Momentum Pulse Strategy v1

How does this strategy work

1. It analyses current market condition based on moving averages and determines Bullish or Bearish market condition
2. Once we confirm the current market condition, we look for a specific type of candle that has taken the liquidity which is the C1 candle marked on chart
3. Next we look for failure of that liquidity and a candle that engulfs it which confirms the trade and automatically shows the entry,sl and take profits
4. We always enter on the next candle after confirmation which is confirmed by an arrow

Guide

Alerts for Bullish/Bearish market conditions, C1 and confirmation candle available
Master alert for All the conditions also available. On and off also available for all the alert types
All the visuals are customisable in settings
Customisable take profit levels
Entry is the Gold line. SL is the red line and green lines are the Tps
Backtest the trades given by the indicator and to know the max drawdown based on the asset and timeframe
For any other info contact me on tradingview

版本注释

Updates

1. Added no trade zone to remove low probability trades.
2. Close any open trades before the no trade zone.
3. Added Long and short confirmation candles. Gold for longs and Red for shorts. Customisable colour in settings.
4. Added togglee in settings to select no trade zone based on your own backtest.

Suggested Assets to trade
1. Nasdaq Futures on 1min/5min/15min/1H
2. Gold Futures on 1min/5min/15min/1H
3. GBPUSD on 15m/1H
4. EURUSD on 15m/1H