ATLAS Wave Rider

ATLAS Wave Rider

Intended Trading Style Use
Scalping

Intended time frame use
10-min and under, ideal on 3-min chart and 5-minute chart.

Funtion
The base calculation of the candlestick chart uses the philosophy of equilibrium in Japanese technical analysis, the code reflects this by utilizing the Japanese moving average of Heiken-Ashi.
Trends are checked against an average of two time periods. They are further filtered according to the open of the unseen Heiken-Ashi and where that open occurs against the two averages. Finally, moves above and below a mean are filtered against a measured parabolic average.

Entries
Buy/Long entries occur when sufficient criteria are met to consider taking a buy/long.
Sell/Short entries occur when sufficient criteria are met to consider taking a sell/short.

Possible exits identify probable zones of safely exiting to protect profit or abandon a losing position.

This indicator is meant to be used on time frames below 10-minutes and it is intended to be used with an active 'eyes on the chart' approach.

Practice effective and efficient risk management.

เอกสารเผยแพร่:

- Title change

- Calculations for moving averages changed to more contemporary and modern technical analysis theory. Changes are less abrupt and signals are less prone to sharp changes in the averages.

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