Primary Setup: The indicator identifies optimal entry points during a breakout above the 5-minute Opening Range Breakout (ORB) and above the Volume Weighted Average Price (VWAP). A retest of the VWAP or ORB, signaled by a green arrow, confirms a strong 'Long' position. The opposite setup applies for 'Short' positions. Settings Flexibility: Users can adjust the QTP1 Length setting to suit different trading styles: Standard Trading: A length of 15-20 is ideal for timeframes from 15 minutes to 1 hour. Scalping: A shorter length of 3-7 enhances responsiveness for scalping strategies. Customization: Four adjustable settings allow for tailored strategy alignment. For highest success rates, it is recommended to activate all four settings. Turning off the VWAP can yield good reversal signals, though keeping it on generally results in higher success. Visualization: Best results are observed when used with Heikin Ashi candles. Additional Notes:
Ensure the 'QTP1 Exit on/off' is activated to utilize the feature fully. The trailing stop feature is available but currently under final testing and optimization.
Note: This indicator may not perform optimally on choppy market days and I find best results using Heikin Ashi Candles.
Primary Setup: The indicator identifies optimal entry points during a breakout above the 5-minute Opening Range Breakout (ORB) and above the Volume Weighted Average Price (VWAP). A retest of the VWAP or ORB, signaled by a green arrow, confirms a strong 'Long' position. The opposite setup applies for 'Short' positions. Settings Flexibility: Users can adjust the QTP1 Length setting to suit different trading styles: Standard Trading: A length of 15-20 is ideal for timeframes from 15 minutes to 1 hour. Scalping: A shorter length of 3-7 enhances responsiveness for scalping strategies. Customization: Four adjustable settings allow for tailored strategy alignment. For highest success rates, it is recommended to activate all four settings. Turning off the VWAP can yield good reversal signals, though keeping it on generally results in higher success. Visualization: Best results are observed when used with Heikin Ashi candles. Additional Notes:
Ensure the 'QTP1 Exit on/off' is activated to utilize the feature fully. The trailing stop feature is available but currently under final testing and optimization.
Note: This indicator may not perform optimally on choppy market days and I find best results using Heikin Ashi Candles.
Primary Setup: The indicator identifies optimal entry points during a breakout above the 5-minute Opening Range Breakout (ORB) and above the Volume Weighted Average Price (VWAP). A retest of the VWAP or ORB, signaled by a green arrow, confirms a strong 'Long' position. The opposite setup applies for 'Short' positions. Settings Flexibility: Users can adjust the QTP1 Length setting to suit different trading styles: Standard Trading: A length of 15-20 is ideal for timeframes from 15 minutes to 1 hour. Scalping: A shorter length of 3-7 enhances responsiveness for scalping strategies. Customization: Four adjustable settings allow for tailored strategy alignment. For highest success rates, it is recommended to activate all four settings. Turning off the VWAP can yield good reversal signals, though keeping it on generally results in higher success. Visualization: Best results are observed when used with Heikin Ashi candles. Additional Notes:
Ensure the 'QTP1 Exit on/off' is activated to utilize the feature fully. The trailing stop feature is available but currently under final testing and optimization.
Note: This indicator may not perform optimally on choppy market days and I find best results using Heikin Ashi Candles.
Primary Setup: The indicator identifies optimal entry points during a breakout above the 5-minute Opening Range Breakout (ORB) and above the Volume Weighted Average Price (VWAP). A retest of the VWAP or ORB, signaled by a green arrow, confirms a strong 'Long' position. The opposite setup applies for 'Short' positions. Settings Flexibility: Users can adjust the QTP1 Length setting to suit different trading styles: Standard Trading: A length of 15-20 is ideal for timeframes from 15 minutes to 1 hour. Scalping: A shorter length of 3-7 enhances responsiveness for scalping strategies. Customization: Four adjustable settings allow for tailored strategy alignment. For highest success rates, it is recommended to activate all four settings. Turning off the VWAP can yield good reversal signals, though keeping it on generally results in higher success. Visualization: Best results are observed when used with Heikin Ashi candles. Additional Notes:
Ensure the 'QTP1 Exit on/off' is activated to utilize the feature fully. The trailing stop feature is available but currently under final testing and optimization.
Note: This indicator may not perform optimally on choppy market days and I find best results using Heikin Ashi Candles.