[3Captain] Above Average (AA+)In a market that moves constantly every day, we think about how to easily get bigger profits.
3Captain's new strategy Above Average (AA+). It is the heart of the Captain sailing the sea named Mayor.
The new strategy indicator Above Average (AA+) is implemented in the form of a strategy tester, and alerts can be set.
This strategy is based on the volatility breakthrough strategy, and it is not a logic to set the lowest point or the inflection point.
You don't try to catch an inflection point at a lower price, but rather you can see an increase and make a profit on further ups.
Depending on the event and time frame, the backtest result may be different.
The results of the backtest do not guarantee the future, so please be careful when investing your personal valuable assets.
We have prepared 4 betting methods. High odds, flats, pyramids, and inverse pyramids are each content.
You can try backtesting yourself and set the betting method you like.
Each of the black circles is an entry entry. When a signal occurs, buy, realize profit in the blue circle, and stop loss in the red circle.
This script is an invite-only script.
Please refer to the signature message below to apply for use.
매일 변화무쌍하게 움직이는 시장에서 우리는 어떻게 더 큰 수익을 손쉽게 얻을 수 있을지 고민합니다.
3Captain의 신규전략 Above Average (AA+). 시장이라는 이름의 바다를 항해하는 Captain의 마음입니다.
신규 전략지표 Above Average (AA+)은 전략테스터의 형태로 구현되어 있으며, 얼러트를 설정할 수 있습니다.
본 전략은 변동성 돌파전략을 기반으로 하며, 최저점 혹은 변곡점을 잡는 로직이 아님을 미리 안내 드립니다.
낮은가격에서 변곡점을 잡으려고 하지 않고 오히려 상승을 확인하고 추가상승에 대해 수익을 낼 수 있습니다.
종목과 타임프레임에 따라 백테스트 결과가 상이할 수 있습니다.
백테스트의 결과가 미래를 보장하지는 않으므로 개인의 소중한 자산을 투자하시는데에는 유의하시기 바랍니다.
4가지 배팅방법을 준비했습니다. 높은승률, 플랫, 피라미딩, 역피라미딩이 각각의 내용입니다.
여러분께서 직접 백테스팅을 해보시면서 마음에 드는 배팅방법으로 설정하시면 되겠습니다.
검은색 circle은 각각이 진입 엔트리 입니다. 신호 발생시 매수, 파란색 circle에서 수익실현, 빨간색 circle에서 손절하면 되겠습니다.
본 스크립트는 인바이트 온리 스크립트입니다.
사용신청은 아래 서명메세지를 참고해 주시기 바랍니다.
This script is an invite-only script.
Please refer to the signature message below to apply for use.
Volatilite
Mean Reversion Strategy (Double EMA) w Stop LossOne of the strategy inspired by John F. Carter in his book - Mastering the trade. The idea is simple, once the price cross the fast MA (open trade), it will most likely approach the slow MA (close trade). I added an optional filter, which you can turn on to only open position when the distance between the 2 MA is higher or equal than a minimum % that you indicate. Suitable for volatile stocks/markets. Best use when the market is ranging, like any other mean reversion strategy.
Stop Loss feature is also added, with the option to choose from Percentage Stop Loss, Percentage Trailing Stop Loss, ATR Stop Loss or ATR Trailing Stop Loss.
Bitcoin (BTC) Scalp / Short-term Short IndicatorThe purpose of this scalping Indicator is to help identifying Sell signals for short term trades on Bitcoin (Spot, Features, etc.) .
This script is working with more indicators and everything is balanced by hard work on (back)testing.
Result for users is a simple signal to SELL.
You can use it as easy indicator in your graph or create alerts.
I have the best results on 1min graph, with leverage and stop-loss feature.
This is my own version of scalping Sell Script / Indicator, which is a combination of few indicators, for example RSI , BB and price levels (actual and average) and works on standard candles.
SELL signal paints above the candle and you can set your target / trailing / stop-loss in the settings and check how it works in Strategy Tester.
Settings of this Indicator:
Take Profit
Stop Loss
Trailing Stop Loss
Trailing Stop Loss Offset
Initial Capital
Base Currency
Order size
Pyramiding
Commissions
Slippage
Average price lines (colors and visibility)
Plot background
These signals can be often observed at the beginning of a strong move, but there is a significant probability that these price levels will be revisited at a later point in time again.
Therefore these are interesting levels to place limit orders.
A Sell signal is defined as the last up candle before a sequence of down candles.
In my trading settings I have more but small positions, one safety limit order (for price averaging = better entry - easier close in profit) and stop-loss.
Sometimes trailing-profit feature have very nice profits.
Settings depends on your own money-management and free capital.
Don't ignore UP / DOWN trend. For UP trend I have an Indicator too (check my profile).
In addition to the upper/lower limits of each line, also average value is marked as this is an interesting area for price interaction and better view.
PM me to obtain access, more informations or support.
NOTICE: By requesting access to this script you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script.
Cyatophilum Scalper [BACKTEST]This indicator comes with a backtest and alert version. This is the backtest version. Its purpose is to create low timeframe and scalping strategies, by choosing from a list of built-in entry points which are described in detail below, and by configuring a risk management system to your liking.
Before diving into the entry points, I will explain the strategy and risk management settings.
These 3 settings allow to choose your strategy direction, and main behavior.
- Go Long ↗: activate or deactivate long entry points.
- Go Short ↘: activate or deactivate short entry points.
- Reversal strategy ↗↘↗↘: Activate this option will allow trades to reverse position from an opposite entry point. Keep it deactivated and trades will either wait a TakeProfit(TP) or StopLoss(SL) to be closed. When neither SL nor TP or set, this option is automatically activated.
StopLoss settings:
Both Long and Short SL can be activated and configured.
The base % price is the starting point of the stoploss, in a percentage of current price.
Trailing stop, when activated, works with 2 settings:
- % Price to Trigger: a percentage of current price the price should move in a bar to trigger a trailing movement.
- % Price Movement: the stoploss variation in a percentage of current price that moves on each bar.
TakeProfit settings:
Both Long and Short TP can be activated and configured.
The base % price is the value of the TP, in a percentage of current price.
Trailing Profit Deviation %: Percent deviation for the trailing take profit.
DCA:
DCA stands for Dollar Cost Average. The idea is to open additional orders from the base order so as to improve risk management.
These additional orders are also called Safety Orders. The indicator can handle up to 9 safety orders.
The strategy will exit either from a take profit based on percentage from base order or from a total volume percentage (Configurable in the parameters).
The steps spacing (space between each step) and safety orders volume (order size) can both scale by adding a scale multiplier.
By choosing from the base strategy dropdown menu, the indicator will generate entry points.
1. BUY SELL:
-> Low timeframes spot trading, with simple buy and sell orders.
How it works:
The indicator used is a combination of QQE (Atr based trend following indicator) and RMA 100 trendline.
I think the QQE does a great job in low timeframes because it is not impacted by the noise.
The RMA which is the moving average used in the RSI, will help giving confirmation to the entry points.
How to use:
It is meant to be used as a reversal strategy, but you can add a TP or SL if you want.
When comparing to Buy & Hold, make sure to deactivate the "Short results in the backtest" setting.
2. TREND SCALPING
-> A strategy for low timeframes trading.
How it works:
The strategy creates high volatility entries filtered by a duo convergence of adaptive trendlines (Adaptive HULL MA using the chart's resolution, Adaptive Tilson T3 using 1H resolution) and a higher timeframe (1H) RSI filter (long threshold: 70, short threshold: 40, RSI length: 10).
How to use:
Must be used on charts with a resolution smaller than 1H. Recommended: from 1m to 30m.
Must NOT be used as reversal strategy. Use it with a take profit and stop loss, and DCA if you can.
Sample risk management settings:
3. Support/Resistance BREAKOUTS
-> Trade low timeframes pivot points breakouts.
How it works:
The indicator calculates the 100 previous bars swing high and low. Any break above high or below low will trigger an entry point.
The entry is however filtered by an Adaptive Tilson T3 Trendline, an ADX 30 minimum threshold and a minimum average volume threshold.
How to use:
I recommend to click "Reversal" Strategy and set a Takeprofit target.
Find the best timeframe between 1m and 30m using the backtest version.
Example here with BTCUSDTPERP on 15m:
4. AGGRESSIVE SCALPING
-> Lots of trades in low timeframes.
How it works:
Created using Cyato AI, Higher/Lower Highs and Lows and 2 HULLMA crosses as entries, and 2 Adaptive Tilson T3 as trendfilter, a 25 ADX threshold filter and a volume filter.
How to use:
Recommended Risk Management settings: Takeprofit, Stoploss and DCA (Safety orders).
Find which timeframe work the best from 30 min and below. Should not be used above 30 min since this is the resolution for the MTF Tilson.
How to create Strategy Alerts:
Write your alert messages for EXIT, LONG and SHORT orders in the settings (Backtest section).
Then click add alert, and in the alert message, write the following:
{{strategy.order.alert_message}}
BACKTEST PARAMETERS
- Inital capital: 10 000$
- Base order size: 0.1 contract (0.1 btc)
- Safety order size: 0.1 contract (0.1 btc)
- Commission: 0.1%
- Slippage: 100 ticks
Oldest trade: 2020-08-31
Backtest Period: From 2020-08-31 to 2020-11-12
Configuration used: see the live chart configuration panel at the top.
To gain access to this paid indicator, please use the link below.
Trend Finder V2A variation of a previous indicator i made using two stochastics and a volume weighted moving average to look for trend, 10% equity used per trade at 0.1% commission
The close can be used more of a stop loss if volatility is used to take profit
Pfizer (PFE) Buy/Sell Arrow Signals Indicator With Strategy Currently, pharmaceutical companies such as Pfizer NYSE:PFE , which are involved in the development of a vaccine against the virus and are showing success, are attractive to investors. The Pfizer NYSE:PFE Buy and Sell Arrow Signals Indicator With Performance is designed for trading Pfizer assets. This script analyzes historical data and current quotes and generates Buy and Sell trading signals. The indicator is based on a combination of large and small period moving averages combined with the ATR, MACD indicator. Bollinger Bands indicator is used for filter. Also shown is the performance of a strategy based on the Pfizer NYSE:PFE Buy / Sell Signals indicator.
prntscr.com
This Indicator works for timeframe 2H, 4H.
This script can also help identify trend and pivot points. It will be useful for active traders and investors who trade US stocks.
Doji swing strategyThis is a simple strategy based on Doji star candlestick
This strategy is suited for big time frames, like 4h -1Day and so on.
It places two orders: long at doji star high or previous candle high and short at doji star low or previous candle low.
It can also be applied volume average, in order to filter between trades .
This strategy works very well with high time frames like Weekly TF because it eliminates the noise in doji formation.
It also has inside a risk management made of SL/TP , or if not prefered it can exit based on a exit condition.
If you have any questions, please let me know !
Parabolic SAR Swing strategy GBP JPY Daily timeframeToday I bring you a new strategy thats made of parabolic sar. It has optmized values for GBPJPY Daily timeframe chart.
It also has a time period selection, in order to see how it behave between selected years.
The strategy behind it is simple :
We have an uptrend , (the psar is below our candles) we go long. We exit when our candle crosses the psar value.
The same applies for downtrend(the psar is above our candles), where we go short. We exit when our candle cross the psar value.
Among the basic indicators, it looks like PSAR is one of the best canditates for swing trading.
If you have any questions, please let me know.
Bitcoin (BTC) Scalp / Short-term Long IndicatorThe purpose of this scalping Indicator is to help identifying Buy signals for short term trades on Bitcoin (Spot, Features, etc.) .
This script is working with more indicators and everything is balanced by hard work on (back)testing.
Result for users is a simple signal to BUY .
You can use it as easy indicator in your graph or create alerts.
I have the best results on 1min graph, with leverage and stop-loss feature.
This is my own version of scalping Buy Script / Indicator, which is a combination of few indicators, for example RSI, BB and price levels (actual and average) and works on standard candles .
LONG signal paints below the candle and you can set your target / trailing / stop-loss in the settings and check how it works in Strategy Tester .
Settings of this Indicator:
Take Profit
Stop Loss
Trailing Stop Loss
Trailing Stop Loss Offset
Initial Capital
Base Currency
Order size
Pyramiding
Commissions
Slippage
Average price lines (colors and visibility)
Plot background
These signals can be often observed at the beginning of a strong move, but there is a significant probability that these price levels will be revisited at a later point in time again.
Therefore these are interesting levels to place limit orders.
A Buy signal is defined as the last down candle before a sequence of up candles.
In my trading settings I have more but small positions, one safety limit order (for price averaging = better entry - easier close in profit) and stop-loss.
Sometimes trailing-profit feature have very nice profits.
Settings depends on your own money-management and free capital.
In addition to the upper/lower limits of each line, also average value is marked as this is an interesting area for price interaction and better view.
PM me to obtain access, more informations or support.
NOTICE: By requesting access to this script you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script.
Bollinger %B Candles StrategyStrategy built based on earlier published indicator:
Looks to be doing good for short term swing trades. But, I am not sure if there is repainting. I tried to avoid buy/sell trades on same day - but wasn't successful.
So far back-tested on following:
COINBASE:BTCUSD - works on both long and short
CURRENCYCOM:GOLD and equities - long only.
Some of the failures: ASX:WPL , ASX:WHC , ASX:NHC
As usual for back-testing - using 1000 as initial capital with 100% invested on each trade and no compounding so that it will be easy to compare with buy and hold. Trade with caution :)
IBVOL SignalsThis indicator can be used for swing algorithmic trading. It will give Buy and Sell signals on the chart based on concepts of volatility and momentum.
This works for the IBVOL-USD token on FTX exchange.
Value for the traders: During periods of sideways price action by BTCUSD, the value of IBVOL will go up and the indicator will give a buy signal and traders will profit if they buy the token. Just before an impending volatility, such as spike of BTC price, it will signal a sell, so traders can sell this token and reinvest their profits in BTC trade.
The strategy has so far had 100% hit rate, with very low drawdown (0.01%), and high profit factor of 2176.
For access please contact me via DM on TradingView.
[astropark] DMI/ADX strategy [strategy]Dear Followers,
today I'm happy to share with you my DMI / ADX Strategy .
It provides directional trend information, so if a bullish or a bearish trend is going to start. Statistically it works better on lower timeframes (from 5 minutes to 1 hour).
It is both a Swing and Scalping Strategy indicator , based on a simple trend following theory , good for trading FOREX, Indexes, Stocks, Commodities and Cryptocurrencies.
To help in Taking Profits, the strategy integrates 2 special other than bull/bear signals:
Overbought and Oversold RSI Signals , which appear both as darker background (the darker the color, the more the price is in overbought/oversold) and green "ob"-"tp" / red "os"-"tp" labels (they optionally pop up only on a configurable stronger overbought/oversold condition) (you can enable/disable it optionally)
Peak Profit Tracker , which resets every time a new trade starts and keeps track of price fluctuation during the trade: the message is don't be too greedy and take profits or lock them with a stoploss in profit (you can enable/disable it optionally)
You can edit many options in order to
have more/less bull/bear signals
enable/disable showing bull/bear signals
enable/disable showing RSI TP signals (you can edit RSI length, overbought (OB) and oversold (OS) levels)
enable/disable showing peak profits on each trade
The user who wants to use this strategy, especially via an automated bot, must always set a stoploss (example 150$ from entry on bitcoin ) or use a proper risk management strategy .
This is not the "Holy Grail", so use it with caution. It's highly suggested to use a proper money management .
This script will let you backtest performance of the indicator based on bear/bull signals.
You can find the alarms version by searching for my DMI / ADX Strategy and choosing the "alarms" named.
Here there are some examples how this DMI / ADX strategy works on many markets:
LTC/USDT 15m
BTC/USD 15m
BNB/BTC 15m
ETH/USD 15m
GOLD (XAU/USD) 15m
GOLD (XAU/USD) 1h
FB 15m
AAPL 15m
TSLA 1h
BANKNIFTY Index 5m
NIFTY 50 Index 5m
This is a premium indicator , so send me a private message in order to get access to this script .
2HLA very simple, almost naive strategy, in which you buy on the lowest of the two previous candles and sell at the highest of the two previous candles. You can configure these highest and lowest lenght, in some assets two is too small of a number to make profit. You can also configure to exit the position after X, and I found that 7 (which is a week of working days) is a good number for that.
This is strategy is intended to be used as a swing trade. Your capital needs to be high enough so that it can pay the operaitonal costs, and reach it's target with a reasonable profit.
Since this is a volatility based strategy, assets that are more liquid won't work properly.
Stock Market Strategy : VWAP, MACD, EMA, Breakout, BBHello there,
Today I bring you a stock market strategy, specialized in NASDAQ stocks.
Its a daytrading strategy, that can only do a max of 1 trade per day. In this case it only trades the first 2 opening hours of the market.
The rules are simple :
We follow the trend based on a big EMA, in this case 200, after that, we check for VWAP direction , then, we check histogram from MACD. This is the simple logic of the strategy.
Inside there is another strategy, that not just do the above, but also uses Bollinger bands, and checks for breakout of bottom or top line. Also it uses Average directional Index, for even a bigger criteria .
So for example a long condition it would be : candle is above the ema, and candle is above vwap, and histogram is positive, and candle break the top bb level and ADI < 40 -> long signal . The opposite works for short(ADI > 20).
In this case all this criterias are between the first 2 hours of market. So we enter between the first hour, and exit in the next hour. For this we need to use very short time frames.
Hope you enjoy it.
Let me know if you have any questions
Bitlinc MARSI Study AST w/ Take Profit & Stop loss - beta 0.1This script is beta 0.1 - will update as soon as the script is tradable
This script is based on AST on a 10 minute timeframe. You can change the asset and the timeframe for any asset you want to trade, but for it to work correct ALL settings have to be testes in the Strategy section of the TradingView. Each assets and timeframe require a different mixture of settings. This is NOT a one settings fits all trading for all assets on any timeframe. Below are the settings and explanation on how it works.
How it fires a buy / sell:
The script will plot an RSI with upper and lower bands in a separate indicator window. The idea behind this script is to fire a LONG when MA crosses OVER lower band and fire a SHORT when the MA crosses under the lower band. Each order that fires is an OCO (Order Cancels Order) for pyramiding.
Settings:
You have full control of these settings as mentioned above, you must configure every part of this script for each asset and timeframe you trade.
- Length of MA
- Length
- Upper bands of RSI
- Lower bands of RSI
- Take profit percentage
- Stop loss percentage
- Month to start and end the strategy (within 2020)
- Day to start and end the strategy (within 2020)
- Quantity type
- Slippage
- Pyramiding
***Remember that after the signal to enter or exit a trade is fired, the alert will trigger AFTER the close of the candle that caused the tigger to fire
Y-Profit Maximizer Strategy with Exit PointsThis script based on KivancOzbilgic 's PMax indicator. I modified a bit. Added Filters, Exit (TP) Levels and few indicator in it. This script opening only Long Positions.
I have used this indicators in this strategy:
-Moving Stop Loss (Most) by ceyhun
-PMax Explorer STRATEGY & SCREENER
-Bollinger Bands on Macd
-Tillson T3 Moving Average by KIVANÇ fr3762
I am open to suggestions for improve this script.
PS: Script is in Turkish Language.
Low volatility Buy w/ TP & SL (Coinrule)The compression of volatility usually leads to expansion. When the breakout comes, it can ignite strong trends. One way to catch a coin trading in an accumulation area is to spot three moving averages with values close to each other. The strategy uses a combination of Moving Averages to spot the best time to buy a coin before its breakout.
Buy Condition
The MA200 is greater than the MA100
The MA50 is greater than the MA100
According to backtesting results, the 1-hour time frame is the best to run this strategy.
Sell Condition
Take Profit: the price increases 8% from the entry price
Stop Loss: the price drops 4% from the entry price
The strategy has a profitability of 40-60% (depending on the market conditions). Having a ratio of two between Take profit and Stop Loss helps keeping the strategy profitable in the long term.
AUDCAD - DinhChienFX Corner signal- Long signal is comfirmed when the Candle's close crossover the Keltner Channel:
- Short's signal confirms when Candle' close crossunder Lower Keltner.
- The formule Stoploss and Take profit
Wilder's Volatility Trailing Stop Strategy with various MA'sFor Educational Purposes. Results can differ on different markets and can fail at any time. Profit is not guaranteed.
This only works in a few markets and in certain situations. Changing the settings can give better or worse results for other markets. This strategy is based on Wilder's Volatility System. It is an ATR trailing stop that is used for long term trends. This strategy focuses on the trailing stop alone and goes long and short only when it goes above or below the trailing line. It is similar to Donchian channels except it does not include the certain period channel breakout, only the trailing signal. This is only the trailing stop and an attempt to show how well it works standalone as Wilder described.
In his book, Wilder recommends a multiplier of 2.8-3.1 and an ATR lookback of 7 periods along with a running moving average or otherwise known as Wilder's moving average. The calculation and programming part for the trailing stop varies everywhere. I opted to keep it as simple and accurate as I could think of and interpret from the book. The variations to these types of indicators are numerous unfortunately, but Wilder seems to be the original author of ATR and this ATR-based trailing stop. In his book he says to use the significant closing price or highest/lowest closing price for the calculation part but I also included the option of choosing the highest high and lowest low, and the option to choose various moving averages in case anyone wants to experiment.
Comparing this and Donchian channels, it seems that a 2.5 multiplier is somewhat similar to the middle band of DCs and a 3.0 multiplier is somewhat similar to a double length middle band of DCs. It's hard to say which is the better trailing stop for a long term strategy. It's hard to beat the simplicity of DCs but maybe some might find a need for more inputs in a trailing stop or maybe an ATR based one like Wilder's can work better depending on what setting or strategy it's used in.
© Investoz Volume/ATR/DailyRange/OHLC/Probability/VolatilityThe relationship between returns, volatility and trading volume has interested financial economists and analysts for a long time.
Is there any dynamic relationship between trading volume, returns and volatility in the financial markets?
In recent financial studies, the linkage between return, volatility and trading volume is a central issue as it provides insights into the microstructure of financial markets. The price-volume relationship is seen as it is related to the role of information in price formation. Trading volume is defined as the number of shares traded each day and is an important indicator in technical analysis as it is used to measure the worth of stock price movement
either up or down.
Investors' motive to trade is solely dependent on their trading activity; it may be to speculate on market information or portfolios diversification for risk sharing, or else the need for liquidity. These different motives to trade are a result of processing different available information. In consequence, trading volume may originate from any of the investors who may have different information sets. As various studies reported, the information flow into the market is linked to the trading volume and volatility. Thus, since the stock price changes when new information arrives, there exists a relation between prices, volatility and trading volumes.
Significant efforts have been made, empirically and theoretically, on the phenomenon of stock price and volume relationship. Although the majority of those findings have confirmed the existence of positive contemporaneous relationship between trading volume and returns, the study of different stock markets have given mixed results about the causal return-volume relationship.
So, if you think that price and volume is important, maybe this indicator full of information around this topic may help you or make it easier in many ways.
Let me briefly guide you through.
To the right you have all the information within a label directly on the chart. Inside the label you will see following information:
-Number of bars
-Volume
-Average true range
-Daily range
-OHLC
-Probability for tomorrow´s daily range
-Warning of increased volatility
In the chart, you will also see where the expected daily range is likely to be within, with high and low levels.
Finally, I like to say this:
I have put a lot of work into this script and let me know if you use the indicator and what you think of it. Also if it is of some help or maybe you who use it, have found something wrong that needs to be reviewed and changed or information that would be important to add?
Enjoy!
Bollinger Bands and RSI mix with DCAThis strategy uses a mix of Bollinger Bands and RSI to enter long positions. It impliments DCA.
Moving Average, T3 and Bollinger StrategyThis strategy uses a SMA much like an the faster EMA in many oscillators and the T3 average of the same period as the intermediate trend. Exits are defined by encounters with the Bollinger Band. The long term trend is defined by T3 moving averages of an even longer period.
TrendMaAlignmentStrategy - Long term tradesThis is another strategy based on moving average alignment and HighLow periods. This is more suitable for long term trend traders and mainly for stocks.
Candle is colored lime if : Lookback Period has at least one bar with moving averages fully aligned OR None of the bars in Lookback periods has negatively aligned moving averages (More than half are positively aligned).
Candle is colored orange if : Lookback Period has at least one bar with moving averages fully aligned in negative way OR none of the bars in lookback has positively aligned moving averages (More than half are negatively aligned).
If either of above conditions are met, candle is colored silver.
Moving average alignment parameters:
Moving Average Type : MA Type for calculating Aligned Moving Average Index
Lookback Period : Lookback period to check highest and lowest Moving Average index.
HighLow parameters:
Short High/Low Period: Short period to check highs and lows
Long High/Low Period: Longer Period to check highs and lows.
If short period high == long period high, which means, instrument has made new high in the short period.
ATR Parameters:
ATR Length: ATR periods
StopMultiplyer: To set stop loss.
ReentryStopMultiplyer: This is used when signal is green buy stop loss on previous trade is hit. In such cases, new order will not be placed until it has certain distance from stop line.
Trade Prameters:
Exit on Signal : To be used with caution. Enabling it will allow us to get out on bad trades early and helps exit trades in long consolidation periods. But, this may also cause early exit in the trend. If instrument is trending nicely, it is better to keep this setting unchecked.
Trade direction : Default is long only. Short trades are not so successful in backtest. Use it with caution.
Backtest years : limit backtesting to certain years.
Part of the logic used from study's below:
Other strategies based on these two studies are below (which are meant for short - medium terms):