This indicator will try to capture maximum trend of a stock
it will keep trailing stoploss to capture maximum trend
Works best in trendy markets
FEATURES:
Done and backtested on indian stocks.
Trade session and exit session can be specified as inputs.
* Optional Stoploss
*Specially developed for intraday trading
*It would be good to use on normal candlesticks and time frame between (3 to 15 min)
INPUTS: TRADE FREQUENCY: it can be an integer from from 1 to 5 , Frequency denotes the trading frequency, low frequency will take less number of trades and will have HIGHER risk rewads (to use lowest frequency 1 ) High freqency it will take more trades and with less profits good for scalpers , it will have low risk and low reward) Frequency requirement can be given between 1 to 5 , 1 is the lowest and 5 is the Highest frequency
Sideways Bias: This is an extra filter to reduce the loss in sideways movement, Your sideways bias can be given between 0 to 3 0 if No bias on sideways 3 if biased on sideways
Reduce the risk filter: This would try to bok profit quickly and begginers can use this
Optional stoploss: you can define your risk in points
Trade Quantity:This is quantity you want to trade on particular day, it is used to plot buy or sell quantity on chart (quantity is not taken into consideration in backtest)
Trade session: Session for entries can be specified Exit session: session for exit can be specified
Custom Bactesting: This is to provide backtesting results of a stock in given range of dates
Release Notes
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customized input options so that users have better understanding of parameters
Release Notes
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Removed unimportant input parameters by making them standardized , This would reduce the chance of placing wrong inputs in input parameters