QuadTrendPro

QuadTrendPro:
This indicator is designed to capitalize on trend momentum, utilizing a blend of momentum indicators, directional volume, and volatility metrics. It is specifically optimized for trading SPY & QQQ on the 5-minute chart.
https://www.tradingview.com/x/fslz8t5X/https://www.tradingview.com/x/fslz8t5X/
Key Features:
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.
I am open to all feedback. Thank you.
QuadTrendPro:
This indicator is designed to capitalize on trend momentum, utilizing a blend of momentum indicators, directional volume, and volatility metrics. It is specifically optimized for trading SPY & QQQ on the 5-minute chart.
https://www.tradingview.com/x/fslz8t5X/https://www.tradingview.com/x/fslz8t5X/
Key Features:
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.
I am open to all feedback. Thank you.
QuadTrendPro:
This indicator is designed to capitalize on trend momentum, utilizing a blend of momentum indicators, directional volume, and volatility metrics. It is specifically optimized for trading SPY & QQQ on the 5-minute chart.
https://www.tradingview.com/x/fslz8t5X/https://www.tradingview.com/x/fslz8t5X/
Key Features:
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.
I am open to all feedback. Thank you.
QuadTrendPro:
This indicator is designed to capitalize on trend momentum, utilizing a blend of momentum indicators, directional volume, and volatility metrics. It is specifically optimized for trading SPY & QQQ on the 5-minute chart.
https://www.tradingview.com/x/fslz8t5X/https://www.tradingview.com/x/fslz8t5X/
Key Features:
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.
I am open to all feedback. Thank you.
Skript nur auf Einladung
Ausschließlich Nutzer mit einer Erlaubnis des Autors können Zugriff auf dieses Script erhalten. Sie müssen diese Genehmigung bei dem Autor beantragen. Dies umfasst üblicherweise auch eine Zahlung. Wenn Sie mehr erfahren möchten, dann sehen Sie sich unten die Anweisungen des Autors an oder kontaktieren Sie Tradingfy direkt.
Es handelt sich hierbei um ein privates "Invite-Only" Script, welches nicht von unseren Script-Moderatoren geprüft wurde. Demzufolge wurde auch nicht ermittelt, ob es unseren Hausregeln entspricht. TradingView empfiehlt NICHT, für die Nutzung eines Scripts zu bezahlen, wenn Sie den Autor nicht als vertrauenswürdig halten und verstehen, wie das Script funktioniert. Sie können außerdem auch kostenlose Open-Source-Alternativen in unseren Community-Scripts finden.
Hinweise des Autors
Haftungsausschluss
Skript nur auf Einladung
Ausschließlich Nutzer mit einer Erlaubnis des Autors können Zugriff auf dieses Script erhalten. Sie müssen diese Genehmigung bei dem Autor beantragen. Dies umfasst üblicherweise auch eine Zahlung. Wenn Sie mehr erfahren möchten, dann sehen Sie sich unten die Anweisungen des Autors an oder kontaktieren Sie Tradingfy direkt.
Es handelt sich hierbei um ein privates "Invite-Only" Script, welches nicht von unseren Script-Moderatoren geprüft wurde. Demzufolge wurde auch nicht ermittelt, ob es unseren Hausregeln entspricht. TradingView empfiehlt NICHT, für die Nutzung eines Scripts zu bezahlen, wenn Sie den Autor nicht als vertrauenswürdig halten und verstehen, wie das Script funktioniert. Sie können außerdem auch kostenlose Open-Source-Alternativen in unseren Community-Scripts finden.