Smoothed Trend Wave (Strategy)

This is a the Final version of Smooth Trend Wave

* Average Trend is show
* Calculation of different period of moving average
* Candlestick Pattern
* Background color is based on candle color.

Use Strategy Format to show back-test result. When I create this indicator is based on daily chart. (lower timeframe, result might be different)

7 type of strategy (can be select)

Strategy 1 & 2 : long/short according the trend
Strategy 3 & 4 : long/short according retracement in same trend
Strategy 5 & 6 : long/short bet for rebound
Strategy 7 : potential buying point (low chance happens)

Example of back-testing is use crypto between 1-1-2019 to 30-7-2020 (after JULY is a bullish momentum will causing *repaint" of strategy result)
* Strategy is set initial equity of 10000usd
* Each order is only 30% of equity, to make risk management
* Maximum 5 order is allow in strategy

Kindly PM or comment below if you have any question.

Release Notes

Add in Stop Loss setting for strategy

Bug Fix for Strategy 5 & 6

Strategy 1 to 4 : high chance to profit (follow the trend)

Strategy 5 and 6 : trade against the trend (rebounding).

Strategy 7 : double entry when potential buy point.

* Percentage profitable is depends on number of trade (Low% but able to earn 80% of big trend)

* Profit Factor is most important !!! Calculate based on gross profit/gross loss

Release Notes

* Fix Bug

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

TraderX_Unknown

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.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

TraderX_Unknown