QuadTrendPro

QuadTrendPro:
This indicator is designed to capitalize on trend momentum, utilizing a blend of momentum indicators, directional volume, and volatility metrics. It is specifically optimized for trading SPY & QQQ on the 5-minute chart.
https://www.tradingview.com/x/fslz8t5X/https://www.tradingview.com/x/fslz8t5X/
Key Features:
Primary Setup: The indicator identifies optimal entry points during a breakout above the 5-minute Opening Range Breakout (ORB) and above the Volume Weighted Average Price (VWAP). A retest of the VWAP or ORB, signaled by a green arrow, confirms a strong 'Long' position. The opposite setup applies for 'Short' positions.
Settings Flexibility: Users can adjust the QTP1 Length setting to suit different trading styles:
Standard Trading: A length of 15-20 is ideal for timeframes from 15 minutes to 1 hour.
Scalping: A shorter length of 3-7 enhances responsiveness for scalping strategies.
Customization: Four adjustable settings allow for tailored strategy alignment. For highest success rates, it is recommended to activate all four settings. Turning off the VWAP can yield good reversal signals, though keeping it on generally results in higher success.
Visualization: Best results are observed when used with Heikin Ashi candles.
Additional Notes:
Ensure the 'QTP1 Exit on/off' is activated to utilize the feature fully.
The trailing stop feature is available but currently under final testing and optimization.
Note: This indicator may not perform optimally on choppy market days and I find best results using Heikin Ashi Candles.
I am open to all feedback. Thank you.
QuadTrendPro:
This indicator is designed to capitalize on trend momentum, utilizing a blend of momentum indicators, directional volume, and volatility metrics. It is specifically optimized for trading SPY & QQQ on the 5-minute chart.
https://www.tradingview.com/x/fslz8t5X/https://www.tradingview.com/x/fslz8t5X/
Key Features:
Primary Setup: The indicator identifies optimal entry points during a breakout above the 5-minute Opening Range Breakout (ORB) and above the Volume Weighted Average Price (VWAP). A retest of the VWAP or ORB, signaled by a green arrow, confirms a strong 'Long' position. The opposite setup applies for 'Short' positions.
Settings Flexibility: Users can adjust the QTP1 Length setting to suit different trading styles:
Standard Trading: A length of 15-20 is ideal for timeframes from 15 minutes to 1 hour.
Scalping: A shorter length of 3-7 enhances responsiveness for scalping strategies.
Customization: Four adjustable settings allow for tailored strategy alignment. For highest success rates, it is recommended to activate all four settings. Turning off the VWAP can yield good reversal signals, though keeping it on generally results in higher success.
Visualization: Best results are observed when used with Heikin Ashi candles.
Additional Notes:
Ensure the 'QTP1 Exit on/off' is activated to utilize the feature fully.
The trailing stop feature is available but currently under final testing and optimization.
Note: This indicator may not perform optimally on choppy market days and I find best results using Heikin Ashi Candles.
I am open to all feedback. Thank you.
QuadTrendPro:
This indicator is designed to capitalize on trend momentum, utilizing a blend of momentum indicators, directional volume, and volatility metrics. It is specifically optimized for trading SPY & QQQ on the 5-minute chart.
https://www.tradingview.com/x/fslz8t5X/https://www.tradingview.com/x/fslz8t5X/
Key Features:
Primary Setup: The indicator identifies optimal entry points during a breakout above the 5-minute Opening Range Breakout (ORB) and above the Volume Weighted Average Price (VWAP). A retest of the VWAP or ORB, signaled by a green arrow, confirms a strong 'Long' position. The opposite setup applies for 'Short' positions.
Settings Flexibility: Users can adjust the QTP1 Length setting to suit different trading styles:
Standard Trading: A length of 15-20 is ideal for timeframes from 15 minutes to 1 hour.
Scalping: A shorter length of 3-7 enhances responsiveness for scalping strategies.
Customization: Four adjustable settings allow for tailored strategy alignment. For highest success rates, it is recommended to activate all four settings. Turning off the VWAP can yield good reversal signals, though keeping it on generally results in higher success.
Visualization: Best results are observed when used with Heikin Ashi candles.
Additional Notes:
Ensure the 'QTP1 Exit on/off' is activated to utilize the feature fully.
The trailing stop feature is available but currently under final testing and optimization.
Note: This indicator may not perform optimally on choppy market days and I find best results using Heikin Ashi Candles.
I am open to all feedback. Thank you.
QuadTrendPro:
This indicator is designed to capitalize on trend momentum, utilizing a blend of momentum indicators, directional volume, and volatility metrics. It is specifically optimized for trading SPY & QQQ on the 5-minute chart.
https://www.tradingview.com/x/fslz8t5X/https://www.tradingview.com/x/fslz8t5X/
Key Features:
Primary Setup: The indicator identifies optimal entry points during a breakout above the 5-minute Opening Range Breakout (ORB) and above the Volume Weighted Average Price (VWAP). A retest of the VWAP or ORB, signaled by a green arrow, confirms a strong 'Long' position. The opposite setup applies for 'Short' positions.
Settings Flexibility: Users can adjust the QTP1 Length setting to suit different trading styles:
Standard Trading: A length of 15-20 is ideal for timeframes from 15 minutes to 1 hour.
Scalping: A shorter length of 3-7 enhances responsiveness for scalping strategies.
Customization: Four adjustable settings allow for tailored strategy alignment. For highest success rates, it is recommended to activate all four settings. Turning off the VWAP can yield good reversal signals, though keeping it on generally results in higher success.
Visualization: Best results are observed when used with Heikin Ashi candles.
Additional Notes:
Ensure the 'QTP1 Exit on/off' is activated to utilize the feature fully.
The trailing stop feature is available but currently under final testing and optimization.
Note: This indicator may not perform optimally on choppy market days and I find best results using Heikin Ashi Candles.
I am open to all feedback. Thank you.
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Instrukcje autora
Wyłączenie odpowiedzialności
Skrypt tylko na zaproszenie
Tylko użytkownicy zatwierdzeni przez autora mogą uzyskać dostęp do tego skryptu. Musisz złożyć prośbę i uzyskać zgodę na jego użycie. Zazwyczaj jest ona udzielana po dokonaniu płatności. Aby uzyskać więcej informacji, postępuj zgodnie z instrukcjami autora poniżej lub skontaktuj się bezpośrednio z Tradingfy.
Pamiętaj, że ten prywatny skrypt dostępny tylko na zaproszenie nie został sprawdzony przez moderatorów skryptów i jego zgodność z Zasadami Społeczności nie została określona. TradingView NIE zaleca płacenia za skrypt ani jego używania, jeśli nie masz pełnego zaufania do jego autora i nie rozumiesz, jak działa. Możesz także znaleźć darmowe, open-source'owe alternatywy w naszej sekcji skryptów społecznościowych.