Traders Mastermind - Amber v 1.0
Amber is an intraday mean reversion tool that aims to identify exhaustion bars at the boundaries of a range, signalling a potential return to the range.
Variables:
👉🏻 Amber evaluates the range of the present bar in comparison to the average true range (user-defined)
👉🏻 It searches for overbought or oversold conditions using the stochastics (user-defined)
👉🏻 Examines historical data to determine if the bar is at the highest/lowest point for a specified number of bars (user-defined)
👉🏻 Filters trades to take place only during specific timeframes (user-defined)
👉🏻 Establishes take-profit and stop-loss parameters as multiples of the ATR (user-defined)
To be used as reference only.
Variables:
👉🏻 Amber evaluates the range of the present bar in comparison to the average true range (user-defined)
👉🏻 It searches for overbought or oversold conditions using the stochastics (user-defined)
👉🏻 Examines historical data to determine if the bar is at the highest/lowest point for a specified number of bars (user-defined)
👉🏻 Filters trades to take place only during specific timeframes (user-defined)
👉🏻 Establishes take-profit and stop-loss parameters as multiples of the ATR (user-defined)
To be used as reference only.