This indicator was created after EmperorBTC's conditions. Conditions displayed below: Good timeframes for it: 30', 15', 5' To convert from strategy to study switch the commented lines in the beginning and at the end of the script
What this indicator does is: 1) Check if Pivot Point was crossed 2) Stoch-RSI and VWAP were crossed up in current or previous candle 3) Candle (or previous candle) is green Then, it will plot a Long opportunity.
Looking for volume feature. Will it feature order book and volume analysis?
vaidab
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It can't on trading view. you'd need to use tradinglite or exocharts for that.
UnknownUnicorn16251912
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@vaidab, yeah, i knew you would probably say that. can i dm you regards to the websites you mentioned? need someone who has use it long term.
vaidab
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Sure, any time.
BBRRRRRRRR
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Plans to add the short side?
vaidab
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@BBRRRRRRRR, If the script is used by enough people I'll do it.
satoribr
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@vaidab, in current market conditions it would be great to be able to short w it
vaidab
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Added shorts, enjoy :)
And they do look profitable in current market conditions.
satoribr
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@vaidab, thanks man, it seems great. I converted it to a strategy to backtest, there are periods of big drawdowns and its still profitable. Would you include an option to input a stop loss? i think it would greatly improve our ability to adjust the backtest =) and im not sure if the take profit is working... im changing it but getting always the same results
vaidab
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@satoribr, It works as it should, check the trades. Also note that Pine's strategy implementation checks conditions on candle close so if a wick touches TP it won't take profit there.
If you find an error please pinpoint the exact location, time and conditions.
I'm not looking to work on it further, I added the shorting because I was commissioned by someone.