lejmer

BERLIN Renegade - Entry and Exit

This is the entry and exit part of a larger algorithm called the "BERLIN Renegade". It is based on the NNFX way of trading, with some modifications.

For entry, it consists of Modified Chaikin Oscillator and Advanced MACD . The Advanced MACD is not available on its own, but all others are publically
available.

For exit it consists of the DIDI Index and the QQE line (original idea by Jie). Special thanks to Michael Kuczynski for the idea to include the FTLM digital filter.

Long signal: Green bars (upper and lower are both green)
Short signal: Red bars (upper and lower are both red)
Exit signal: Purple bars (bottom) - DIDI Index with QQE line
Script open-source

Dans le plus pur esprit de TradingView, l'auteur de ce texte l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur ! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par les règles internes. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?

Commentaires

how do i make the exit indicator faster?
+1 Répondre
lejmer itzalphz
@itzalphz, Try lowering the Curta (Short) Length, the Media (Medium) Length, and/or the Longa (Long) Length. You could also change the Didi Index MA to a faster MA, like EMA, or lower the QQE Factor.
Répondre
I understood that 2 green bar are an entry point (buy) . But what happens if there are 2 green bar (entry point) and a purple bar ? Thank you again for sharing this work .
Répondre
Great entry indicator - seems to have a good balance of being quick whilst filtering out possible ranges. Thanks very much.
Répondre
hi @lejmer , thanks for the Berlin series script. What do you think is the best way to combine this one with the Action Locator V2 ? For example: would you look into two green bars on this one and then look into the Action locator, or vice versa? Sometimes it happened that we have two green bars but nothing or only one buy indicator in the Action Locator,or the reverse.

Best regards,
Répondre
lejmer MasBart
@MasBart, I think the best way to utilize this indicator with Action Locator V2 is to wait for a blue bar on the Action Locator V2 (doesn't matter if it is lighter blue or darker blue), and then wait for two green bars in this indicator. You get your entries from this indicator that way. I would recommend combining this with other indicators and good money management though as this indicator is quite fast by default. It was originally created to scalp the DAX on volatile days, using the NNFX mindset on lower time frames, but a few of the traders on the NNXFX TradingView telegram channel found it profitable on the daily time frame, which is why I decided to publish it here, so that others could try it out too, and see if it was profitable or not.
Répondre
MasBart lejmer
@lejmer, Thanks for the recommendation. Best regards.
Répondre
Thanks Lejmer for a wonderful indicator. Can you please let me know if this can be useful on 15 min time frame? If yes then what changes should be made in the settings for better entry and exit?
Do we have to tick advanced MACD too? it makes certain bars black..what does that mean? Is it just a pause or something else? Sometimes purple bars are consecutive..what does that mean?

Please guide me to use it very effective way for intraday 15 min time frame or lower.
Répondre
is this indicator a all in one indicator or do we have to add the mentions indicators with this?
Répondre
lejmer Kas14
@Kas14, This is meant to give you possible entries and exits. To trade in the style of NNFX you still need a volatility or volume indicator and a baseline. I have examples of that in the BERLIN Renegade algo. However, do remember that this algo was designed for scalping shorter timeframes, and not for trading the daily (although people have used it on the daily with some success). This is why it is called "Renegade".
Répondre
Accueil Screener d'actions Screener Forex Screener Crypto Calendrier économique A propos Caractéristiques du graphique Prix Parrainer un ami Règles de conduite Centre d'aide Solutions site web & courtier Widgets Solutions de cartographie Bibliothèque de graphiques allégés Blog & News Twitter
Profil Paramètres du Profil Compte et Facturation Amis référés Coins Mes tickets au support Centre d'aide Messages privés Chat Se Déconnecter