DH: Bully Bar Grid Uptrend Predictor

27 août 2019

BULLY BAR GRID UPTREND PREDICTOR
Enhanced with Tradingview Alerts.

WHAT IS A BULLY BAR?
In trading, especially in Grid Trading, sometimes you need that extra "nudge" to jump in, start a trade, start a Grid or stay in a trade that you're already in, right? That's where the BULLY BAR GRID UPTREND PREDICTOR comes in... it helps to reinforce a decision to jump into a LONG trade. Once you see a YELLOW candle (especially a yellow candle with a green border), this indicator is signaling a high probability (or possibility) that an uptrend is forthcoming. Sometimes this uptick can be a lot, other times less, but if you are grid trading and have set reasonable parameters for your grid range, you are likely going to trend up and out the top of your grid for a profit.

GUARANTEED UPTREND?
Let's be real... we're talking crypto right? Nothing is guaranteed, but at least the odds are on your side with the BULLY BAR indicator!

ALERT READY
You can set a Tradingview alert to signal you each time a yellow BULLY BAR appears on the asset of your choice. Any time frame is ok, but we recommend 1 HOUR CANDLES (or greater) for best results. Just select the BULLY BAR in the alert set-up window and set parameters to GREATER THAN / VALUE = 0 --- that's it. Every time a yellow candle Bully Bar appears, you'll be notified and can evaluate the trading opportunity at-hand.

HOW TO READ BULLY BAR SIGNALS

• 1) Set your candle style to HEIKIN-ASHI (highly recommended for better results)
• 2) Use a chart time frame of ONE HOUR or greater. (If you are tempted to use a shorter time frame, review the signal history in the shorter timeframe FIRST to confirm accuracy.)
• 3) Wait for a YELLOW candle or set an ALERT (there will also be a correlating yellow diamond at bottom of chart.) This is your signal that an uptrend may be possible.
  
• 4) If the yellow candle has a GREEN border (or whatever color you normally use for an up candle) then there is a good probability price action will move up.
  
• 5) If the yellow candle has a RED border (or whatever color you normally use for a down candle) then there is a better than average possibility price action will move up.
  
• 6) If there are OTHER MARKET CONDITIONS that dominate current prices (like a continuing long downtrend, an oversold market, or perhaps you are already close to strong upper resistance levels) then you should ignore any "questionable" Bully Bar signals that might trigger under conditions such as this. If you are using 1 HOUR+ candles you have plenty of time to evaluate the signal opportunity.
  

TO THE MOON?
The Bully Bar does not indicate exactly when or how far up a trend or price uptick might occur, but if you are grid trading and have your grid range set to a reasonably range (based on upper resistance levels, fibonacci levels or average recent range fluctuations) then the odds of a successful exit out the top of your grid is a reasonable expectation. In fact, be prepared, because you may need to close out your grid at a profit and move it up to a higher range!

WANT TO LEARN MORE ABOUT GRID TRADING?

COMBINE WITH OTHER GRID INDICATORS
It is recommended you use this indicator in combination with other indicators, your knowledge of trading and market conditions. This will help you refine your grid start parameters and opportunities. This BULLY BAR indicator works hand-in-glove with the GRID RANGE FINDER INDICATOR, the GRID BOX MAPPER and the GRID START INDICATOR.

Join our Crypto Grid Masters Community (Discord) for additional help and ideas with my indicators and your grids!

Automate your Grid Strategy using the Grid Bot here:
http://cryptogridbot.com

THIS IS A PAID INDICATOR
(currently at 50% off annual subscription)
PURCHASE or SUBSCRIBE HERE:
https://ez.ht/tradingview-indicators

AFTER YOU'VE PURCHASED - ping me here at Tradingview with receipt number (@DanHollings) or my Discord

Any indicator you purchase will be added to the "Invite-Only" section of your indicators area at Tradingview as quickly as I can get to it.

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As always, I appreciate your support. Please share with others.

ENJOY!
Dan Hollings
Master Crypto Grid Trader
Host of the "High Leverage Lounge"
Please Explore My Other Indicators, Scripts, Grids and Educational Ideas.
@DanHollings on Tradingview
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http://cryptogridbot.com
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http://cryptogridtrader.com