Moving pivot: Wonton

2 kwi 2019

Protected.
Price action analysis.
Gray = No signal, do nothing
Blue = Exit Position (may just move from buy to sell and skip this depending on price action)
Green= Buy
Lime (brighter) = Strong Buy
Maroon= Sell
Red (brighter) = Strong Sell

The Price Action Balance line or the Long Term Trend line (yellow) can either be used for stop/reversal placement, triggered on close.

2 kwi 2019

Informacje o Wersji

Added Stochastic Lock indicator.

2 kwi 2019

Informacje o Wersji

Updated some functions and decision matrix.
Trend line also more visible, was Yellow, is now Navy

2 kwi 2019

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fix.

2 kwi 2019

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Added ability to see debug lines - for whatever reason.

3 kwi 2019

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Updated algo.

8 kwi 2019

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Updated.
Ability to flag stochastic extremes (settings).
Numerical score on the bar showing strength of the signal.
Scores are 20% for 20% or lower. 90% for 90% or better and levels in between.
- it is possible to use this to stagger your trades in and out of a position.
- some key line markers are included to help place stops and look for reversals
- depending on your risk tolerance, the red line is a tight stop, the purple is looser

No Buy or Sell flag will post inside the long term trend band, those tend to be chop zones, but you want to catch the break out of that zone so bar colors and scores will display.

Shorter time frames are better at capturing price action without giving up too much on larger changes in longer time frames. All depends on your trading style.

Added longer term trend indicator to follow visually.

Please like or comment if you have feedback.

9 kwi 2019

Informacje o Wersji

Updated criteria and added a few options for flags.
Recommend leaving the stochastic boost at 4. I may remove this as editable pending feedback.

9 kwi 2019

Informacje o Wersji

Further tuning based on feedback.