7 major point in this indicator are as follows :- •Tenkan-sen •Ichimoku Cloud •Exponential Moving Average •Change of Volume Analysis (calculated in background) •Modified Keltner Channel (calculated in background) •RSI Divergence (calculated in background) •Entry and Exit Point
https://www.tradingview.com/chart/L0QFgK3T/?symbol=MYX%3AFCPO1%21 There will be 2 types of Long entry alert and 2 types of Short entry alert. •The first one is marked as "Long" or "Short" only which indicates the signal calculated by Keltner Channel, Tenkan-sen and change of volume in sudden time. •The second one is marked as "Long Divergence" and "Short Divergence" which indicates signal by RSI Divergence in my own way (not aggressive).
The idea of this script is only trade the highest probability setup and I shall call it the "High Probability, Probability Trading". This is definitely not a buy or sell call as the idea of the script is to give a good direction for trader and to learn the high probability trading setup which includes the volatility of the market.
This script specifically created for Futures Crude Palm OIL (FCPO) market and may works differently in different market. It works great in 1 minute time-frame and 3 minute time-frame (with slight adjustment).
Kindly contact me for usage. Thanks!
版本注释
New Condition Added as follows :-
Counter trend during market opening
Risk and Reward ratio updated.
Trail stop updated
User can customize Long and Short condition based on preferences
版本注释
Updated entry condition
Update risk to reward ratio (non slippage). Kindly use the option for better winning percentage https://ibb.co/SxTxrYQ Thank you and have fun!