[frac] Flowrate Strategy
This script employs an algorithm to assess the net volume traded. Entry and exit signals are a function of the MA crossovers. The default settings produce extremely strong results on 4hr charts. Alternative settings set to EMA and a 233 Channel Length also produce very encouraging results on higher resolution timeframes, specifically the 15m-1hr.
Versionsinformation:
Summary of changes made:
- Coded in up to (5) different strategies to trigger entry/exit signals
- Included code so that multiple different strategies can be used for triggering entries and exits
- Note: depending on the exact time and nature of the signals generated by one strategy versus another, it is recommended to make sure that the primary Flowrate strategy selected is NOT checked in addition.
The inclusion of up to 5 different strategies to control entries/exits allows one to very quickly apply this indicator/strategy to a host of different trading setups - whether that be cryptocurrencies, forex, or traditional stock markets.
Differences in Entries/Exits between the different strategies are as follows:
Strategy 1) Flowrate Channel crosses 0 (indication of official change in sentiment. >0 correlates to net volume inflow into the market, while <0 signifies a net volume outflow)
Strategy 2) Crossover of the channel and MA1
Strategy 3) Crossover of the channel and MA2
Strategy 4) Crossover of the channel and MA3
Strategy 5) Multiple crossovers between the channel and MA's themselves
- Coded in up to (5) different strategies to trigger entry/exit signals
- Included code so that multiple different strategies can be used for triggering entries and exits
- Note: depending on the exact time and nature of the signals generated by one strategy versus another, it is recommended to make sure that the primary Flowrate strategy selected is NOT checked in addition.
The inclusion of up to 5 different strategies to control entries/exits allows one to very quickly apply this indicator/strategy to a host of different trading setups - whether that be cryptocurrencies, forex, or traditional stock markets.
Differences in Entries/Exits between the different strategies are as follows:
Strategy 1) Flowrate Channel crosses 0 (indication of official change in sentiment. >0 correlates to net volume inflow into the market, while <0 signifies a net volume outflow)
Strategy 2) Crossover of the channel and MA1
Strategy 3) Crossover of the channel and MA2
Strategy 4) Crossover of the channel and MA3
Strategy 5) Multiple crossovers between the channel and MA's themselves
Versionsinformation:
Updated script to include Heikin Ashi smoothing, as well as some cleaning up on entry/exit signals. With HA candles, backtest results are staggeringly impressive.
Versionsinformation:
Updated entry/exit signal logic.
Updated moving average options.
Results: 5.6+ Profit Factor on ES 4HR, 70%+ profitable win rate, 2018 onward backtest.
Updated moving average options.
Results: 5.6+ Profit Factor on ES 4HR, 70%+ profitable win rate, 2018 onward backtest.