This strategy will Long when:
<Note 1> Measuring price volatility to assume consolidation:
For each candlestick, we quantify price volatility by referring to the value of standard deviations (2x) of closing prices over a look-back period of 20 candles. This is exactly what the Bollinger Band (“BOLL”) indicates by default.
Knowing the value of standard deviation (2x) of prices (aka the width of lower/upper BOLL bands), we then compare it with ATR (x2) over a user-defined length (can be configured in settings). Volatility is considered to be low, relatively, when the standard deviation (x2) of prices is less than ATR (2x).
- Confirmation #1: when volume is relatively high
- Confirmation #2: during periods of price consolidation (See <Note 1>)
<Note 1> Measuring price volatility to assume consolidation:
For each candlestick, we quantify price volatility by referring to the value of standard deviations (2x) of closing prices over a look-back period of 20 candles. This is exactly what the Bollinger Band (“BOLL”) indicates by default.
Knowing the value of standard deviation (2x) of prices (aka the width of lower/upper BOLL bands), we then compare it with ATR (x2) over a user-defined length (can be configured in settings). Volatility is considered to be low, relatively, when the standard deviation (x2) of prices is less than ATR (2x).
Phát hành các Ghi chú:
Bug fixed (exit message showing "stop loss" or "take profit")
Phát hành các Ghi chú:
Improved conditional statements to determine bearish engulfing candlesticks.
Phát hành các Ghi chú:
- improved price action indicators
- modified entry condition, requires the current candlestick to be strong in support, or at least not work as bare minimum (as per price action indicators)
- modified entry condition, requires the current candlestick to be strong in support, or at least not work as bare minimum (as per price action indicators)
Phát hành các Ghi chú:
Fixed bugs, and refactored codes.
Phát hành các Ghi chú:
Values of parameters can now be further customized in settings.
