Moonraker 1.3
Colour coded mean line using price and volume
Volatility Bands
Major support and resistance plotted lines
Suggested dynamic hard stop placement
Built for all markets
A realistic strategy for multi-asset portfolio management
Complementary components to assist other indicators/strategies
Key D1 Strategy:
Designed for the 1D+ chart
The overall assumption is that price gravitates towards the mean
The intention is to remain in the market directionally as long as possible
1) Once the asset closes the period above the mean line the asset is considered to be bullish
2) Trader will wait and look to buy close to the developing mean line
3) Trader once filled, remains long
4) If price closes below the mean line, trader will place asks/sell orders close to the developing mean line
5) Trader moves asks along developing mean line until the trade is exited
6) Trader waits in a neutral position until condition 1) is met
Other strategy consideration ;
7) Support and resistance plotted lines can also be used to overrule condition 6) i.e. if the asset falls to a key support area AND trader has already exited, they can look to re-enter and be long to the mean line at which point condition 5) is met
8) Volatility bands can be used as a warning around the deviation from the mean line and probability of reversal
9) Hard stops can be used -> there is a general trade-off between volatility and remaining in the trade – Dynamic hard stops can be used if the trader wishes to add a layer of additional risk management to mitigate unusual volatile events. Should a stop be triggered, waiting for either condition 1) 7) or 8) are met before entering.
Other consideration;
- Works well alongside the Predator indicator; adding additional confluence to the strategy or identifying entries if predator is already within a trend where the initial entry was missed.
- Additional alerts from crossing upper and lower mean line band.
- Option to include Combined Bitcoin volume.
Also, please be aware that i have been made aware of a bug in the alerts previously added to please just test them at the moment.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact filbfilb directly.
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Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact filbfilb directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.