ParabolicValue

QaSH Momentum Entries

ParabolicValue Updated   
This script implements a variation of the Rob Hoffman's Inventory Retracement strategy, with entries being triggered by inventory retracement candles. Various confirmation parameters are available, such as
  • EMA slope for momentum confirmation
  • multi-timeframe EMA
  • multi-timeframe Ehler's mother of all moving averages
  • volume confirmation

Position management tools include
  • up to 3 orders can be tracked simultaneously and independently as a method of pyramiding into and out of a position
  • unique order ID's that pass along into the alert message (for helping the automation service manage positions)
  • entry filters based on current position profit
  • entry filters based on entry frequency
  • trade timers that can end a position after a specified amount of time
  • moving the stoploss when in profit
  • various parameters can be passed along into the alerts
Release Notes:
Added an option for using a following adaptive moving average for confirmation
Release Notes:
expanded slope range to 0.01-90 degrees
minor visual edit
Release Notes:
Republishing just to update the image and showcase features
Release Notes:
added support for "% risk of equity" order sizing
Release Notes:
added some quantity and leverage placeholders to be used by an automation service
Release Notes:
fixed script entering a short while already long

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 ParabolicValue 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.

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.

Author's instructions

The author of this script can no longer grant access to it. Please don't request access.

Want to use this script on a chart?

Warning: please read before requesting access.