Plots two lines to help with back testing strategies assuming a Stop less set at ATR*1.5
This indicator was created by Fábio Figueiredo (VLAD) The idea is to show the distance in percentage that the asset is of the SMA of the price, so it is possible to know if the price is very stretched or not I also added the SMA of "distance of SMA" as extra information.
In this Indicator, we have the "True Range" in percentage and the "SMA True Range" in percentage. we have a good difference from "SMA True Range" to "True Range". I believe that the "SMA True Range" better shows the volatility, making your stop and target better placed.
Try to form rules around this. Very profitable - start from - 2SD to +1SD for buy with intermediate bands as SL. vice versa for sell
Its' a new indicator for scalping on BitMEX. The most profitable indicator available on TradingView. If you study this indicator correctly you will make good amount of money. We made this indicator for scalping on BitMEX but you can use it in any markets like forex, stock, crypto etc. You can use any timeframe but I suuggest you to use low timeframes like 30 min,...
Version: 1.0.0 Finally got it tweaked with enough options to allow some more playing around with / discovery. Optimized for 1-5min time frames on Bitmex XBTUSD pair at the moment
** This is the backtesting (strategy) version of the ~ Ultimate Crypto Trading Strategy ~ script in TradingView. ** ~ Ultimate Crypto Trading Strategy ~ ֎ Trading system script on @tradingview that brings the easiest approach to trading with a high profitability rate ֎ Optimized for crypto markets, to catch trend movements as soon as possible and maximize...