Alpha2Sigma

PremiumSAR indicator by Alpha2Sigma

Concept:
Short term momentum pattern with a trend filter

Setup:
It can be observed on charts that when a candle cuts an important support or resistance level a good move follows on the side of the breakout. The extent of the breakout differs from candle to candle, however the move on break from the support/resistance level to its new pivot point is large enough to be considered as a potential profit.


Challenge:
1. Waiting for end of the day to initiate or exit a trade can put the account at a great risk if you are trapped on the wrong side of the move
2. Lowering the timeframe will lead to
a. whipsaws (too many failed signals)
b. active time and efforts (time spent on trading signals vs. productive work)
c. slippages (execution delays and spread)
d. charges (higher number of transactions)

Expectation:
We need a system which is relatively painless from the perspective of
• time invested (return on time invested)
• money spent on stock trading charges
• conservative when in losses and aggressive when it comes to letting profits run

Filter:
1. Select hourly time frame (~55-60 signals per annum / ~ 5-6 per month)
2. Select “Premium SAR indicator by Alpha2Sigma” on Tradingview charting platform

Entry:
1. Long Trades: When the Premium SAR indicator turns positive
2. Short Trades: When the Premium SAR indicator turns negative

Exit:
1. Long Trades: When the Premium SAR indicator turns negative
2. Short Trades: When the Premium SAR indicator turns positive

Position sizing:
1. 3x Leverage is preferred


RISK DISCLOSURE:
• The indicator demonstrates trending moves and should not be used as a trading recommendation
• Active trading is not suitable for everyone
• Past performance does not guarantee future results
Release Notes: For access, please DM or visit http://www.Alpha2Sigma.com to obtain access to this indicator
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 Alpha2Sigma for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it until 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 Public Library.

Want to use this script on a chart?

Warning: please read before requesting access.

Comments