Default settings are for BRENT, intraday .
Trend determination: 2 similar sequenced signals indicates srart trend: "BUY" "BUY" Bullish trend, "SELL" "SELL" Bearish trend
Use script for trend deals (for bearish trend: SELL means go into trade, BUY means take profit; for bullish trend: BUY means go into trade, SELL - take profit). 2 Consecutive similar signals, like "Buy" "Buy", with gap between them indicate probable trend reversal.
Stop Loss recommender on High of "signal" bar for SHORT and on LOW of "signal" bar for LONG
Script may be used for different types of trading.
For intraday: period: 960, protection: 180
For 2-3 day or weekly positions: period:4W, protection 1D
Fox indices (DXY, for example):period:1W, protection 360
Trend determination: 2 similar sequenced signals indicates srart trend: "BUY" "BUY" Bullish trend, "SELL" "SELL" Bearish trend
Use script for trend deals (for bearish trend: SELL means go into trade, BUY means take profit; for bullish trend: BUY means go into trade, SELL - take profit). 2 Consecutive similar signals, like "Buy" "Buy", with gap between them indicate probable trend reversal.
Stop Loss recommender on High of "signal" bar for SHORT and on LOW of "signal" bar for LONG
Script may be used for different types of trading.
For intraday: period: 960, protection: 180
For 2-3 day or weekly positions: period:4W, protection 1D
Fox indices (DXY, for example):period:1W, protection 360
Versionshinweise:
v 5.0 version contain ability to set different periods, protective time now is in candles for current grahp timeframe (default 0:gives signal for current candle, if you set 1: signal was for previous candle but you see it on current one).
Bug with repainting not fixed yet (I'w working on it).
Bug with repainting not fixed yet (I'w working on it).
Versionshinweise:
45 and 180 minutes are added in period settings
Versionshinweise:
Now oprtions are:
Period is period of calculation ( in minutes or D or W) - use average time between 2 BUY signals on bullish trend area (signals are start and end of one sidestep) - for UKOIL it approximately 16 hours for 1 hour graph ( in minutes or D or W)
Verification period( in minutes or D or W) is used for decreasing repainting - use average time between 2 BUY signals on the shelf area(signals should be on one side of sawtooth) - for UKOIL it approximately 3 hours
Protective time (candles) - signal shift (if you are waiting confirming candle) , default is 0
Period is period of calculation ( in minutes or D or W) - use average time between 2 BUY signals on bullish trend area (signals are start and end of one sidestep) - for UKOIL it approximately 16 hours for 1 hour graph ( in minutes or D or W)
Verification period( in minutes or D or W) is used for decreasing repainting - use average time between 2 BUY signals on the shelf area(signals should be on one side of sawtooth) - for UKOIL it approximately 3 hours
Protective time (candles) - signal shift (if you are waiting confirming candle) , default is 0
Versionshinweise:
4h (420 minutes) added to time period
Versionshinweise:
Minor algorythm improuvings
Versionshinweise:
New periods: 90min, 2D,3D,12 W, 16W and 24W are added
Versionshinweise:
period 32W are added