This is a divergence finding indicator developed by HFT Research. It is a highly customizable indicator and provides endless opportunities to find profitable trades in the market.
Use , this is the main decision maker in this strategy. The idea behind is that you choose the length of the moving average and set an offset % to create an upper and lower band. If you click on “display envelope” you will be able to visually see the band you have created. This way, you get to scalp the market as the price is diverging and moving away from the moving average. As the famous saying goes, moving averages act like magnets and prices always visits them back. Using this ideology, we aim to capitilize on the price swings that move away from the chosen moving average by x%.
These are two bands that are applied above and below a of an asset’s price. The upper band is created by adding the value of the (ATR) or a multiple of i. The lower band is created by subtracting the value of the ATR from the . The channel can provide traders with ideas on when to buy or sell. During an overall uptrend, buying near the lower band and selling near the top band is favorable. However, from our testing results it does fairly poorly in crypto markets while it does pretty well in traditional markets.
One of the most commonly used indicators in the trading world. The idea is simple, buy when its oversold and sell when its overbought. You can use as a secondary confirmation of the dips. It can be turned on and off.
stands for Index and it is an oscillator like . However, it does track the price in a different fashion than providing a reliable option. It uses the price and data for identifying overbought and oversold signals in an asset.
Even though, it has a funny name, Fisher is actually a very decent and reliable indicator. It converts the prices into a Gaussian normal distribution channel. Therefore, the indicator detects when the prices have moved to an extreme, based on recent price action.
stands for . It is an extremely useful indicator when trading intra-day. It does reset every trading session which is at 00:00 UTC. Instead of looking at x number of candles and providing an average price, it will take into consideration the that’s traded at a certain price and weigh it accordingly. It will NOT give entry signals but act as a filter. If the price is above will filter out the shorts and other way around for longs.
is a powerful indicator when one is assessing the strength of a trend as well as measuring the in the market. Unfortunately, the worst market condition for this strategy is sideways market. becomes a useful tool since it can detect trend. If the is low and there is no real price movement, will pick that up and will not let you get in trades during a sideways market. It will allow you to enter trades only when the market is trending.
Use Super trend Filter
The indicator works well in a trending market but can give false signals when a market is trading in a range.
It uses the ATR ( ) as part of its calculation which takes into account the of the market. The ATR is adjusted using the multiplier setting which determines how sensitive the indicator is.
Use MA Filter
Lookback: It is an option to look back x number of candles to validate the price crossing. If the market is choppy and the price keeps crossing up and down the moving average you have chosen, it will generate a lot of “noisy” signals. This option allows you to confirm the cross by selecting how many candles the price needs to stay above or below the moving average. Setting it 0 will turn it off.
MA Filter Type: There is a selection of moving averages that is available on TradingView currently. You can choose from 14 different moving average types to detect the trend as accurate as possible.
Filter Length: You can select the length of your moving average. Most commonly used length being 50,100 and 200.
Filter Type: This is our propriety smoothing method in order to make the moving averages lag less and influence the way they are calculated slightly. Type 1 being the normal calculation and type 2 being the secret sauce .
Reverse MA Filter: This option allows you to use the moving average in reverse. For example, the strategy will go long when the price is above the moving average. However, if you use the reserve MA Filter, you will go short when the price is above the moving average. This method works best in sideways market where price usually retraces back to the moving average. So, in an anticipation of price reverting back to the moving average, it is a useful piece of option to use during sideway markets.
here will act as a filter rather than an entry signal generator. There are a few different ways to use this filter. You can click on the Use filter and it will use filter out the shorts generated in a territory and longs generated in the territory. It will greatly reduce the number of trades the strategy will trade because is a lagging indicator. By the time turns or , most of the other indicators will have already generated the signals. Therefore, resulting in less trades. You can use filter as MA oscillator meaning that it will only look at the MA lines in to filter out trades. Alternatively, you can use it with the histogram (Signal lines) meaning that it will only look at the histogram whether its below or above the zero line in order to filter out the trades.
Place your desired take profit percentage here. Default is 1.5%
Move SL At Entry x% Profit
This is when the strategy will move your SL to the entry point if the position reaches x% profit. It can also generate a signal which can be automated to adjust the SL on the exchange.
Place your desired stop loss percentage here. Default is 1%
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