INVITE-ONLY SCRIPT
Hendo's Momentum Fader Advanced
Updated
Momentum fader with volatillity index, directional bias, volatillity range and multiple settings.
How to use:
Pick a chart, mainly developed on XBT but supports every pair/index.
Pick a time frame:
1M, 5M, 15M, 30M, 1HR, 4HR. Other time frames are not yet supported.
Set your "volatillity setting"
Higher means bigger stop losses (and less risk/reward:more accuracy)
Last but not least:
Pick a setting for the algo to calculate with, every timeframe has multiple settings to work with.
Exits must be done manually, it's not a pivot to pivot indicator.
Interpretation:
Lime green bars signal bullish pivots
Maroon red bars signal bearish pivots
The upper&lower boundaries of the "bands" are logical places to put stop losses outside of volatillity
The colouring of said bounderies indicate trend, likelihood of continuation.
Yellow: Pivot , Green: Bullish , Red: Bearish . Transitions from Yellow/Green to Red and the other way around are the most consistent.
Entries are also signalled in blue (long) or red (short) they are determined by the algo itself. 90% of them run in profit (some short term), keep in mind that exits must be done manually.
Access is ONLY for members.
Don't request the code, I'm not letting people "help" with developments nor am I selling the code.
Stay tuned for more!
How to use:
Pick a chart, mainly developed on XBT but supports every pair/index.
Pick a time frame:
1M, 5M, 15M, 30M, 1HR, 4HR. Other time frames are not yet supported.
Set your "volatillity setting"
Higher means bigger stop losses (and less risk/reward:more accuracy)
Last but not least:
Pick a setting for the algo to calculate with, every timeframe has multiple settings to work with.
Exits must be done manually, it's not a pivot to pivot indicator.
Interpretation:
Lime green bars signal bullish pivots
Maroon red bars signal bearish pivots
The upper&lower boundaries of the "bands" are logical places to put stop losses outside of volatillity
The colouring of said bounderies indicate trend, likelihood of continuation.
Yellow: Pivot , Green: Bullish , Red: Bearish . Transitions from Yellow/Green to Red and the other way around are the most consistent.
Entries are also signalled in blue (long) or red (short) they are determined by the algo itself. 90% of them run in profit (some short term), keep in mind that exits must be done manually.
Access is ONLY for members.
Don't request the code, I'm not letting people "help" with developments nor am I selling the code.
Stay tuned for more!
Release Notes
Improved some back end code and made optimalisationsRelease Notes
Small error fixedRelease Notes
Made the colours of the main trading "bands" customizable. Release Notes
Fixed a small bug.Release Notes
Added alerts on color changesRelease Notes
Update to improve the alert settings and conditions.Release Notes
I've ran a few optimizations in the code. Release Notes
Removed a small error.Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact ExLunaAdInfinitum for more information, or follow the author's instructions below.
Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
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Disclaimer
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