BITCOIN SCALP STRATEGY: MTF Money Flow Index + VORTEX

110
So this is a TWO part Multi Timeframe trade system used together in a meaningful way to enter intraday LONG and SHORT positions. Currently i'm seeing success on the M3 - M5 - M10 and M15 timeframes. The strategy goes like this:

[CHART A]
TIMEFRAME: H4
INDICATORS: 200 period SMA
20 period VORTEX

This chart determines the current intraday trend, if we are BELOW the 200SMA and the VORTEX is signalling a BEARISH trend, then we only look for SELL's on chart B. VICE VERA

[CHART B]
TIMEFRAME: M15
INDICATORS: MFI (LENGTH = 1 , UPPER = 65 , LOWER = 35)
EMA (LENGTH = 4) *note: this ema is applied to the MFI indicator itself, not the chart. This is what we will use to signal our entries
INVERSE FISHER WMA RSI and ROC of Vortex (RSI Main Period = 6 , RSI Smooth Period = 2 ) *note: we are only using the RSI plot from this indicator so turn off the first two plots and set the style to column, this will make it easier to use

anndddd..... this is how it works:
Chart A is signalling the intraday trend is bearish, so we are only looking for sell orders on Chart B. When the pink signal line on our MFI indicator crosses down below the lower 35 line and we see a subsequent red block light up on our inverse fisher indicator we enter a sell. Now is where our inverse fisher indicator plays it's role by smoothing out alot of the chop and false signals given by the mfi. Once we see a green block, we exit the trade. I like to use this strategy with the Heikin Ashi candlesticks as it helps to further smooth out trends and spot exit points.

If anyone out there knows how to write pine script please reach out as i'd love to be able to back test this strategy further. Happy trading, let me know your results!

Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.