--Indicator is working on higher time frame so i use two high time frame
the higher is ( 2 H or 3 H or 4 H or 8 H or 12 H or Daily ) and the highest is ( Daily ) Time frame .
-- When the higher time frame cross over the Daily time frame( the Highest ) this mean the TREND and
the PRICE also going UP this strategy is going to long position ( Buy position ) .
-- When the higher time frame cross under Daily time frame( the Highest ) this mean the TREND and
the PRICE also going DOWN strategy going to ( close position ) .
-- Notes :
--Indicator use some averages to calculate the higher time frame .
--Indicator use parabolic indicator to filter entries which name is ( Filter )
--Indicator use one more candle close to confirm entry ( Filter 2 )
--This the best time frame ( HIGHER , HIGHEST ) in this strategy in profit and draw down .
--Indicator is working only in Long position i am not recommend to use it in short positions .
--THIS IS NO REPAINT Indicator .
--DON'T use it in DAILY time frame
--I recommend so mush to use take profit and stop loss although the low draw down but some time
the market have a huge movements .
Release Notes
update......
--In this Indicator as i said before i user 2 high time frames the first is higher and it may be
( 2H or 3H or 4H or 8H or 12H or Daily ) and the highest is always the ( Daily Average )
the new thing that now you have 4 types of highest time frame
1- 24 H Average-------"USE 24 H Average The HIGHEST TIME FRAME"
2- 24 H Saving Trend--"USE 24 H Saving Trend The HIGHEST TIME FRAME"
3-12 H Average---------"USE 12 H Average The HIGHEST TIME FRAME"
4-12 H Saving Trend---" USE 12 H Saving Trend The HIGHEST TIME FRAME "
and now you can chose your Highest as you want
1 - Daily average is using the average of daily time frame .
2 - Daily average saving trend is using the average of daily time frame with trend safe mode .
3 - 12 H average is using the average of 12 h time frame .
4 - 12 H average saving trend is using the average of 12 h time frame with trend safe mode .
How it works
you use only one higher time frame when it cross the highest time frame up and down you will enter
position long or exit
the best thing now that you can use one highest or two highest or three highest or all highest time
frames in the same time and this will make good profit more than before and lowest draw down
in this chart i use this settings
--Chart = BTC/USDT -- Binance
--Frame = 30 min
--Higher time frame is 8 H
--Highest time frame -- i use three Highest Time Frames in this chart 24 H Average 24 H Average saving Trend 12 H Average this to get the best results in this chart more than any time before
--use one candle confirm
--use parabolic filter in ( 0.95 )
--These is the best settings for this chart
Notes.
--This Indicator Never Ever Repaint so it based on no repaint parameters.
-- Use only one higher time frame .
-- Use one or more one highest time frame as you want.
-- Use or not use One candle confirmation as you want.
--Use and change parabolic filter in other charts to get the best results .
--Dont Use this Indicator in Daily chart .
--I Will add the best settings for other charts in COMMENTS .
--When using this alert you must notice this points :
1 - when you but the alert in the chart you will get this message :
( this indicator may be repaint ) and this for using time frame but this normal and dont worry of that
the indicator will never repaint .
2 - ( LONG) this the choice for enter long position (when you dont use one candle confirmation ) .
3 - ( CLOSE) this the second choice you can use it to enter short position or exit long position (when you dont use one candle confirmation ).
2 - ( LONG1) this the choice for enter long position (when using one candle confirmation ) .
3 - ( CLOSE1) this the second choice you can use it to enter short position or exit long position (when using one candle confirmation ).
4 - ( per bar close ) you must always use this option in alert conditions page .
VERY IMPORTANT
You must setup options in alert the same of the setup of strategy to get the same results and the same work way
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