Double Vegas SuperTrend Enhanced - Strategy [presentTrading]
█ Introduction and How It Is Different
The "Double Vegas SuperTrend Enhanced" strategy is a sophisticated trading system that combines two Vegas SuperTrend Enhanced. Very Powerful!
Let's celebrate the joy of Children's Day on June 1st! Enjoyyy!
BTCUSD LS performance
The strategy aims to pinpoint market trends with greater accuracy and generate trades that align with the overall market direction.
This approach differentiates itself by integrating volatility adjustments and leveraging the Vegas Channel's width to refine the SuperTrend calculations, resulting in a dynamic and responsive trading system.
Additionally, the strategy incorporates customizable take-profit and stop-loss levels, providing traders with a robust framework for risk management.
-> check Vegas SuperTrend Enhanced - Strategy
█ Strategy, How It Works: Detailed Explanation
🔶 Vegas Channel and SuperTrend Calculations
The strategy initiates by calculating the Vegas Channel, which is derived from a simple moving average (SMA) and the standard deviation (STD) of the closing prices over a specified window length. This channel helps in measuring market volatility and forms the basis for adjusting the SuperTrend indicator.
Vegas Channel Calculation:
- vegasMovingAverage = SMA(close, vegasWindow)
- vegasChannelStdDev = STD(close, vegasWindow)
- vegasChannelUpper = vegasMovingAverage + vegasChannelStdDev
- vegasChannelLower = vegasMovingAverage - vegasChannelStdDev
SuperTrend Multiplier Adjustment:
- channelVolatilityWidth = vegasChannelUpper - vegasChannelLower
- adjustedMultiplier = superTrendMultiplierBase + volatilityAdjustmentFactor * (channelVolatilityWidth / vegasMovingAverage)
The adjusted multiplier enhances the SuperTrend's sensitivity to market volatility, making it more adaptable to changing market conditions.
BTCUSD Local picture.
🔶 Average True Range (ATR) and SuperTrend Values
The ATR is computed over a specified period to measure market volatility. Using the ATR and the adjusted multiplier, the SuperTrend upper and lower levels are determined.
ATR Calculation:
- averageTrueRange = ATR(atrPeriod)
**SuperTrend Calculation:**
- superTrendUpper = hlc3 - (adjustedMultiplier * averageTrueRange)
- superTrendLower = hlc3 + (adjustedMultiplier * averageTrueRange)
The SuperTrend levels are continuously updated based on the previous values and the current market trend direction. The market trend is determined by comparing the closing prices with the SuperTrend levels.
Trend Direction:
- If close > superTrendLowerPrev, then marketTrend = 1 (bullish)
- If close < superTrendUpperPrev, then marketTrend = -1 (bearish)
🔶 Trade Entry and Exit Conditions
The strategy generates trade signals based on the alignment of both SuperTrends. Trades are executed only when both SuperTrends indicate the same market direction.
Entry Conditions:
- Long Position: Both SuperTrends must signal a bullish trend.
- Short Position: Both SuperTrends must signal a bearish trend.
Exit Conditions:
- Positions are exited if either SuperTrend reverses its trend direction.
- Additional conditions include holding periods and configurable take-profit and stop-loss levels.
█ Trade Direction
The strategy allows traders to specify the desired trade direction through a customizable input setting. Options include:
- Long: Only enter long positions.
- Short: Only enter short positions.
- Both: Enter both long and short positions based on the market conditions.
█ Usage
To utilize the "Double Vegas SuperTrend Enhanced" strategy, traders need to configure the input settings according to their trading preferences and market conditions. The strategy includes parameters for ATR periods, Vegas Channel window lengths, SuperTrend multipliers, volatility adjustment factors, and risk management settings such as hold days, take-profit, and stop-loss percentages.
█ Default Settings
The strategy comes with default settings that can be adjusted to fit individual trading styles:
- trade Direction: Both (allows trading in both long and short directions for maximum flexibility).
- ATR Periods: 10 for SuperTrend 1 and 5 for SuperTrend 2 (shorter ATR period results in more sensitivity to recent price movements).
- Vegas Window Lengths: 100 for SuperTrend 1 and 200 for SuperTrend 2 (longer window length results in smoother moving averages and less sensitivity to short-term volatility).
- SuperTrend Multipliers: 5 for SuperTrend 1 and 7 for SuperTrend 2 (higher multipliers lead to wider SuperTrend channels, reducing the frequency of trades).
- Volatility Adjustment Factors: 5 for SuperTrend 1 and 7 for SuperTrend 2 (higher adjustment factors increase the responsiveness to changes in market volatility).
- Hold Days: 5 (defines the minimum duration a position is held, ensuring trades are not exited prematurely).
- Take Profit: 30% (sets the target profit level to lock in gains).
- Stop Loss: 20% (sets the maximum acceptable loss level to mitigate risk).
Vegas
Vegas TunnelThis indicator is based on the "Vegas Tunnel" system from FTMO, please check out their site here for some good documentation: ftmo.com
I give FTMO full credit for this indicator, all I did here was make it easy to throw it up on a chart.
Personally, I've had some success trading with this method. I encourage doing some back and forward testing to see if it is something that would fit your trading style.
Vegas channelsThis indicator can plot vegas channel and EMA20. You can choose which time frame of the channels to display and also which channel to display, it can only show one channel and also two or three at the same time.
Customized Multi EMAPlot several EMA with only one script.
Default EMA: 20、50、100、200.
All of these are adjustable.
Also, Vegas tunnel and filter line can be presented or not according to your needs.
Vegas+200+Big Vol by RSU1. Vegas channel
The Vegas channel indicator is very effective as a short, medium and long-term trend observation indicator, and it has obvious support and resistance functions.
2. EMA200+MA200
Usually ema200 or ma200 is used as a watershed for fund institutions to evaluate the long-short trend of a stock trend.
3. Big volume box
Big volume is often used as a signal of a market trend turning,if it is greater than 4 times standard deviation it is marked as a Big volume in yellow box. There will be support and resistance at this price range.
Pulu's Moving AveragesPulu's Moving Averages
This script allows you to customize sets of moving averages. It is configured default as 3 Vegas tunnels + an MA12. You can re-configure it for any of your moving average studies. At the first release, it supports up to 7 moving averages, many parameters, and eight types of algorithms:
ALMA, Arnaud Legoux Moving Average
EMA, Exponential Moving Average
RMA, Adjusted exponential moving average (aka Wilder’s EMA)
SMA, Simple Moving Average
SWMA, Symmetrically-Weighted Moving Average
VWAP, Volume-Weighted Average Price
VWMA, Volume-Weighted Moving Average
WMA, Weighted Moving Average
If you are looking for only 3 moving averages, there is another script "Pulu's 3 Moving Averages".
Vegas Tunnel strategyApply Vegas Tunnel,
Use EMA144 169 as medium-term trend support
Also use EMA 576 676 and 4 multiples of 144 and 169 as long-term support and trend direction
Also increase EMA 36 43 as a short-term trend support
Suitable for stocks, indices, commodities
The applicable time scale can back-test the usability of the strategy by itself, and select the most applicable target
Introduction to current trading strategy:
According to the trend, the price will enter the market when it touches the support of each stage. When it touches the bollinger bands, it is Squeeze. Hold until it leaves the bollinger bands
But the trading strategy can be more optimized, see the code for details
Tunnel equalityHello all. This is a simply indicator to be used in conjunction with my Vegas tunnel script. The histogram indicates the change in the distance between the 2 moving averages that make up the Vegas tunnel.
When the histogram starts to fall or rise, it means that momentum is changing and can be an early warning signal to watch out for what Vegas describes as equality. Please research his material on line to learn more.
Enjoy!
Vegas tunnelHi all,
This is the first step in putting together a more comprehensive suite of indicators and strategies based around the original Vegas tunnel method.
You will need to know what that is before trying to use this indicator. I would implore you to take the time to read the document. It's free to the universe and is a very valuable piece of work in my opinion.
Here is the link to the original documentation dl.fxf1.com
This indicator is set up to use the original levels as described by Vegas. Future releases will allow for more custom levels.
A note on the target waves. Vegas gives us the levels of 55, 89 and 233...all in FX pips. You will need to adjust that for your instrument and it is your personal preference. If you are using BTC , you might use $55, $89 etc, for ETH $5.50, $8.90 etc, for S+P 55, 89, 233 or for FX, the number might be 0.0055 etc
The indicator has been left blank so you can fill the target waves in yourself.
A note on the templates
The original template is simply as Vegas described it in his document, change it as you wish
The TD template comes from where I first was introduced to the concept. I can't mention the full source here, but some of you will know to what I am referring to. A massive thanks to TD for all the material they have provided the world.
The HH (Hero Hedge) template is just my way of looking at the wave. It's green when the faster MA is above the slower MA and red for the opposite. It doesn't really mean much, it's just a visual reference. Perhaps you can use it to filter signals if you so wish.
Finally, some of you may notice that I am an amateur coder at best. If you think you can improve or tidy up the code, then by all means, please reach out and collaborate with me.
I am trying to produce something to the benefit of all. I hope this can help you. If it does, then please pay it forward as I am trying to do.
Hero Hedge.
Vegas tunnelHi all,
This is the first step in putting together a more comprehensive suite of indicators and strategies based around the original Vegas tunnel method.
You will need to know what that is before trying to use this indicator. I would implore you to take the time to read the document. It's free to the universe and is a very valuable piece of work in my opinion.
Here is the link to the original documentation dl.fxf1.com
This indicator is set up to use the original levels as described by Vegas. Future releases will allow for more custom levels.
A note on the target waves. Vegas gives us the levels of 55, 89 and 233...all in FX pips. You will need to adjust that for your instrument and it is your personal preference. If you are using BTC , you might use $55, $89 etc, for ETH $5.50, $8.90 etc, for S+P 55, 89, 233 or for FX, the number might be 0.0055 etc
The indicator has been left blank so you can fill the target waves in yourself.
A note on the templates
The original template is simply as Vegas described it in his document, change it as you wish
The TD template comes from where I first was introduced to the concept. I can't mention the full source here, but some of you will know to what I am referring to. A massive thanks to TD for all the material they have provided the world.
The HH (Hero Hedge) template is just my way of looking at the wave. It's green when the faster MA is above the slower MA and red for the opposite. It doesn't really mean much, it's just a visual reference. Perhaps you can use it to filter signals if you so wish.
Finally, some of you may notice that I am an amateur coder at best. If you think you can improve or tidy up the code, then by all means, please reach out and collaborate with me.
I am trying to produce something to the benefit of all. I hope this can help you. If it does, then please pay it forward as I am trying to do.
Hero Hedge.
Vegas Double TunnelAdding another two EMA 288 338 to the classical Vegas Tunnel, which helps traders identify the relationship between major trend and moderate trend. When the space between two tunnel narrows down, it indicates the changing of the trend and potential reverse of the price. Double Tunnel offsets the limitations of Original Vegas Tunnel. Traders can corporate other moving averages with Double Tunnel. Good Luck!
Vegas Wave - MSSimple Vegas Wave implementation, all 3 EMA's in one indicator for those of you with indicator limitations :D