QaSH Momentum Entries
This script implements a variation of the Rob Hoffman's Inventory Retracement strategy, with entries being triggered by inventory retracement candles. Various confirmation parameters are available, such as
Position management tools include
- EMA slope for momentum confirmation
- multi-timeframe EMA
- multi-timeframe Ehler's mother of all moving averages
- volume confirmation
Position management tools include
- up to 3 orders can be tracked simultaneously and independently as a method of pyramiding into and out of a position
- unique order ID's that pass along into the alert message (for helping the automation service manage positions)
- entry filters based on current position profit
- entry filters based on entry frequency
- trade timers that can end a position after a specified amount of time
- moving the stoploss when in profit
- various parameters can be passed along into the alerts
Versionsinformation:
Added an option for using a following adaptive moving average for confirmation
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expanded slope range to 0.01-90 degrees
minor visual edit
minor visual edit
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Republishing just to update the image and showcase features
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added support for "% risk of equity" order sizing
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added some quantity and leverage placeholders to be used by an automation service
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fixed script entering a short while already long