ForexResearchLabs

Multi Strategy

During the course of a trade, we can find ourselves changing strategies depending on the market. Instead of using many different templates, I have a simple indicator that clearly says "Buy", "Sell" or "Stay Out". The great thing about this approach, is we instantly observe the majority are in agreement and that decides which way to place our trade.

This indicator includes the following strategies:

- QQE
- Ichimoku using much faster settings.
- Parabolic SAR
- Supertrend
- TTM Oscillator
- The Squeeze strategy
- The Alligator Strategy

Using this indicator is simple, if the lines are mainly green then buy, if mainly red then sell OR don't trade. So...

Green Line - This strategy is in a buy position
Orange or Black Line - This strategy is undecided
Red Line - This strategy is in a sell position

There are also some green and red circles for reference that appear showing when that bar has broken through the Ichimoku cloud .

The trader's approach is simple, when all indicators are green or red, then take the trade. As soon as one indicator changes, then re-evaluate using your normal process, such as price action, to determine whether to close the trade or continue.

I can customise this further or add other strategies, please message me.
Release Notes: Fixed some typo's.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Kommentarer

Very Interesting. Have you discovered the optimal time frame? It seems that 1m and 5m create too many false signals. Are there certain market conditions or stock types you find this to work well with?
+7 Svara
ChoiceEcon Rudy79433
@Rudy79433, This is a great question. I'd love to see it answered. Have you done any experimentation on it using backtesting?
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Hi, can alerts be set up with this?
+1 Svara
@futureme5, Good evening, there are four alerts already for the lifetime bar/line - open buy, open sell, close buy, close sell. Is there any specific combination you're after?
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great work.. but i have observed that the signal is lagging by one candle which means it wont provide he Realtime signal of the live candle instead it will only give output after that candle is completed which will delay our entry and exit by one candle ....is there any way you can solve it?? it would be very helpful if you do that on this script..
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this is a perfect thing. many thanks. i have one question. is it possible to determine an angle on an indicator. for example the angle on the EMA 12?
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can u add an option for changing the color of the lables? thanks
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Can u use this indicator for stock trading as well ?
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Very nice work and thank you so much for sharing! Will you compare the return /profit (over same time duration) for the different stratgies ? Thanks!
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Looks great. Thank You for your effort. Will definitely try it out. Any particular timeframe ?
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