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Marketgodx

MarketGodx for Tradingview - Strategy TestMarketGodx for Tradingview Version = MarketGodx² Indicator Description MarketGodx weighs the probability of a given scenario and the outcome associated to prior events before sequentially weighing the impact of a probable move by the significance of the timeframe and its corresponding close sequence relative to other TFs, The indicator combines several components of classical technical analysis and then provides a Buy or Sell alert to traders, which is then acted upon by the user. There are modifications made to alerts to manipulate them in the alternating appearance as the visual above shows. MarketGod can be applied to any market, with any time-frame associated to it. The signals relay the alert at the close of the period, and the painted alert is then available to users to see on the chart or even set notifications for via tradingview's alert system. We recommend that users implement marketgod on their preferred time frames for trading, which for us is the 1h, 4h, 6h, 1D and above TFs. Indicator Components Gann Trend Analysis Stochastic K Stochastic D KDJ Calculation MACD SlowRSI Bollinger Band Keltner Channels Ichimoku Cloud HHLL Trend Detector MarketGod EMA , WMA , SMA , HullMA Accumulation + Distribution Suggested Uses MarketGod will inevitably produce false positives. We've taken steps to reduce this but we highly suggest you add this as a component of your strategy, not an end all be all That said, please do not feel the need to fire a trade based solely on a marketgod signal, or to every signal it fires. MarketGod users should backtest their strategy using OHLC candles for best results Heikin Ashi candles were recomended in the past, and we have eliminated the need for them, meaning that traditional candlestick inputs will yield the highest results. MarketGod will always give stronger alerts on higher TF's. If the 1-Day has fired a given signal and the 30 min or similar fire the opposite signal, know that the overall trend is still likely downward. Same concept applies to all timeframes on this tool. Adjusting the Filter Settings This tool has a noise filter for users to adjust. The filter is a percentage based calculation, between significant points in time. The filter ranges between .5 and 25, with .5 increments For lower TFs (IE Intraday), keep the filter set between .5-5 Mid-TFs (4H,6H,12H,1D), the recommended range is between 5.5-10 Higher TFs (3D and Higher), look for approx 11-20 range Customizations Customize the indicator by adjusting the colors in the style pane. Additionally, users can change the plots into labels with the price of close added to them, or a few other label text options, listed in the 'inputs' panel, below the filter adjustments. Users can also opt to turn the strategy orders as well, as this version will have them printed. Strategy Performance Interpretation Its important to understand the only metric that should be relevant is not the win %, as many may initially think. Alternatively, the only metric that matters in the end is your take home profit... meaning the profit one fees and taxes are accounted for. In our example here, the % brought back since the beginning of our window of 2018 is around 47% for $10,000 initial capital and 10% traded per position. Many are ignorant to the take home profit aspect as they focus solely on the winning %, which is ultimately incorrect approach to trading as a whole. as long as we maintain +30% (our goal minimum), the outcome being in the green, is our goal. Access MarketGod for Tradingview Learn more about how to access this tool by following the links in our signature below.
Pine Script® strategy
by TVMarketGod
3
MarketGodx MarketGodx for Tradingview Description Buy & Sell Alerts can be set on all Tickers. This includes, but is not limited to Crypto, Commodities , FOREX, Equities and Indices Recommended Time-frames - 1h,4h,6h, 1D , 3D and 1W time-frames will yield the highest returns Buy & Sells can be customized in color of appearance, changed to show the price, or removed entirely This approach is a longer-term trade than previous versions. Note the noise reduced from both v6 and v7 Note this was built on BTC USD - But works on all other tickers as well Side Notes We will update any bugs as we see them, and we plan to add SL, TP and a few other components to make it more intuitive, once we have the strategy posted as well Please see our website for more details. It is linked in the signature below In the event the tool warns of Repainting, we can assure it is not. The monthly time-frame is referenced in the source code and this provides a mix in data between real time and historic data This is not financial advice. Please read our disclaimer before using. MarketGod Trading - Release of Liability
Pine Script® indicator
by TVMarketGod
56