there is a link for its code
THE HITMAN Strategy TesterThe Hitman indicator is a tool to detect momentum swings in the market. Its intention is to identify good entry and exit points and alert you to have a closer look at the charts. It can be used on any chart, timeframe or market.
In detail we measure the strength of a trend by different values like volatility, price averages and trend momentum and calculates for every candle, if a change in trend appears or not. The calculation can be influenced by changing three Inputs values.
We do this for getting the best possible results from the Hitman The purpose of this strategy script is to help you identify proper settings for the asset and timeframe you want to trade. There is no general setting that fits it all. You have to find the settings that fits best to your life, your trading style, the assets you trade and the timeframe you trade on. For the strategy on Nike chart shown below, we used the following inputs (15, 1.9, 2, 6, 0.1).
Be aware, that all results will be based on data from the past. There is no guarantee that the results you get by back testing, will also be achieved in the future.
An overview of how to use the 3 different options in the settings:
- Signal Strength: The higher this number, the stronger each signal gets. Naturally this means, you will get less signals with a high number. A strong signal is not a guarantee for a big move in the market neither it there any guarantee that the market moves in the projected direction. As the volatility is considered in calculating the strength of the signal, the numerical value may be the same buts its meaning for the calculation could be totally different. This means, on an asset with high volatility the signal strength has to be higher than on an asset with lower volatility.
- Sensitivity: Is calculated into the signal strength. It has the highest impact on the numbers of signal shown but also when a change in the trend is signaled on the chart. The lower the number to more and earlier you get the signals. Enter a decimal to finetune it even further. But be aware that a too low number will create a lot of signals which could make it hard to identify true changes in trend.
- Considered Volatility Range: Here you can set up the considered volatility range. It's impact highly depends on the asset you use it. The number does represent the amount of candles that have to be considered to calculate the strength of the signal.
How to use it?
We recommend to use the signal only in direction of the trend. It can be used to scalp against the trend but for Risk Management reasons we advise not to do so. In sideways movement we recommend to look out for channels or levels of resistance and support and use the signal of the script as confirmation.
