BST system is Entry Criteria based on the logic of price action which price always moves the way ' contraction-expansion-contraction', also known as 'stage1 & stage2' exchange. Stage1 means that price is squeezed back and forth before/after expansion. Stage2 means impulse or expansion to a certain direction. Both "late stage1" and "early stage2" are the best opportunity for entry. Oppositely both "early stage1" and "late stage2" are the best chance for Take profits.
Key Features:
1. Key Bar: that means price in stage2 which is expanding right now, we would better avoid enter market at the moment till price contracting.
2. Blue dashes/dots: The SL point also means price is in stage1 which is back and forth in a narrow range, price is squeezed/contracted before next expansion/mark up. This is the best chance to enter market.
3. Yellow dashes/dos: The recommended entry point, you can also use blue bashes/dots for instead. Because of slippage and spread in different assets, fine tuning parameters is better option. But the default value 1 is suit for most of assets.
How it works ：
What the Key Bar is: For any given candle, if its body crossover prior candle’s high meanwhile its high reaches the ATR of POC (point of control) of prior candle. That means this candle is more powerful and directional than normal bullish candle. vice versa.
The Bullish Key Bar updated strong new high, so we marked that new high with yellow dashes and meanwhile marked the ATR of POC with blue dashes/dots. From the perspective of “Buy for Sell”, sellers always protect high, buyers always protect low. That is why the new high created by bullish key bar turns into the protected high for sellers. The protected high represents the SL point for sellers and entry point for buyers. Vice versa the Bearish Key Bar.
As we know, market structure is fractal, based on the same rules, the Key Bars will be found in LTF, the protected high/low with ATR of POC which created by Key Bars in LTF are marked with blue dots.
This indicator is not only entry/SL tools. You can use the key bar to verify if the current trend is likely to continue running or not.
Of course, tons of acknowledgment behind charts. Indicator offers just additional view of market. Enjoy.
Key Features:
1. Key Bar: that means price in stage2 which is expanding right now, we would better avoid enter market at the moment till price contracting.
2. Blue dashes/dots: The SL point also means price is in stage1 which is back and forth in a narrow range, price is squeezed/contracted before next expansion/mark up. This is the best chance to enter market.
3. Yellow dashes/dos: The recommended entry point, you can also use blue bashes/dots for instead. Because of slippage and spread in different assets, fine tuning parameters is better option. But the default value 1 is suit for most of assets.
How it works ：
What the Key Bar is: For any given candle, if its body crossover prior candle’s high meanwhile its high reaches the ATR of POC (point of control) of prior candle. That means this candle is more powerful and directional than normal bullish candle. vice versa.
The Bullish Key Bar updated strong new high, so we marked that new high with yellow dashes and meanwhile marked the ATR of POC with blue dashes/dots. From the perspective of “Buy for Sell”, sellers always protect high, buyers always protect low. That is why the new high created by bullish key bar turns into the protected high for sellers. The protected high represents the SL point for sellers and entry point for buyers. Vice versa the Bearish Key Bar.
As we know, market structure is fractal, based on the same rules, the Key Bars will be found in LTF, the protected high/low with ATR of POC which created by Key Bars in LTF are marked with blue dots.
This indicator is not only entry/SL tools. You can use the key bar to verify if the current trend is likely to continue running or not.
Of course, tons of acknowledgment behind charts. Indicator offers just additional view of market. Enjoy.
版本注释:
Major update
1. Provide more alert options.
2. Validated Entry/SL with typical verified price action to enhance effectiveness and reduce signal noises
3. Verified directional key bar available to reduce signals in scenario of reversal phrase, because in the reversal stages of trending, a strong directional key bar may be easily updated by a opposite strength burst, so it's better do nothing at this moment
4. other minor bugs fixed.
1. Provide more alert options.
2. Validated Entry/SL with typical verified price action to enhance effectiveness and reduce signal noises
3. Verified directional key bar available to reduce signals in scenario of reversal phrase, because in the reversal stages of trending, a strong directional key bar may be easily updated by a opposite strength burst, so it's better do nothing at this moment
4. other minor bugs fixed.
版本注释:
版本注释:
Simplify options and other minor fix
版本注释:
Made further efforts to reduce noisy signals, with additional price action criteria being introduced, to adapt to the scenario of illiquid market or illiquid sessions. (One of typical features of illiquid market is that price bounce back and forth in a extreme narrow range with tons of noisy equal low/high left behind.)
版本注释:
re-design visual interface for better use
版本注释:
Major update
1. New visual interface , easy to use
2. Use candlesticks charting techniques to enhance mutual verification method for further reducing noise signals
3. Optimize directional key candles with statistical data from live trading results of real world traders.
1. New visual interface , easy to use
2. Use candlesticks charting techniques to enhance mutual verification method for further reducing noise signals
3. Optimize directional key candles with statistical data from live trading results of real world traders.
版本注释:
Further reducing noise signals and other minor fix
Typical scenarios for user guide.
Typical scenarios for user guide.
版本注释:
1. Applying studies of liquidity features of market to the indicator that help us to further reduce most of inducement signals or false signals during illiquid session and illiquid price ticking area. Some of common price action for illiquidity is known as FVG (fair value gap) , Gaps, 0 volatility candlesticks ( dashed line candle). With slimed signals, traders can keep away from illiquidity as far as possible.
2. Other minor fix.
2. Other minor fix.
版本注释:
minor fix of alert
版本注释:
bug fix
版本注释:
BST system VERSION 2.0 coming!!!
The new concept of “stack of momentum” and “the principle of minimizing losses” introduced in algorithm.
The momentum of price moving is generated by taking opponent’s position which means bearish momentum is established only by long position been stopped out, vice versa. That theory helps us further understanding the nature of price moving. Studying stack of momentum on one timeframe is easier than analysis structure on multi-timeframe. That means with more bullish momentums are established within specific stage such as consolidation stage, the price is more likely reaccumulating than redistributing, vice versa.
Further step, when price is consolidating/ranging//back and forth the momentum of buyers and sellers entangle with each other meanwhile momentum key candles are overlapping as known as contracting stage. Market now is in balance. Afterwards, the balance is broken, more and more same colored key candles are accumulating intensively before price rocket up, we called it late stage of consolidation, the early stage of rocket up, which is the best opportunity to enter market.
In new update of indicator is combining the S/L and Entry point as one to simplify execution. That because the S/L of long position is always the Entry of short position as I said momentum is only established by opponent’s position been taken.
The principle of minimizing losses is introduced to deal with most complex fusion price actions, indicator is always trying to give out more entry points than matched S/L. That because our priority target or bottom line is to protect capital save other than taking profits. The less S/L signals, the less loss chances.
At last, try to establish your own style of trading with this tool and start your trading from BUY/SELL STOP YELLOW and PUT STOP LOSS BLUE. Enjoy!
DISCLAIMAR: ANY TRADING IS HIGHLY RISKY AND ALL LOSSES ARE ON YOUR OWN.
The new concept of “stack of momentum” and “the principle of minimizing losses” introduced in algorithm.
The momentum of price moving is generated by taking opponent’s position which means bearish momentum is established only by long position been stopped out, vice versa. That theory helps us further understanding the nature of price moving. Studying stack of momentum on one timeframe is easier than analysis structure on multi-timeframe. That means with more bullish momentums are established within specific stage such as consolidation stage, the price is more likely reaccumulating than redistributing, vice versa.
Further step, when price is consolidating/ranging//back and forth the momentum of buyers and sellers entangle with each other meanwhile momentum key candles are overlapping as known as contracting stage. Market now is in balance. Afterwards, the balance is broken, more and more same colored key candles are accumulating intensively before price rocket up, we called it late stage of consolidation, the early stage of rocket up, which is the best opportunity to enter market.
In new update of indicator is combining the S/L and Entry point as one to simplify execution. That because the S/L of long position is always the Entry of short position as I said momentum is only established by opponent’s position been taken.
The principle of minimizing losses is introduced to deal with most complex fusion price actions, indicator is always trying to give out more entry points than matched S/L. That because our priority target or bottom line is to protect capital save other than taking profits. The less S/L signals, the less loss chances.
At last, try to establish your own style of trading with this tool and start your trading from BUY/SELL STOP YELLOW and PUT STOP LOSS BLUE. Enjoy!
DISCLAIMAR: ANY TRADING IS HIGHLY RISKY AND ALL LOSSES ARE ON YOUR OWN.
版本注释:
Removed signals with success rate lower than 50% to keep the rest more effective.
More advance option and precise results updated in premium version.
More advance option and precise results updated in premium version.
版本注释:
How to identify bias/trend with help of indicator easily? The "stack of momentum" is very powerful and visual tool than others.
版本注释:
refresh demo pics
版本注释:
版本注释:
版本注释:
minor fix
This is a typical scenario of how to use key candle and signals in trading. Traders can protect capital with fast BE and take profits by trailing with given signals.
More advance function in premium including parameters self setting, adaption for illiquidity markets, momentum based dynamical signals, etc..
This is a typical scenario of how to use key candle and signals in trading. Traders can protect capital with fast BE and take profits by trailing with given signals.
More advance function in premium including parameters self setting, adaption for illiquidity markets, momentum based dynamical signals, etc..