Adedeji_Edge_v1.0
This tool was developed to capture good entries for long and short positions. It utilizes moving averages to find best times to executive trades (long or short) and it overlays same on the chart thus minimizing chart noise i.e. no need for indicators. New traders can use this without any hassle or confusion.
In addition to the long (buy or strong buy) and short (sell or strong sell) overlays, the tool also indicates, with the background colour, areas and periods of potential upside or downside movements.
1. Blue background shows areas most conducive for potentially sustained upside price action;
2. Red background shows areas most conducive for potentially sustained downside price action.
Back-testing:
Results show that the indicator is more profitable than “Buy and Hold” (aka hodl). The back-test period was from the beginning of BTC bear market (17th December 2017) to date (10th Nov. 2019). 10% equity on $1,000 was applied to all back-test trades. Using 100% equity gives even better results.
Control conditions:
- Start date: 17th Dec 2016 (BTC ATH)
- Buy and Hold ROE: about 51% loss
Strategy script condition 1:
- Start date: Same as control date
- TF 4H
- Initial Capital $1,000
- Order size: 10% of equity
- ROE: approx. 131%
Strategy script condition 2:
- Start date: Same as control date
- TF 4H
- Initial Capital $1,000
- Order size 100% of equity
- ROE: approx. 67,000%
How to use:
Simply add the indicator to your chart, WAIT FOR CANDLE with the signal (buy or sell) to CLOSE before you go long or short.
Please note that this version 1.0 is suitable for ONLY 4H and 6H timeframes. Subsequent version(s) will include more TFs.
This tool can be used in isolation, however using it in conjunction with
1. A Moving Average (preferably the 32 EMA) gives users more information about ongoing price-action.
2. Applying trendlines (horizontal and/or dynamic support and resistance) give users better overview of the space and where sudden price bursts or reversals may occur.
Possible scenarios:
a. Buy signals (buy or strong buy) above the EMA is very bullish;
b. Sell signals (sell or strong sell) below the EMA is extremely bearish.
Variant conditions that do not confirm to the above two conditions may occur.
This tool was developed SPECIFICALLY for XBTUSD pair on Bitmex. It may be used for other trading pairs and exchanges although primary back-testing was not extended to other pairs or exchanges.
Development/improvement is a continuous thing!
Disclaimer:
Past performance does not guarantee future results. This tool/indicator is for educational purposes. As always you should fully understand there are high risks involved when trading cryptocurrencies and other digital instruments.
In addition to the long (buy or strong buy) and short (sell or strong sell) overlays, the tool also indicates, with the background colour, areas and periods of potential upside or downside movements.
1. Blue background shows areas most conducive for potentially sustained upside price action;
2. Red background shows areas most conducive for potentially sustained downside price action.
Back-testing:
Results show that the indicator is more profitable than “Buy and Hold” (aka hodl). The back-test period was from the beginning of BTC bear market (17th December 2017) to date (10th Nov. 2019). 10% equity on $1,000 was applied to all back-test trades. Using 100% equity gives even better results.
Control conditions:
- Start date: 17th Dec 2016 (BTC ATH)
- Buy and Hold ROE: about 51% loss
Strategy script condition 1:
- Start date: Same as control date
- TF 4H
- Initial Capital $1,000
- Order size: 10% of equity
- ROE: approx. 131%
Strategy script condition 2:
- Start date: Same as control date
- TF 4H
- Initial Capital $1,000
- Order size 100% of equity
- ROE: approx. 67,000%
How to use:
Simply add the indicator to your chart, WAIT FOR CANDLE with the signal (buy or sell) to CLOSE before you go long or short.
Please note that this version 1.0 is suitable for ONLY 4H and 6H timeframes. Subsequent version(s) will include more TFs.
This tool can be used in isolation, however using it in conjunction with
1. A Moving Average (preferably the 32 EMA) gives users more information about ongoing price-action.
2. Applying trendlines (horizontal and/or dynamic support and resistance) give users better overview of the space and where sudden price bursts or reversals may occur.
Possible scenarios:
a. Buy signals (buy or strong buy) above the EMA is very bullish;
b. Sell signals (sell or strong sell) below the EMA is extremely bearish.
Variant conditions that do not confirm to the above two conditions may occur.
This tool was developed SPECIFICALLY for XBTUSD pair on Bitmex. It may be used for other trading pairs and exchanges although primary back-testing was not extended to other pairs or exchanges.
Development/improvement is a continuous thing!
Disclaimer:
Past performance does not guarantee future results. This tool/indicator is for educational purposes. As always you should fully understand there are high risks involved when trading cryptocurrencies and other digital instruments.
Release Notes:
This tool is an improvement on Adedeji_Edge_v1.0. Previous version only worked for 4H and 6H. Version 1.1 works efficiently on all major timeframes (15m, 30m, 45m, 1H, 2H, 3H, 4H, 6H, 12H, 18H, 1D, 2D, 3D and 1W).
Release Notes:
Update:
1. Last Daily, Weekly and Monthly open levels have been added;
2. Bullish Candle color indicated by white color;
3. Adjusted visibility for shapes and colors for signals (for dark or light scheme);
4. Improved efficiency on several TFs
1. Last Daily, Weekly and Monthly open levels have been added;
2. Bullish Candle color indicated by white color;
3. Adjusted visibility for shapes and colors for signals (for dark or light scheme);
4. Improved efficiency on several TFs
Release Notes:
Update:
Current Month, Week and Day Highs and Lows added
Current Month, Week and Day Highs and Lows added
Release Notes:
EMA 32 added
Release Notes:
MA Multi Time Frame Analaysis added:
Four Exp Moving averages have been added to the chart:
1. EMA21 on current TF (white)
2. EMA21 on 4H TF (red)
3. EMA21 on 1D TF (yellow)
4. EMA21 on 1W TF (blue)
How to use:
Bullish conditions
On any chosen timeframe the trend is bullish if and when the white ema is topmost and:
a. red is above yellow and yellow is above blue;
b. red crosses above either yellow or blue;
c. yellow crosses above blue
A "buy" or "strong buy" signal in any of the above bullish conditions/scenarios is a great opportunity to open a long position.
Bearish conditions
On any chosen timeframe the trend is bearish if and when the white ema is bottom and :
a. red is below yellow and yellow is below blue;
b. red crosses below either yellow or blue;
c. yellow crosses below blue.
A "sell" or "strong sell" signal in any of the above bearish conditions/scenarios is a great opportunity to open a short position.
Four Exp Moving averages have been added to the chart:
1. EMA21 on current TF (white)
2. EMA21 on 4H TF (red)
3. EMA21 on 1D TF (yellow)
4. EMA21 on 1W TF (blue)
How to use:
Bullish conditions
On any chosen timeframe the trend is bullish if and when the white ema is topmost and:
a. red is above yellow and yellow is above blue;
b. red crosses above either yellow or blue;
c. yellow crosses above blue
A "buy" or "strong buy" signal in any of the above bullish conditions/scenarios is a great opportunity to open a long position.
Bearish conditions
On any chosen timeframe the trend is bearish if and when the white ema is bottom and :
a. red is below yellow and yellow is below blue;
b. red crosses below either yellow or blue;
c. yellow crosses below blue.
A "sell" or "strong sell" signal in any of the above bearish conditions/scenarios is a great opportunity to open a short position.
Release Notes:
"Buy" and "Sell" signals have been given levels; levesl 1 to 8.
1. Level 8 is the highest/strongest;
2. Level 1 is the lowest and weakest.
1. Level 8 is the highest/strongest;
2. Level 1 is the lowest and weakest.
Release Notes:
Added additional descriptions/labels (Potential Dumps and Pumps) for some isolated conditions of high interest.
Release Notes:
1. Improved pump/dump criteria.
2. Labels adjusted.
2. Labels adjusted.
Release Notes:
Criteria improvements
Release Notes:
Reduced levels:
There are now only 4 levels describing the "buys" and "sells".
There are now only 4 levels describing the "buys" and "sells".
Release Notes:
Update:
1. Monthly analysis has been added
2. Yearly levels (open, high, low) added
1. Monthly analysis has been added
2. Yearly levels (open, high, low) added