Short Term Trade Filters

This Panel consists of supporting filters to be used together with the "Short Term Trade Setups" panel.

These filters are described in the the book (Swedish):

"Boken om Gerillatrading" by Johan Hellström, Peter Nilsson, Johnny Torssell

The panel consists of three rows defined as:

Market Trend : 'green' if a positive Market Trend (choose the relevant to you!)
Turn Of the Month (TOM) : 'green' for the days between the 24:th and the 3:d of the month
Volatility : High-Volatility(yellow), Medium-Vol(orange), Low-Vol(red)

The filters, that can be used independently, will improve the result of the trade signal.
According to the book, 'High-Volatility' is the most important followed by 'TOM'
and then a positive 'Market Trend'.

NOTE: The Market Filter is a daily MA-365 of the relevant Stock Index, or a MA-200 of the price, choose accordingly!

Notes de version

Simplified the Market Trend calculation and made it possible to choose Resolution and Time-period used.

Notes de version

I'm struggling with the Multi-Time-Frame mechanisms when showing the Market Trend indication.
Anyway, here is my best shot at it so far.

Script open-source

Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.

kruskakli

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Script open-source

kruskakli