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barrettdenning
6. Okt. 2022 19:55

Exit-Willy Alerts 

SPDR S&P 500 ETF TRUSTArca

Beschreibung

This is the Exit-Willy indicator. It issues Buy and Sell signals based on exit data from different moving averages and the Williams Percent R. It also has a LSMA filter. All values are adjustable. I like to use it with a higher Exit value being as it filters some of the false signals. There are multiple different settings to change and alter.
Kommentare
sasamruddhi24
On which time frame its work perfectly
dernickromant
@sasamruddhi24, hi, if you are still interested, i posted a comment about this
HankSailAway
Hi, looks quite good but what is the intended timeframe for this? I guess it does not work the same on any... to me it looks a bit that exit signal is more trustworthy then buy, which is also useful for going short.
sharekingpro
lot of times, it just not shows any signal even market moved a lot in opposite direction. happened with xauusd today. 1min timeframe.
fatihmertarslan01
does it repaint?
barrettdenning
@fatihmertarslan01, it does not repaint just wait until candle close for signal to be permanent.
Janter_pangemanan
@barrettdenning, great , thank you.
dernickromant
I analysed this beatiful indicator a bit, here is what i found (currently only tested on BTC, but looks very promising for Forex as well):
- its performance (predictive ability) declines with timeframes higher than 1h
- it highly favors shorting
--> around 85% of crashes are prevented with a loss of less than 20% of the total drawdown of the crash
--> with bullruns however, this percentage is only at about 55%
- it gets highly sensible when the price movement is small over a longer period of time
- it is also highly sensible to arbitrage - i got different results on Binance than on Kraken
- a backtest on a simple trading strategy (use only this indicator for opening long/short, stop loss is at the last swing high/low of the last 11 candles, use 1.5 ration between target and stop, 0.1% maker and taker fee, dont open a position if the potential win is less than the trading fees):
--> the best timeframe, was 15m
--> the short positions got an average monthly return of 4.1%
--> the long positions an negative monthly return (on all timeframes), so i would not include them at all in a strategy
barrettdenning
@dernickromant, Great I am glad this looks good to you. Let me know if you test it.
Cucu82
Good
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