A number of experiments have been tested, refined and combined into a trend following system.
There's elements of pivot boss, multiple length volume weighted ALMA based trend detection (optional MTF) and my own "chandelier" based cycle/volatility bands.
Inner bands indicate short term volatility range, support/resistance, Outer bands medium term.
Inner band colour represents short term trend and can indicate early a possible trend change, trend weakening etc.
Confirmed by the medium term trend and the chart background MTF trend.
High volatility events can indicate tops/bottoms, or at the very least cautionary areas where at the very least partial TP/more active risk management should come into play.
During periods of prolonged sideways/chop you will get mixed signals and it is best to wait for a good high volatility/volume breakout before considering an entry.
Additional notes on the chart.
------------------------------------------------------- A lot of time and effort went into this one, if you find it useful please consider a tip/donation : BTC - 3BMEXEDyWJ58eXUEALYPadbn1wwWKmf6sA
I forgot to mention, when choosing your time frame, you need to manually change the MTF to one that is a good fit for your chart ie changing the setting to 1D for the MTF timeframe on a 4H chart, or 2 or 3H MTF for a 30min chart etc
syrinxflunki
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You are actually on fire :D
rumpypumpydumpy
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@syrinxflunki, Haha, yeah been one of those rare days 3 for 3 scalps as well =)