JD Progress Indicator is a two-part algorithm that is designed for both the 4hr and DAILY chart with unique alerts for each timeframe.
This can be applied to Forex, Stocks, Crypto and Metals
How to use;
4hr - When price crosses the channels and the confirmation indicators at the bottom all align, the trade alerts will be shown on screen.
D1 - When the price crosses the channels (no need to wait for confirmation indicators), the trade alerts will be shown on screen
There are a number of rules baked into the code to try and eliminate as many fake signals as possible.
ATR targets and stop losses are also shown on screen and can be hidden if desired. I'd suggest aiming for 1x ATR target and 1.5 ATR Stop Loss. Use two trades and let the second run with a trailing stop.
This algorithm is essentially a reversal system that uses a number of specifically tested and chosen indicators to identify reversals as early as possible.
When to trade.
4hr - I suggest trading Tues - Thurs when trading the 4hr. Background shading will assist with this.
D1 - Trade 5 days a week.
With both timeframes, wait for the bar to close and place a pending order with a 5 pip gap.
JD Core in action
How to Access
Gain access to JD Progress Confirmations for your TradingView account through our website, links below.
7 day paid trials, subscriptions and lifetime access are all available.
All tiers give you full instructions on how to trade this strategy.
版本注释
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Update of alert labels
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Update of Alert Tags
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Major code overhaul for 2021
+ Pip gap + Entry options + Target and alert options + Code for integrations with the TradingBridge
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Code overhaul + Stop options + Target options + Smarter alerts + Pip gap on alert only + Better stop value visual