The script is resampling the price based on its range/price-action and creates an alternative filter to smoothen price movements.
Overview of features:
Optional stop-loss
Optional flags to control the position entry
Optional flags to control the position exit
Built-in backtesting engine with start balance, position size and pyramiding
Inputs for a percentage entry and exit slippage, entry/exit and daily funding fees
Configurable alerts, which follow the exact position of the entry/exit marker
Alert messages contain predefined trading instruction to execute orders via Alertatron or TradeFab's proprietary trading server
The script renders a status box at the last bar, which shows the current position status and result of the built-in trading simulation results. It shows the following statistic values:
Current position PnL - also background turns green if position is in profit and red if in loss
Average entry price and number of positions
Current percentage distance to the optional stop-loss level
Current Maximum Draw Down
Overall number of wins and losses and the win/loss ratio
Overall profit and loss amount, paid fees
Overall profit-ratio and Maximum Draw Down
Overall balance and ROI
Notes de version
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V1.26 Changes
updated alert options
ROI calculated per year
replaced stats label with table; backtest start 2019=>2018
Hey! Frank. Is there any possibility of access to this indicator’s code, buddy?
Medi_Trading
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Hi! Great indicator... Is this the same as a 20/50 EMA cross or 20/100 EMA cross?
TradeFab
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@Trading_Simply, it's not using EMA crossing, but behavior is similar. It's rather downsampling the price data and uses the up/down-trend as a trigger for enter and exits. Thx Frank
Medi_Trading
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@TradeFab, Many thanks for your prompt reply Buddy! I appreciate it and find this truly fascinating.