yongyuth.rootwararit

yuthavithi volatility based force trade scalper strategy

I have converted my volatility based force scalper into strategy. Nice to see it is so profitable. Work best with Heikin Ashi bar.
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//@version=2
strategy("yuthavithi volatility based force trade scalper strategy", overlay=true)

fast = input(3, minval= 1, title="Fast")
slow = input(20, minval = 1, title = "Slow")
atrFast = input(20, minval = 1, title = "ATR Fast")
atrSlow = input(50, minval = 1, title = "ATR Slow")

len = input(20, minval=1, title="Length")
multiplier = input(2, minval=1, title="multiplier")
src = input(close, title="Source")
bbMid = sma(src, len)
plot(bbMid, color=blue)

atrFastVal = atr(atrFast)
atrSlowVal = atr(atrSlow)
stdOut = stdev(close, len)
bbUpper = bbMid + stdOut * multiplier
bbLower = bbMid - stdOut * multiplier
plot(bbUpper, color = (atrFastVal > atrSlowVal ? red : silver))
plot(bbLower, color = (atrFastVal > atrSlowVal ? red : silver))


force = volume * (close -  nz(close[1]))
xforce = cum(force)
xforceFast = ema(xforce, fast)
xforceSlow = ema(xforce, slow)

bearish = ((xforceFast < xforceSlow) and (atrFastVal > atrSlowVal)) and ((xforceFast[1] > xforceSlow[1]) or (atrFastVal[1] < atrSlowVal[1])) and (close < open)
bullish = ((xforceFast > xforceSlow) and (atrFastVal > atrSlowVal)) and ((xforceFast[1] < xforceSlow[1]) or (atrFastVal[1] < atrSlowVal[1])) and (close > open)


if (bullish)
    strategy.entry("Buy", strategy.long)

if (bearish)
    strategy.entry("Sell", strategy.short)

Comments

backtest does not work on haiken hashi always repaint
Reply
Looks like a very nice indicator for scalping or hourly, especially when used with Squeeze momentum and Trend bars, thanks
Reply
This strategy does not work. The code often indicates a buy and sell on heiken ashi chart that is not realistic as price has already move on. I'd estimate that 30% of trade initiations are not realistic. The actual PF is far lower and is negative for me based on real world trading.
Reply
Hi there, seems very interesting indicator, but on my screen the actual BUY and SELL arrows do not display on the chart ?
Reply
Same problem here, i can't see buy and sell arrows
Reply
This indicator does not work without volume.
+1 Reply
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