Indicator / Strategy specs and description
​Below you will notice settings explanation. As you familierize yourself with the indicator and strategy, these will become easier and easier to understand.
Also note the videos for better understanding. These will provide further insight on how to use.
INDICATOR :
SIGNAL STRENGTH
Signal strength is only applicable for Buy/Sell/Strong Buy/Strong Sell signals. (Therefore it will also affect your deviation signals) . Setting #s range from 1-50. Signal strength works best at different timeframes. A higher number is not nessisarly better. Signal strength is designed to look for certain trends and volume movement. Using the strategy , you will be able to see what strength works best for a certain time frame. Example; at a 4 hr timeframe, signal strength might be best. At a 15 min timefram, a strength of 10 might be best. Use the strategy to test what works better for you.
SIGNALS :
BUY : Buy signal
SELL : Sell signal
LINE BUY : Buy signal if bar closes under margin line
LINE SELL : Sell signal if bar closes over the margin line
TOUCH BUY : Buy signal if bar touches the margin line , even if it doesn’t close under it
TOUCH SELL : Sell signal if bar touches the margin line , even if it doesn’t close over it
STRONG BUY : Strong Buy signal
STRONG SELL : Strong Sell signal
ONE SELL / ONE BUY : Buy and Sell signals reconfigured to only trigger once before opposite signal is triggered. One Buy to every One Sell
BUY/SELL DEVIATION SIGNAL
A specific signal that is only triggered at a % distance from original buy or sell signal. EXAMPLE; Buy signal is triggered at price value 50. Deviation signal is set at 1%. Deviation signal will trigger at price value 49.5
STRONG BUY/SELL DEVIATION SIGNAL
A specific signal that is only triggered at a % distance from original Strong buy or Strong sell signal. EXAMPLE; Buy signal is triggered at price value 50. Deviation signal is set at 1%. Deviation signal will trigger at price value 49.5
LINE DEVIATION SIGNAL
A specific signal that is only triggered at a % distance from where the Buy or Sell Line closes. EXAMPLE; Buy Line signal is triggered at price value 50. Deviation signal is set at 1%. Deviation signal will trigger at price value 49.5
​TOUCH DEVIATION SIGNAL
A specific signal that is only triggered at a % distance from where the bar touches. EXAMPLE; Touch signal is triggered at price value 50. Deviation signal is set at 1%. Deviation signal will trigger at price value 49.5
DEVIATION CANDLE RANGE
​This is the range in which the deviation signal can be triggered. EXAMPLE ; If on a 1 hr timeframe, the Deviation Candle Range is set at 3, then there is aprox 3 hrs in which that Deviation Signal can be triggered.
DEVIATION CANDLE RANGE
​This is the range in which the deviation signal can be triggered. EXAMPLE ; If on a 1 hr timeframe, the Deviation Candle Range is set at 3, then there is aprox 3 hrs in which that Deviation Signal can be triggered.
DEVIATION CANDLE RANGE
​This is the range in which the deviation signal can be triggered. EXAMPLE ; If on a 1 hr timeframe, the Deviation Candle Range is set at 3, then there is aprox 3 hrs in which that Deviation Signal can be triggered.
STRATEGY:
​SIGNAL STRENGTH
Signal strength is only applicable for Buy/Sell/Strong Buy signals. (Therefore it will also affect your deviation signals) . Setting #s range from 1-50. Signal strength works best at different timeframes. A higher number is not nessisarly better. Signal strength is designed to look for certain trends and volume movement. Using the strategy , you will be able to see what strength works best for a certain time frame. Example; at a 4 hr timeframe, signal strength might be best. At a 15 min timefram, a strength of 10 might be best. Use the strategy to test what works better for you.
SIGNALS :
BUY : Buy signal
SELL : Sell signal
LINE BUY : Buy signal if bar closes under margin line
LINE SELL : Sell signal if bar closes over the margin line
STRONG BUY : Strong Buy signal
STRONG SELL : Strong Sell signal
ONE SELL / ONE BUY : Buy and Sell signals reconfigured to only trigger once before opposite signal is triggered. One Buy to every One Sell
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*NOTE :For deviation signals, the original signal must be ticked. For Example; If you want a Deviation signal from the Strong Buy, then the Strong Buy signal must be ticked. That way the Deviation signal has a price point to base the deviation from. If Strong Buy signal is not ticked, then the indicator/strategy cannot generate a deviation signal. This format is applicable for all Deviation signals. In a lower section , you will still be able to apply what specific signal you want to be traded. Even if the Strong Buy signal is ticked, you can choose to omit it from the trading entries.
BUY/SELL DEVIATION SIGNAL
A specific signal that is only triggered at a % distance from original buy or sell signal. EXAMPLE; Buy signal is triggered at price value 50. Deviation signal is set at 1%. Deviation signal will trigger at price value 49.5
DEVIATION CANDLE RANGE
​This is the range in which the deviation signal can be triggered. EXAMPLE ; If on a 1 hr timeframe, the This is the range in which the deviation signal can be triggered. EXAMPLE ; If on a 1 hr timeframe, the Deviation Candle Range is set at 3, then there is aprox 3 hrs in which that Deviation Signal can be triggered.Candle Range is set at 3, then there is aprox 3 hrs in which that Deviation Signal can be triggered.
STRONG BUY/SELL DEVIATION SIGNAL
A specific signal that is only triggered at a % distance from original Strong buy or Strong sell signal. EXAMPLE; Buy signal is triggered at price value 50. Deviation signal is set at 1%. Deviation signal will trigger at price value 49.5
DEVIATION CANDLE RANGE
This is the range in which the deviation signal can be triggered. EXAMPLE ; If on a 1 hr timeframe, the Deviation Candle Range is set at 3, then there is aprox 3 hrs in which that Deviation Signal can be triggered.
CONSIDER AS OPPOSITE SIGNAL:
BUY, SELL
LINE BUY, LINE SELL
TOUCH BUY, TOUCH SELL
STRONG BUY, STRONG SELL
BUY DEVIATION, SELL DEVIATION
BUY LINE DEVIATION, SELL LINE DEVIATION
STRONG BUY DEVIATION, STRONG SELL DEVIATION
The selected options would be where your entry will exit. These can be mixed and matched as you see fit for your desired strategy. Multiple can be selected, or none. You can select Take Profit % below , if you choose not select any Opposite Signals.
LINE DEVIATION SIGNAL
A specific signal that is only triggered at a % distance from where the Buy or Sell Line closes. EXAMPLE; Buy Line signal is triggered at price value 50. Deviation signal is set at 1%. Deviation signal will trigger at price value 49.5
TOUCH DEVIATION SIGNAL
A specific signal that is only triggered at a % distance from where the bar touches. EXAMPLE; Touch signal is triggered at price value 50. Deviation signal is set at 1%. Deviation signal will trigger at price value 49.5
TRADE SETTINGS
This section is where you really get to customize your strategy. The options below are the entries that the strategy will use according to the previous settings you have set up. You will be able to mix and match entries and exits for the desired profitability. For example, you can choose to only take longs, using Deviation Strong Buy entries, and close at the first opposite signal (Sell). Another example; you can choose to take shorts from the Touch Deviation and close at the first opposite signal (Strong Buy). You can also avoid closing on opposite signals entirely and choose to close at a profit percentage.
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USE ALL LONG: The strategy will only take longs (if All Short is also selected, then you will also be taking shorts).
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USE ALL SHORT: The strategy will only take shorts (if All Long is also selected, then you will also be taking longs).
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USE BUY/SELL: Buy and Sell entries. If All Long is selected, then only the Buy would be applied to the strategy, and vice versa; if All Short is selected, then only the Sell would be applied to the strategy. If All Long and All Short are selected, you will have both types of entries.
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USE DEVIATION BUY/SELL: Deviation Buy and Deviation Sell entries. If All Long is selected, then only the Deviation Buy would be applied to the strategy, and vice versa; if All Short is selected, then only the Deviation Sell would be applied to the strategy. If All Long and All Short are selected, you will have both types of entries.
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USE LINE BUY/SELL: Line Buy and Line Sell entries. If All Long is selected, then only the Line Buy would be applied to the strategy, and vice versa; if All Short is selected, then only the Line Sell would be applied to the strategy. If All Long and All Short are selected, you will have both types of entries.
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USE LINE DEVIATION BUY/SELL: Line Deviation Buy and Line Deviation Sell entries. If All Long is selected, then only the Line Deviation Buy would be applied to the strategy, and vice versa; if All Short is selected, then only the Line Deviation Sell would be applied to the strategy. If All Long and All Short are selected, you will have both types of entries.
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USE TOUCH BUY/SELL: Touch Buy and Touch Sell entries. If All Long is selected, then only the Touch Buy would be applied to the strategy, and vice versa; if All Short is selected, then only the Touch Sell would be applied to the strategy. If All Long and All Short are selected, you will have both types of entries.
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USE TOUCH DEVIATION BUY/SELL: Touch Deviation Buy and Touch Deviation Sell entries. If All Long is selected, then only the Touch Deviation Buy would be applied to the strategy, and vice versa; if All Short is selected, then only the Touch Deviation Sell would be applied to the strategy. If All Long and All Short are selected, you will have both types of entries.
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USE STRONG BUY/SELL: Strong Buy and Strong Sell entries. If All Long is selected, then only the Strong Buy would be applied to the strategy, and vice versa; if All Short is selected, then only the Strong Sell would be applied to the strategy. If All Long and All Short are selected, you will have both types of entries.
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USE STRONG BUY/SELL DEVIATION: Strong Deviation Buy and Strong Deviation Sell entries. If All Long is selected, then only the Strong Deviation Buy would be applied to the strategy, and vice versa; if All Short is selected, then only the Strong Deviation Sell would be applied to the strategy. If All Long and All Short are selected, you will have both types of entries.
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USE OPPOSITE SIGNAL FOR CLOSE: Entries will be closed at the opposite signal you selected from the previous section above.
TAKE PROFIT %
Profit % limit you would close your entry
STOP LOSS %
Stop loss % where you would close your entry
BACK TEST RANGES
Set backtest dates for the desired strategy date analytics. Deep backtesting is dependent on your T.V. membership
PROPERTIES TAB
INITIAL CAPITAL : Option to set the starting capital of your strategy
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BASE CURRENCY : Option to choose your desired currency
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ORDER SIZE : Option to choose how large your want your order entries to be
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PYRAMIDING: Choose how many entries you would like to take , when they meet the same criteria as your initial entry
STYLE TAB
Here you can choose color and visibility prefrence. This comes in handy when your strategy entries are Deviation entries, because you can choose to hide original signal, so your chart looks cleaner.
MARGIN LINES / LIQUIDITY ZONES
Buy Liquidity Zone
A buy liquidity zone is a price range where there is a significant number
of buy orders waiting to be executed. These zones typically act as strong support levels in the market.
Characteristics:
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Support Level: Prices tend to stabilize or bounce back from this zone,as buying pressure increases when prices approach it.
Sell Liquidity Zone
A sell liquidity zone is a price range where there is a significant number of
sell orders waiting to be executed. These zones usually act as strong resistance levels in the market.
Characteristics:
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Resistance Level: Prices tend to stabilize or fall back from this zone, as selling pressure increases when prices approach it.
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Buy Margin Line
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Definition: A specific price level where traders are likely to start buying an asset or increase their buying position.
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Purpose: Acts as a trigger to open long positions or increase existing ones, often identified using technical indicators like moving averages or support levels.
Sell Margin Line
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Definition: A specific price level where traders are likely to start selling an asset or increase their selling position.
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Purpose: Acts as a trigger to close long positions or open short positions, often identified using technical indicators like resistance levels or trend lines.
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INDICATOR & STRATEGY PREVIEW
BUY-SELL Indicator
This image showcases the settings for the indicator.
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Indicators: The specific indicators being used (e.g., Buy , Margin Buy, etc )
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Parameters: Customizable parameters like time periods, smoothing factors, and thresholds.
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Visualization: How the indicators are displayed on the price chart, helping traders spot potential buy and sell zones.
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BUY-SELL & MARGIN Strategy
This image illustrates the strategy settings used to automate trading decisions based on the identified indicators.
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Entry Conditions: Criteria for entering a trade
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Exit Conditions: Criteria for exiting a trade
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Risk Management: Settings for stop-loss and take-profit levels to manage risk.
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Execution: How trades are automatically executed based on the strategy settings.
