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Adaptive Autonomous Recursive Trailing StopIntroduction Trailing stop are important indicators in technical analysis, today i propose a new trailing stop A2RTS based on my last published indicator A2RMA (1), this last indicator directly used an error measurement thus providing a way to create enveloppes, which provide a direct way to create trailing stops based on highest/lowest rules. The Indicator If you need a more detailed explanation of this indicator i encourage you to check the A2RMA indicator post i made, parameters does not differ from the supertrend, thus having a length parameter and a factor parameter who is here described as gamma , gamma control how far away are the bands from each others thus spotting longer terms trends when gamma is higher. On BTCUSD Something worth mentioning is that the indicator sometimes behave like my MTA trailing stop indicator (2) who is closer to the price when a trend persist thus providing early exit points, however A2RTS behave a bit better. Price can sometimes break the trailing stop, this can be interpreted as a support/resistance or just as an exit point, the support resistance methodology on trailing stop is not the most recommended. Sometimes it is recommended to have an higher length rather than an high gamma like in this case for INTEL CORP, below gamma = 3 and length = 20 The microprocessor market like to use higher length's instead of higher gamma's , A2RMA is a non-linear filter, this would explain such behaviour. Conclusion Trailing stops might not suffer as much from whipsaw trades than MA crossovers but they still remain inefficient when market is not trending, results of the proposed indicator on major forex pairs are more than disappointing, but i hope this will serve as basis for other trailing stops that might act a little bit better. I conclude this post by thanking everyone who support my work and i encourage you to modify this indicator and share it with the community. Thanks for reading ! Cited Articles
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High Performance Candlestick Patterns Colors//Candle Patterns Ranked by Performance THOMAS N. BULKOWSKI //1. Bearish Three Line Strike +Up 67.38% //2. Bullish Three Line Strike -Down 65.23% //3. Bearish Three Black Crows -Down 59.83% //4. Bearish Evening Star -Down 55.85% //5. Bullish Upside Tasuki Gap +Up 54.44% //6. Bullish Inverted Hammer -Down 51.73% //7. Bullish Matching Low -Down 50.00% //8. Bullish Abandone Baby +Up 49.73% //9. Bearish Two Black Gapping -Down 49.64% //10. Brearish Breakaway -Down 49.24% //11. Bullish Morning Star +Up 49.05% //12. Bullish Piercing Line +Up 48.37% //13. Bullish Stick Sandwich +Up 48.20% //14. Bearish Thrusting Line During Dowtrend +Up 48.10% //15. Bearish Meeting Line +Up 48.07% //Down=Yellow Bar Color and Black Text //Up=Blue Bar Color and Blue Text //High Performance Candlestick Patterns Colors Top 15
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Volume Strength Candles / Colored BarsIs Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback (Strong or Weak Bulls // Strong or Weak Bears) Candles / Bars Indicate the Following (default 13 period lookback / Length) MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume RED Bear Candle while VOLUME is BETWEEN 50% & 150% of the Lookback / Length (13 default), Neutral Bear Volume Neither strong or weak ORANGE Bear Candle with WEAK VOLUME (Less than 50% of the Length / Lookback) DARK GREEN Bull Candle with STRONG VOLUME MORE than 150% of lookback GREEN Bull Candle with Neutral VOLUME BETWEEN 50% & 150% of the lookback / Length AQUA Bull Candle with WEAK VOLUME less than 50% of the Lookback Is price confirmed by volume? Can Change the Lookback / Length from 13 Can Change the Colors and Transparency to easily see based off your chart background colors I recommend ZERO Transparency to easily identify volume strength (i use white background but many use black or other)
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