This indicator used Fibonacci, MACD, RSI and Volume.
You just need to consider the "B" signal for Buy and "S" for sell your position...
Color candles stick are just here to confirm the position and use different setting less risky than B and S signals.
If you want to use the maximal potential of this indicator to buy and sell correctly I suggest you to buy and sell with B and S signal and to cut your position to the next B and S signal. You can also choose to cut your position to the next candle stick color... for less risky.
The backtesting of this indicator is 73.6% of good trades on 15 min candlestick and 81,6% on 1 minute candlesticks on BTCUSD. Same indicator is available for equities. (Min&15min_Equity_indactor_V14_Moriceau)
@HM,by repaint i mean that it basically performs so well b/c it reads the future when backtesting... but during live trading the signal wont be there or will be there in a worst place for a trade and then when it has access to the "future data" that it would have read at that point it re-draws the signal to optimal trade zone that it never fired with live data
Hugo_Sw_Trader
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@diegogasparm, Oh yes I understand what you mean :) . But my signal is created with simple mathematical tools... to avoid to set signal only on historical data... So, I totally understood what you mean but it should works with futurs data until the BTC still in a range of 8000 to 14K. after that I will re-set the indicator.
TradingPro3000
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Dear @Hugo_Sw_Trader thank you very much for this interesing and promising indicator. It has a high winrate and is good at catching short term profits, but in my backtest these are offset by big losing positions. For instance, I've tested the past month of BTC and ETH on the 1m and 15m. I open a position on the first buy or sell signals and close the position on the first opposite signal. This then leads to a loss on both timefrimes, even though the winrate is good. I can also test by laddering into positions at each buy / sell signals, but this has the risk of building up large positions which if closed in a loss offset the smaller wins. Interested in how you use the indicator. (Would also be helpful if you can add buy / sell and color change alerts).
majid1980ch
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hi , i cant see any B or S , could you advise me ?
Opt1m15t1c
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One of the best scripts I've tried...thank you. I love the colors as well! A suggestion I can think of is for the B and S to appear as speech bubbles like Pivots HL script that comes with TV.