Moon Launch AstroWarp Study

2023年11月25日

This is the study part of script which provides TradingView Alerts.
ML AstroWarp is a powerful trend-following indicator which is designed to identify when the market is signaling a beginning or an end of a trend. It does this by combining a variety of customized indicators and the complex interactions between them determines signals, whether to buy or sell/exit positions. The use of multiple filters/indicators working together in harmony, gives out stronger and more consistent signals, which in return offers an edge on the market. At least that is the idea and approach behind this script. It is also designed to give out confirmation on when to exit prematurely (to avoid significant loss on a losing trade) and when to fully close a position (in order to exit at maximum profit).

What is also different in this script (compared to my previous ones) is the work to filter out false breakouts/bad signals. In times of uncertainty, it will wait for a pullback before firing off a signal, an example could be when a horizontal support/resistance is broken or right after a triangle breakout pattern occurs. It could also wait for confirmation (a break, hook and go) when price is testing an EMA/SMA.
Much weight on this script is put on the ATR (Average True Range). This is also used to buy lows, lets say the price is below -1 ATR while there appears Regular or Hidden Bullish Divergence on the Histogram, RSI or Fisher Transform and no bearish filters are triggered, it might signal a Buy order.

The Hull 60 Period and the ATR are used together as baselines. The price action within this area play an important role in generating signals. On the chart you will notice the Hull 60, when Green it means we are in bullish territory, when Red we are looking for confirmation to close our positions.
Other areas of importance are the roles of Waddah Attar, Hull 60 and RVGI as trend-following indicators. The RVGI (which from experience is sensitive to slight signs of weakness) helps exit positions near the tops when trends are overly bullish.

Most of the indicators used are uniquely modified. Customized and setup to filter through other indicators. They interact with each other, always looking for coinciding variables to provide an edge on the market. Some worth mentioning are: Custom Candle Stick Patterns, Average True Range (ATR), Bullish/Bearish Divergences, WaveTrend, MoneyFlow, Waddah Attar, RVGI, ADX and DI, EMA's, Pivot Reversals, VWAP, Trendlines, Horizontal Support/Resistance Breakouts.


How to use:
This is the study/indicator part of script which provides Alerts in TradingView. If you wish to get back-tests and Buy/Exit signals plotted on chart, please add the 'Strategy' part of script.
It should be pretty straight forward to use. Must mention that this strategy has only been tested/used to trade Long positions with Crypto/USD pairs on the Daily timeframe. Should you wish to explore the unknown, you could try to optimize settings and warp to mach-12 (12 Hour) or other timeframes, or travel and explore other galaxies (markets).

Properties Settings:
These are the scripts Default Settings and their values explained:
Initial capital: $1.000 (Your total capital/equity)
Base Currency: USD (The currency of your equity)
Order Size: Set to 5% of equity (Determines what percentage of your equity will be used on each trade).
Commission: 0.15% (2 x 0.075% used here as a common trading fee for market Buy+Exit on most exchanges).
Slippage: 1 ticks (Slippage happens when traders settle for a price different than what they initially requested, due to volatility in price between the time the order of entering the market and the execution of a trade).


Inputs and Style settings:
All the "Inputs" tabs default settings have been thoroughly back-tested and traded with for quite some time and its been consistent in outperforming the market. Should you wish to tinker with them, there are a wide variety of settings you can adjust and experiment with.

These following settings are purely visual and do not impact backtests/results: By default the EMA10(yellow), EMA50(green) and SMA200(red) and Hull 60 (thicker red/green line) are visible on chart.
In the "Inputs" tab you can enable "Show ATR Set" to show 1'st Average True Range. By checking "Plot Shapes on Chart" you will notice colorful diamonds, circles, triangles appearing on chart. These are a few of the custom buy/sell exit signals used while creating and optimizing the script. Below candles are bullish signals and above are bearish ones. In the "Style" tab you can see them named. This might help gain further insight on how part of this strategy functions and how its signals are generated.

Now I share this and leave it up to you to hopefully achieve the same results. Remember to Trade Safely.

Strategy:
If you have any suggestions or find any issues, please notify me.




Latest Updates/Improvements:
Code updated to Pine version 5.

Ability to trade Short positions (Optional).

Continuation Long/Short based on closes above or below EMA10. Increases current open position (Optional).

Improvement to Trendline and Support/Resistance breakout signals (Optionally Plotted on chart).

Money Flow and its Divergences added as part of strategy.

New Baseline based on a mathematical average of the Hull60 and AverageTrueRange and two other oscillators. Plotted on chart (Optional).

Option to ignore Exit signals. Appears to be more profitable long-term but may increase risk with leveraged trading.

Created new custom candle patterns and signals which attempts to prevent exiting trends prematurely.

New trading signals plotted on chart (Optional).

Fixed minor discrepancy between indicator and strategy script.

Access:
Use the link below to obtain access to this indicator.