Trendfollower with momentum pullback engine for GOLD v3.8
Overview & Core Logic
This is a trend-following indicator based on the core logic that moving averages act as dynamic support and resistance within an established trend.
Key Features:
Slope Filter (Sideways Range Detector): Built-in slope filter specifically designed to eliminate ranging market conditions—the main enemy of trend-following systems. When the market moves sideways, the trendline turns gray.
RSI Exit Strategy: Uses RSI levels to trigger optimal position exits.
Important Notes & Risk Management:
No Built-in Stop Loss: Stop-loss placement is left to the individual trader's discretion based on personal risk tolerance.
Timeframe Limitations: Do not use on timeframes lower than 5 minutes. Lower timeframes introduce too much noise, and we have not found settings that yield profitable results below 5M.
Golden Rule: Never trade against the trendline.
This is a trend-following indicator based on the core logic that moving averages act as dynamic support and resistance within an established trend.
Key Features:
Slope Filter (Sideways Range Detector): Built-in slope filter specifically designed to eliminate ranging market conditions—the main enemy of trend-following systems. When the market moves sideways, the trendline turns gray.
RSI Exit Strategy: Uses RSI levels to trigger optimal position exits.
Important Notes & Risk Management:
No Built-in Stop Loss: Stop-loss placement is left to the individual trader's discretion based on personal risk tolerance.
Timeframe Limitations: Do not use on timeframes lower than 5 minutes. Lower timeframes introduce too much noise, and we have not found settings that yield profitable results below 5M.
Golden Rule: Never trade against the trendline.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.