Money Heist• This strategy is based off of Matthew Thayers Cashtrap Strategy.
• Market Timing markers based off of Evan Cabrals Market Timing Strategy.
• Psychological Support and Resistance Levels as well as 4 Hour High and Low Support and Resistance Levels.
• The Bollinger Bands will turn Red for Resistance and Green for Support when the Market is Consolidating. The bands will turn Red at the Bottom and Green at the Top when the Market is in a Heavy Trend.
• There is a 50 ema and 200 ema used to determine the trend of price and can also be used as support and resistance
• Two types of arrows can be used by heading to the settings and choosing one or the other. Either Conditional arrows based on a point system (3 being the highest) can be used or Regular CashTrap Arrows. Arrows should be used to confirm trade not as a the only reason to take a trade
PUT
Price should be below 50 EMA and 200EMA touching Top Red Bollinger Band at a Resistance level
CALL
Price should be above 50 EMA and 200EMA touching Bottom Green Bollinger Band at a Support Level
**This Strategy Is To Be Used With The Momentum RSI, Stochastic+, and RSI+**
Evan
LOBOWASS STOCHASTICThis script uses a DMI, Stochastic , and two stochastic RSI , when they are all overbought or oversold (also applying price action and looking for bounce points) we can obtain a greater probability that the price will go in the direction we expect
This script is compact, which can be very useful for many traders
Default values
DMI:
Lenght=10
Stolenght=3
Stochastic:
K=14
D=3
Smooth=3
RSI Stochastic:
K=3
D=3
Lenght=6
Lenght Stoch=6
RSI Stochastic 2:
K=3
D=3
Lenght=14
Lenght Stoch=14
The indicators configured in this way can bring greater efficiency, do not confront only them, also use price action or other confirmat
They are arranged in a graph, such that the DMI has the oversold at 10 and the overbought at 90, first stochastic RSI oversold at 120 and overbought at 180 the socond stochastic RSI at oversold at 220 and overbought at 280, and stochastic at oversold at 320 and overbought at 380, you can configure them your way taking into account that the DMI range is from 0-100, stochastic RSI 100-200, stochastic RSI 200-300 and stochastic from 300-400
