This trading strategy uses buy and sell indicator Vol Atr and other two indicators. This strategy has 90% win rate after customisation. There are various technical indicators and trading strategies that can be used to analyze market trends and identify potential buying or selling opportunities. Some popular indicators include moving averages, MACD, RSI, and Bollinger Bands. However, it is important to note that these indicators should be used in conjunction with other analysis techniques and market research to make informed investment decisions.
Contents
- 1 What is an indicator?
- 2 Buy and sell indicator / opportunities
- 3 Volatr indicator by barretdenning:
- 4 How to set up Volatr indicator by barretdenning to fit this trading strategy.
- 5 Colored EMA by Zenandtheartoftrading
- 6 To use the Colored EMA indicator on TradingView, follow these steps:
- 7 QQE MT4 by gloss modified by uncle lil
- 8 How to use and setup QQE MT4
- 9 Buy entry rule and exit rule.
- 10 Sell entry rule and exit rule.
- 11 Conclusion
What is an indicator?
In the context of financial markets, an indicator is a statistical calculation or graphical representation that is used to analyze market trends and provide insights into potential buying or selling opportunities. Indicators are typically based on mathematical formulas and are applied to historical price and volume data to identify patterns and trends.
There are various types of indicators, including trend indicators, momentum indicators, volatility indicators, and volume indicators. Each type of indicator provides different insights into market behavior and can be used in different ways to inform investment decisions.
Some popular indicators include moving averages, relative strength index (RSI), stochastic oscillator, moving average convergence divergence (MACD), and Bollinger Bands. These indicators are widely used by traders and investors to analyze market trends and identify potential entry and exit points for trades.
Buy and sell indicator / opportunities
For the purpose of this tutorial we will be using 3 indicators which are Volatr, coloured EMA and QQE MT4:
Volatr indicator by barretdenning:
The Volatr indicator was developed by Barretdenning and is used to measure the volatility of an asset and to check possible buy and sell indicators. It is a relatively simple indicator that is calculated by taking the difference between the high and low prices of an asset over a specific time period, and then dividing that value by the asset’s closing price.
The Volatr indicator is typically plotted as a line graph, with higher values indicating greater volatility and lower values indicating lower volatility. Traders and investors can use the Volatr indicator to identify periods of high or low volatility, which can be useful in determining entry and exit points for trades.
One potential drawback of the Volatr indicator is that it is based solely on price data, and does not take into account other factors that can influence market volatility, such as news events, economic data, or changes in market sentiment. As with any indicator, it should be used in conjunction with other analysis techniques and market research to make informed investment decisions.
How to set up Volatr indicator by barretdenning to fit this trading strategy.
Setting up an indicator in TradingView is a straightforward process. Here are the steps to follow:
Log in to your TradingView account and select the chart you want to apply the indicator to.
Click on the “Indicators” button in the toolbar at the top of the chart.
A new window will appear, showing a list of available indicators. You can search for Volatr indicator by barretdenning in the search bar.
Once you have found the indicator, click on it to select it.
The indicator settings will now appear. Here, change the settings of the indicator to the following:
Periods to 17
Multiplier to 1
smooth value to 20
source from close to hlc3.
SMA volume length to 21
When you have finished customizing the indicator settings, click on the “Apply” button to add the indicator to your chart.
The indicator will now be displayed on your chart, and you can adjust it or remove it at any time by clicking on the “Indicators” button again and selecting the indicator you want to modify or remove.
Colored EMA by Zenandtheartoftrading
The Colored EMA indicator is a custom indicator created by Zenandtheartoftrading for use on TradingView. It is a variation of the Exponential Moving Average (EMA) that is designed to provide visual cues for trend direction and momentum.
The Colored EMA indicator is displayed as a colored line on the price chart, with different colors indicating different market conditions. For example, when the EMA is rising and the market is in an uptrend, the line is typically green. Conversely, when the EMA is falling and the market is in a downtrend, the line is typically red.
To use the Colored EMA indicator on TradingView, follow these steps:
Log in to your TradingView account and select the chart you want to apply the indicator to.
Click on the “Indicators” button in the toolbar at the top of the chart.
Search for “Colored EMA” in the search bar and select it.
The indicator settings will now appear. Colored EMA is ready to use
click on the “Apply” button to add the indicator to your chart.
The Colored EMA indicator will now be displayed on your chart.
QQE MT4 by gloss modified by uncle lil
QQE (Quantitative Qualitative Estimation) is a technical indicator used in trading to identify trends and potential reversal points in the market. It was created by a trader named Roman Ignatov and is based on a combination of smoothed moving averages and the Relative Strength Index (RSI).
The QQE MT4 by Gloss modification is a customized version of the QQE indicator for use in the MetaTrader 4 trading platform. It is designed to provide more accurate signals and reduce false positives.
Some of the key features of the QQE MT4 by Gloss modification include:
Customizable parameters: The indicator allows traders to adjust the parameters to fit their trading style and preferences.
Enhanced accuracy: The modification includes additional smoothing filters that help to eliminate noise and false signals.
User-friendly interface: The indicator is easy to use and understand, making it accessible to traders of all levels of experience.
Multi-timeframe capability: The QQE MT4 can be used on multiple timeframes, allowing traders to analyze the market from different perspectives.
How to use and setup QQE MT4
To use the QQE indicator in TradingView, follow these steps:
Open TradingView and go to the chart you want to analyze.
Click on the “Indicators” button in the top toolbar.
In the search box, type “QQE MT4 by gloss modified by uncle lil”
Choose the QQE indicator by QQE MT4 by gloss modified by uncle lil and click on it.
Adjust the following settings to fit this trading style.
RSI length to 5
RSI smoothing to 2
Unmark or uncheck the following:
qqe over channel and qqe under channel.
qqe xq crossover and qqe xq cross under.
qq exe zero crossover and qq exe zero cross under.
blue colour plot and orange colour plot
Once you have changed the indicator settings, click “Apply” to add it to your chart
Buy entry rule and exit rule.
Enter buy if the following conditions are meant
1. Buy label appears on the Vol Atr.
2. Price is above candlestick green coloured EMA.
3. QQE MT4 is green.
Note: Set your Stoploss in at recent swing low and take profit 2 times greater than the Stoploss value.
Sell entry rule and exit rule.
Enter sell if the following conditions are meant
1. Sell label appears on the Vol Atr.
2. Price is below candlestick red coloured EMA.
3. QQE MT4 is red.
Note: Set your Stoploss in at recent swing high and take profit 2 times greater than the Stoploss value.
Conclusion
This trading strategy uses buy and sell indicator and it has 90% win rate which means our trading account is growing by 90%. The maximum consecutive win is seven and maximum consecutive loss is two. This means your trading account is safe.
It is important to remember that any investment decision carries risks, and traders should always do their own research and seek advice from professionals before making any investment decisions.
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