MomentumInvest TrendFollower [@TradersVenue]

2021年1月24日

VSA CheatSheet - Have kept the chart clean and clear not by putting each signal pattern name. What matters is identifying the real price action than the pattern name. To keep the charts clutter free, haven't put the signal name under/above the candle.

Rejection or reversal patterns
Green Circle - Typical SellingClimax, Stopping Volume and Bag Holding signal patterns as per VSA. Strong price volume action but price rejection at lower level.
Red Circle - Typical Buying Climax, End Of Rising, Supply Overcoming Demand signal patterns as per VSA. Strong price volume action but price rejection at higher level.
Green Square - Typical bullish TrendReversal candle as per VSA. Bullish breakout bar immediately after a bearish breakout bar and engulfing the previous one or cover max part of it.
Red Square - Typical bearish TrendReversal candle as per VSA. Bearish breakout bar immediately after a bullish breakout bar and engulfing the previous one or cover max part of it.

Momentum breakout patterns
Blue/Green Star - Bullish breakouts. Downthrust bars with significant price volume action. Green if smaller low weak otherwise blue.
Red/Pink Star - Bearish breakouts. Downthrust bars with significant price volume action. Red if low higher weak else pink.

Candle Color
Green - Bullish with strong price action. Good to enter long towards close with SL of day low. System suggests quantity as per 2% trading rule. One can play with risk defined option strategies or cash segment as per quantity suggested.
Red - Bearish with strong price action. Good to enter short towards close with SL of day high. System suggests quantity as per 2% trading rule. One can play with risk defined option strategies like bear put spread or bear call spreads or go for hedged shorts.
Pink - Bearish with muted price action. Trail SL. Better to avoid trading these candles.
Light blue - Bullish with muted price action. Trail SL. Better to avoid trading these candles.

Plotted EMA Ribbon gives a sense of the strength of momentum. When each MA is placed with wide gaps momentum is strong. When there is EMA confluence, chances of trend strength are weakening. Background color of the chart green indicates bullishness in the underlying and red indicates that bearish pressure in the scrip. If the background color is green and you see one Blue/Green star candle it's good to go long. If the background color is red and you see one Red/Pink star candle it's good to go short.

A word of caution: Trading breakouts is very good. But you need to prepare for breakout failures. Here the system picks wide range bars for going long or short that means SL is wide probably 3% and above. Also if you notice after a strong PV breakout if price sustains below that it can see long unwinding pressure and simillary after a strong PV breakdown, if price sustains above the breakdown candle, chances of short covering is higher. Here money management and risk management becomes very important. Same has been included as part of the indicator to give you an optimal quantity for trade to keep the drawdowns lower. If you enable (1) RECO message and (2) Show Strategy (Else Study)? options then it shows a RECO box with quantity calculated as per 2% loss per trade rule. Lot of risk management, scale up/down for compounding is also available. You may try out those options one by one.

This indicator needs to be used along with the “VSA + Volume Oscillator [TradersVenue]”, because this setup relies on VSA (Volume Spread Analysis). The overall usage will be provided through a demo to the subscribing users. In order to gain access to this indicator you may contact me using the below signature.

2021年2月2日

版本注释

1) Reco message level modifications and issue fixes. Now you can see the trend follower entry price, exit price, profit as per setup and everything on your chart.
2) Additional filters added to reduce no of signals. Ex: In nifty 15M scalper no of trades reduced from 587 to 507.

3) Additional SuperTrend setup is modified to give you a trend direction.

Few more cosmetic changes. Its a major change and all are suggested to upgrade the indicator for best results.

2021年2月17日

版本注释

1) Added customizable VWAP. Label on chart would show WAP. Its helpful for intraday trading. WAP is red means bearish, WAP color green means bullish.
2) Made strategy default to show the RECO label always. If one doesn't want this, then he can uncheck and change the "Show Strategy (Else Study)?" option to false.
3) One can change Label EMA type now. Its configurable under option "Type Of Moving Average (Label)"

A major update, ensure you upgrade and change version to latest version to get the benefits.

2021年2月17日

版本注释

Just a bug fix. Sometimes it was giving error due to dynamic quantity calculation has fixed it. Please use the latest version.

2021年4月19日

版本注释

There is a major update to optimize the trade performance in both TrendMaster and VSAScalper. Must have update. Now scalping 3/5/10M also can be done following the trading rules shared. More updates will be shared to subscribers in next webinar.