RVG Sniper v1.1
Indicator based on: Facon Talon Sniper v1 and Market Cipher B Free version from falconCoin, however this one uses both MA and relative volume for confirmation of buy and sell entries.
Versionsinformation:
A new update of has been made so one can adjust and save indicator's parameters for 2H, 4H TFs.
Bear in mind that for each TFs you should calibrate it by performing a back-testing. To do so, please adjust the RVOL to trigger Signal and Trend Change. The first assess whenever there is a break out in terms of volume and the second one confirms the buy and sell signals by an EMA, which significantly reduces false signals.
Graphically shaded regions indicate whenever the chart is "moving". Otherwise, it indicates sideways..
Can't wait to receive your feedback guys, so I can keep improving it.
Thanks,
Bear in mind that for each TFs you should calibrate it by performing a back-testing. To do so, please adjust the RVOL to trigger Signal and Trend Change. The first assess whenever there is a break out in terms of volume and the second one confirms the buy and sell signals by an EMA, which significantly reduces false signals.
Graphically shaded regions indicate whenever the chart is "moving". Otherwise, it indicates sideways..
Can't wait to receive your feedback guys, so I can keep improving it.
Thanks,