This is combination of multiple indicators and strategies. Mainly useful for indexes and to time the entry and exits of indexes. No stoploss used - makes it less desirable for leveraged trades or trading individual stocks.
Let us rewind and look back at some of the indicators/strategies published earlier.
1. Moving Average Candles - this is one of my favourite...
With inputs for the moving average, Bullish overshoot percentage, and bearish overshoot percentage, this indicator is attempting to show market tops based on the difference between the current price of an asset and how far away it is from its moving average.
If you have the bullish overshoot percentage set to 1.5:
let's say price is currently at 20,000 and the...
