INVITE-ONLY SCRIPT
[P][STR] - Momentum Mapper [LokiMilo]
This is the Strategy version of (P)(IND) - Momentum Mapper (LokiMilo)
Beyond Take Profit and Stop Loss parameters, you can now customize additional settings to harmonize with your unique trading style and risk tolerance. Whether adjusting entry conditions, fine-tuning exit criteria, or refining position sizing, this strategy empowers you to craft a personalized approach that aligns perfectly with your objectives.
INPUT SETTING
Oversold Level
- Description: This level is used to identify potential buying opportunities when the RSI drops below this threshold, indicating that the asset might be oversold.
- Usage: Commonly set to a value around 30, but you can adjust it based on your trading strategy.
Overbought Level
- Description: This level is used to identify potential selling opportunities when the RSI rises above this threshold, indicating that the asset might be overbought.
- Usage: Commonly set to a value around 70, but you can adjust it based on your trading strategy.
Long Opportunities: The indicator looks for long (buy) opportunities when the RSI is below the oversold level. This suggests an upward trend with a potential buying point due to the asset being oversold. Refer to "HOW IT WORKS" on the additional technical details of this indicator / strategy.
Short Opportunities: The indicator looks for short (sell) opportunities when the RSI is above the overbought level. This suggests a downward trend with a potential selling point due to the asset being overbought. Refer to "HOW IT WORKS" on the additional technical details of this indicator / strategy.
Elevate your trading experience with unparalleled flexibility and precision, ensuring that every decision reflects your strategic vision.
A preview of the performance can be retrieved below. Be sure to navigate through all sections to gain better insights into the performance.
Beyond Take Profit and Stop Loss parameters, you can now customize additional settings to harmonize with your unique trading style and risk tolerance. Whether adjusting entry conditions, fine-tuning exit criteria, or refining position sizing, this strategy empowers you to craft a personalized approach that aligns perfectly with your objectives.
INPUT SETTING
Oversold Level
- Description: This level is used to identify potential buying opportunities when the RSI drops below this threshold, indicating that the asset might be oversold.
- Usage: Commonly set to a value around 30, but you can adjust it based on your trading strategy.
Overbought Level
- Description: This level is used to identify potential selling opportunities when the RSI rises above this threshold, indicating that the asset might be overbought.
- Usage: Commonly set to a value around 70, but you can adjust it based on your trading strategy.
Long Opportunities: The indicator looks for long (buy) opportunities when the RSI is below the oversold level. This suggests an upward trend with a potential buying point due to the asset being oversold. Refer to "HOW IT WORKS" on the additional technical details of this indicator / strategy.
Short Opportunities: The indicator looks for short (sell) opportunities when the RSI is above the overbought level. This suggests a downward trend with a potential selling point due to the asset being overbought. Refer to "HOW IT WORKS" on the additional technical details of this indicator / strategy.
Elevate your trading experience with unparalleled flexibility and precision, ensuring that every decision reflects your strategic vision.
A preview of the performance can be retrieved below. Be sure to navigate through all sections to gain better insights into the performance.
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact LokiMilo for more information, or follow the author's instructions below.
Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
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Disclaimer
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