This strategy will Long when:
<Note 1> Measuring price volatility to assume consolidation:
For each candlestick, we quantify price volatility by referring to the value of standard deviations (2x) of closing prices over a look-back period of 20 candles. This is exactly what the Bollinger Band (“BOLL”) indicates by default.
Knowing the value of standard deviation (2x) of prices (aka the width of lower/upper BOLL bands), we then compare it with ATR (x2) over a user-defined length (can be configured in settings). Volatility is considered to be low, relatively, when the standard deviation (x2) of prices is less than ATR (2x).
- Confirmation #1: when volume is relatively high
- Confirmation #2: during periods of price consolidation (See <Note 1>)
<Note 1> Measuring price volatility to assume consolidation:
For each candlestick, we quantify price volatility by referring to the value of standard deviations (2x) of closing prices over a look-back period of 20 candles. This is exactly what the Bollinger Band (“BOLL”) indicates by default.
Knowing the value of standard deviation (2x) of prices (aka the width of lower/upper BOLL bands), we then compare it with ATR (x2) over a user-defined length (can be configured in settings). Volatility is considered to be low, relatively, when the standard deviation (x2) of prices is less than ATR (2x).
版本注释:
Bug fixed (exit message showing "stop loss" or "take profit")
版本注释:
Improved conditional statements to determine bearish engulfing candlesticks.
版本注释:
- improved price action indicators
- modified entry condition, requires the current candlestick to be strong in support, or at least not work as bare minimum (as per price action indicators)
- modified entry condition, requires the current candlestick to be strong in support, or at least not work as bare minimum (as per price action indicators)
版本注释:
Fixed bugs, and refactored codes.
版本注释:
Values of parameters can now be further customized in settings.
