In essence, this strategy is a heavily smoothed range filter.
This strategy includes a backtester and ability to connect it with your 3 commas bot(See adviced settings below)
The calculation steps below gives an example on how signals are made: 1. Calculating the price movement using ATR, % change, standard deviation etc.. 2. Obtaining the smoothed price using SMA. 3. Obtaining the absolute value of the bar-to-bar change. 4. Applying EMA, twice, to the values in step 3. 5. Obtaining the slow trailing line by multiplying the result of step 4 by 1.618.
Think of it as a heavily smoothed price range If the 1.618 value looks familiar, that’s because it’s used in Fibonacci sequences. You can of course experiment with other values. I’ve seen good results with both 2.618 and 4.236
What does the strategy do?
1. Determine Trend Detection
2. Detect Short-Term Momentum
3commas settings: -For now you can only use simple bots. -Create LONG and SHORT bots for the coins you like to trade and set up alerts(You can send long and short signal from the same alert) -Set TP to 50% the strategy will handle buys and exits based on your inputs. -Set safety orders to 0. I might add DCA to the strategy if testing proves that to be a good solution. -When you have made the bots input the bot ID and token adress in the settings of the strategy. -When creating the alert use this webhook :3commas.io/trade_signal/trading_view -In the message field you use {{strategy.order.alert_message}} as the placeholder.