INVITE-ONLY SCRIPT
[astropark] Trend Is Your Friend V3 [strategy]
Updated
Dear Followers,
today another awesome Swing and Scalping Trading Strategy indicator, runnable on a bot, which works great on High Timeframes (1D is suggested) but also on lower ones (just write me in order to help you find correct settings) and even better on 1m Renko chart!
If you are a scalper, you will love suggested entries for fast profit. You can run it on 1h timeframe (below is not suggested, there is "no-trend" below 1h!) if you are used to scalp trading and close each trade whenever you feel happy (a proper trailing stop strategy is suggested anyway).
This is not an evolution of "Trend Is Your Friend V1" or V2, but a twin sister or the "Trend Is Your Friend V1" indicator you can see here below
![[astropark] Trend Is Your Friend V1 [strategy]](https://s3.tradingview.com/k/KBgz4uuY_mid.png)
and twin sister or the "Trend Is Your Friend V2" indicator you can see here below
![[astropark] Trend Is Your Friend V2 [strategy]](https://s3.tradingview.com/i/IsfILMSz_mid.png)
This strategy differs for the engine used as basis, but has the same usage settings:
This strategy only trigger 1 buy or 1 sell. In order to get notified when a signal is triggered, you need to use the "alarms" version of this indicator.
Strategy results are calculated on the timeframe from December 2012 to now, so on 8 years, using 10000$ as initial capital and working at 1x leverage (so no leverage at all! If you like to use leverage, be sure to use a safe option, like 3x or 5x at most in order to have liquidation price very far).
This is not the "Holy Grail", so use a proper risk management strategy.
This script will let you backtest how the indicator will perform on any chart you may test. Of course results will be very different depending on the chart and timeframe you will open. I tested a lot of charts and always you can find a combination that keep this strategy in profit on swing trading style (and this means that if you can have a daily look at the chart you can always manage to maximize your profit on each trade!)
The alarms version of this indicator, which will let you set all notifications you may need in order to be alerted on each triggered signals, can be found by searching for the astropark's "trend is your friend v3" and then choosing the indicator with "alarms" suffix in the name.
This is a premium indicator, so send me a private message in order to get access to this script.
today another awesome Swing and Scalping Trading Strategy indicator, runnable on a bot, which works great on High Timeframes (1D is suggested) but also on lower ones (just write me in order to help you find correct settings) and even better on 1m Renko chart!
If you are a scalper, you will love suggested entries for fast profit. You can run it on 1h timeframe (below is not suggested, there is "no-trend" below 1h!) if you are used to scalp trading and close each trade whenever you feel happy (a proper trailing stop strategy is suggested anyway).
This is not an evolution of "Trend Is Your Friend V1" or V2, but a twin sister or the "Trend Is Your Friend V1" indicator you can see here below
and twin sister or the "Trend Is Your Friend V2" indicator you can see here below
This strategy differs for the engine used as basis, but has the same usage settings:
- enable/disable signals on chart
- enable/disable showing trend cloud
- enable/disable bar coloring based on trend
- enable/disable background coloring based on trend
- edit trend period length (direct message me in order to help you fine best settings)
- edit a smart variant option to enhance the trend cloud on your chart
- enable/disable an option to smart enter trade
This strategy only trigger 1 buy or 1 sell. In order to get notified when a signal is triggered, you need to use the "alarms" version of this indicator.
Strategy results are calculated on the timeframe from December 2012 to now, so on 8 years, using 10000$ as initial capital and working at 1x leverage (so no leverage at all! If you like to use leverage, be sure to use a safe option, like 3x or 5x at most in order to have liquidation price very far).
This is not the "Holy Grail", so use a proper risk management strategy.
This script will let you backtest how the indicator will perform on any chart you may test. Of course results will be very different depending on the chart and timeframe you will open. I tested a lot of charts and always you can find a combination that keep this strategy in profit on swing trading style (and this means that if you can have a daily look at the chart you can always manage to maximize your profit on each trade!)
The alarms version of this indicator, which will let you set all notifications you may need in order to be alerted on each triggered signals, can be found by searching for the astropark's "trend is your friend v3" and then choosing the indicator with "alarms" suffix in the name.
This is a premium indicator, so send me a private message in order to get access to this script.
Release Notes
Added a label which highlights peak profit point of the trade (multiplied for the leverage you use in trades, 10 by default).You can now backtest better!
- you can choose to backtest only long trades or only short trades or both
- you can choose the time period you want to backtest (start and end date/time)
Release Notes
- added Heikin Ashi analysis while staying in normal candlesticks chart (you can enable/disable it)
- added "peak profit tracker label" (you can enable/disable it)
- added options to define specific timeframe to test (from a specific date/time to a specific date/time)
- added option to backtest only long trades or only short trades or both
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 astropark for more information, or follow the author's instructions below.
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.
Author's instructions
″This indicator is not free to access. Send me a private DM in order to get more info.
Want to use this script on a chart?
Warning: please read before requesting access.
I'm a software engineer, passionate for trading & developing trading tools & bots! Feel free to DM me & checkout my work: bit.ly/astroparktrading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.