Hendo's Momentum Fader Advanced
Momentum fader with volatillity index, directional bias, volatillity range and multiple settings.
How to use:
Pick a chart, mainly developed on XBT but supports every pair/index.
Pick a time frame:
1M, 5M, 15M, 30M, 1HR, 4HR. Other time frames are not yet supported.
Set your "volatillity setting"
Higher means bigger stop losses (and less risk/reward:more accuracy)
Last but not least:
Pick a setting for the algo to calculate with, every timeframe has multiple settings to work with.
Exits must be done manually, it's not a pivot to pivot indicator.
Interpretation:
Lime green bars signal bullish pivots
Maroon red bars signal bearish pivots
The upper&lower boundaries of the "bands" are logical places to put stop losses outside of volatillity
The colouring of said bounderies indicate trend, likelihood of continuation.
Yellow: Pivot , Green: Bullish , Red: Bearish . Transitions from Yellow/Green to Red and the other way around are the most consistent.
Entries are also signalled in blue (long) or red (short) they are determined by the algo itself. 90% of them run in profit (some short term), keep in mind that exits must be done manually.
Access is ONLY for members.
Don't request the code, I'm not letting people "help" with developments nor am I selling the code.
Stay tuned for more!
How to use:
Pick a chart, mainly developed on XBT but supports every pair/index.
Pick a time frame:
1M, 5M, 15M, 30M, 1HR, 4HR. Other time frames are not yet supported.
Set your "volatillity setting"
Higher means bigger stop losses (and less risk/reward:more accuracy)
Last but not least:
Pick a setting for the algo to calculate with, every timeframe has multiple settings to work with.
Exits must be done manually, it's not a pivot to pivot indicator.
Interpretation:
Lime green bars signal bullish pivots
Maroon red bars signal bearish pivots
The upper&lower boundaries of the "bands" are logical places to put stop losses outside of volatillity
The colouring of said bounderies indicate trend, likelihood of continuation.
Yellow: Pivot , Green: Bullish , Red: Bearish . Transitions from Yellow/Green to Red and the other way around are the most consistent.
Entries are also signalled in blue (long) or red (short) they are determined by the algo itself. 90% of them run in profit (some short term), keep in mind that exits must be done manually.
Access is ONLY for members.
Don't request the code, I'm not letting people "help" with developments nor am I selling the code.
Stay tuned for more!
Notas de prensa:
Improved some back end code and made optimalisations
Notas de prensa:
Small error fixed
Notas de prensa:
Made the colours of the main trading "bands" customizable.
Notas de prensa:
Fixed a small bug.
Notas de prensa:
Added alerts on color changes
Notas de prensa:
Update to improve the alert settings and conditions.
Notas de prensa:
I've ran a few optimizations in the code.
Notas de prensa:
Removed a small error.