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Double Vegas SuperTrend Enhanced - Strategy [presentTrading] █ Introduction and How It Is Different The "Double Vegas SuperTrend Enhanced" strategy is a sophisticated trading system that combines two Vegas SuperTrend Enhanced. Very Powerful! Let's celebrate the joy of Children's Day on June 1st! Enjoyyy! BTCUSD LS performance The strategy aims to pinpoint market trends with greater accuracy and generate trades that align with the overall market direction. This approach differentiates itself by integrating volatility adjustments and leveraging the Vegas Channel's width to refine the SuperTrend calculations, resulting in a dynamic and responsive trading system. Additionally, the strategy incorporates customizable take-profit and stop-loss levels, providing traders with a robust framework for risk management. -> check Vegas SuperTrend Enhanced - Strategy █ Strategy, How It Works: Detailed Explanation 🔶 Vegas Channel and SuperTrend Calculations The strategy initiates by calculating the Vegas Channel, which is derived from a simple moving average (SMA) and the standard deviation (STD) of the closing prices over a specified window length. This channel helps in measuring market volatility and forms the basis for adjusting the SuperTrend indicator. Vegas Channel Calculation: - vegasMovingAverage = SMA(close, vegasWindow) - vegasChannelStdDev = STD(close, vegasWindow) - vegasChannelUpper = vegasMovingAverage + vegasChannelStdDev - vegasChannelLower = vegasMovingAverage - vegasChannelStdDev SuperTrend Multiplier Adjustment: - channelVolatilityWidth = vegasChannelUpper - vegasChannelLower - adjustedMultiplier = superTrendMultiplierBase + volatilityAdjustmentFactor * (channelVolatilityWidth / vegasMovingAverage) The adjusted multiplier enhances the SuperTrend's sensitivity to market volatility, making it more adaptable to changing market conditions. BTCUSD Local picture. 🔶 Average True Range (ATR) and SuperTrend Values The ATR is computed over a specified period to measure market volatility. Using the ATR and the adjusted multiplier, the SuperTrend upper and lower levels are determined. ATR Calculation: - averageTrueRange = ATR(atrPeriod) **SuperTrend Calculation:** - superTrendUpper = hlc3 - (adjustedMultiplier * averageTrueRange) - superTrendLower = hlc3 + (adjustedMultiplier * averageTrueRange) The SuperTrend levels are continuously updated based on the previous values and the current market trend direction. The market trend is determined by comparing the closing prices with the SuperTrend levels. Trend Direction: - If close > superTrendLowerPrev, then marketTrend = 1 (bullish) - If close < superTrendUpperPrev, then marketTrend = -1 (bearish) 🔶 Trade Entry and Exit Conditions The strategy generates trade signals based on the alignment of both SuperTrends. Trades are executed only when both SuperTrends indicate the same market direction. Entry Conditions: - Long Position: Both SuperTrends must signal a bullish trend. - Short Position: Both SuperTrends must signal a bearish trend. Exit Conditions: - Positions are exited if either SuperTrend reverses its trend direction. - Additional conditions include holding periods and configurable take-profit and stop-loss levels. █ Trade Direction The strategy allows traders to specify the desired trade direction through a customizable input setting. Options include: - Long: Only enter long positions. - Short: Only enter short positions. - Both: Enter both long and short positions based on the market conditions. █ Usage To utilize the "Double Vegas SuperTrend Enhanced" strategy, traders need to configure the input settings according to their trading preferences and market conditions. The strategy includes parameters for ATR periods, Vegas Channel window lengths, SuperTrend multipliers, volatility adjustment factors, and risk management settings such as hold days, take-profit, and stop-loss percentages. █ Default Settings The strategy comes with default settings that can be adjusted to fit individual trading styles: - trade Direction: Both (allows trading in both long and short directions for maximum flexibility). - ATR Periods: 10 for SuperTrend 1 and 5 for SuperTrend 2 (shorter ATR period results in more sensitivity to recent price movements). - Vegas Window Lengths: 100 for SuperTrend 1 and 200 for SuperTrend 2 (longer window length results in smoother moving averages and less sensitivity to short-term volatility). - SuperTrend Multipliers: 5 for SuperTrend 1 and 7 for SuperTrend 2 (higher multipliers lead to wider SuperTrend channels, reducing the frequency of trades). - Volatility Adjustment Factors: 5 for SuperTrend 1 and 7 for SuperTrend 2 (higher adjustment factors increase the responsiveness to changes in market volatility). - Hold Days: 5 (defines the minimum duration a position is held, ensuring trades are not exited prematurely). - Take Profit: 30% (sets the target profit level to lock in gains). - Stop Loss: 20% (sets the maximum acceptable loss level to mitigate risk).
Strategy
by PresentTrading
4
Vegas+200+Big Vol by RSU1. Vegas channel The Vegas channel indicator is very effective as a short, medium and long-term trend observation indicator, and it has obvious support and resistance functions. 2. EMA200+MA200 Usually ema200 or ma200 is used as a watershed for fund institutions to evaluate the long-short trend of a stock trend. 3. Big volume box Big volume is often used as a signal of a market trend turning,if it is greater than 4 times standard deviation it is marked as a Big volume in yellow box. There will be support and resistance at this price range.
Indicator
by ChartZon
7
Pulu's Moving AveragesPulu's Moving Averages This script allows you to customize sets of moving averages. It is configured default as 3 Vegas tunnels + an MA12. You can re-configure it for any of your moving average studies. At the first release, it supports up to 7 moving averages, many parameters, and eight types of algorithms: ALMA, Arnaud Legoux Moving Average EMA, Exponential Moving Average RMA, Adjusted exponential moving average (aka Wilder’s EMA) SMA, Simple Moving Average SWMA, Symmetrically-Weighted Moving Average VWAP, Volume-Weighted Average Price VWMA, Volume-Weighted Moving Average WMA, Weighted Moving Average If you are looking for only 3 moving averages, there is another script "Pulu's 3 Moving Averages".
Indicator
by Pulu_
9
Vegas Tunnel strategyApply Vegas Tunnel, Use EMA144 169 as medium-term trend support Also use EMA 576 676 and 4 multiples of 144 and 169 as long-term support and trend direction Also increase EMA 36 43 as a short-term trend support Suitable for stocks, indices, commodities The applicable time scale can back-test the usability of the strategy by itself, and select the most applicable target Introduction to current trading strategy: According to the trend, the price will enter the market when it touches the support of each stage. When it touches the bollinger bands, it is Squeeze. Hold until it leaves the bollinger bands But the trading strategy can be more optimized, see the code for details
Strategy
by wsk719
16
Vegas tunnelHi all, This is the first step in putting together a more comprehensive suite of indicators and strategies based around the original Vegas tunnel method. You will need to know what that is before trying to use this indicator. I would implore you to take the time to read the document. It's free to the universe and is a very valuable piece of work in my opinion. Here is the link to the original documentation dl.fxf1.com This indicator is set up to use the original levels as described by Vegas. Future releases will allow for more custom levels. A note on the target waves. Vegas gives us the levels of 55, 89 and 233...all in FX pips. You will need to adjust that for your instrument and it is your personal preference. If you are using BTC , you might use $55, $89 etc, for ETH $5.50, $8.90 etc, for S+P 55, 89, 233 or for FX, the number might be 0.0055 etc The indicator has been left blank so you can fill the target waves in yourself. A note on the templates The original template is simply as Vegas described it in his document, change it as you wish The TD template comes from where I first was introduced to the concept. I can't mention the full source here, but some of you will know to what I am referring to. A massive thanks to TD for all the material they have provided the world. The HH (Hero Hedge) template is just my way of looking at the wave. It's green when the faster MA is above the slower MA and red for the opposite. It doesn't really mean much, it's just a visual reference. Perhaps you can use it to filter signals if you so wish. Finally, some of you may notice that I am an amateur coder at best. If you think you can improve or tidy up the code, then by all means, please reach out and collaborate with me. I am trying to produce something to the benefit of all. I hope this can help you. If it does, then please pay it forward as I am trying to do. Hero Hedge.
Indicator
by east-west_trading
2
Vegas tunnelHi all, This is the first step in putting together a more comprehensive suite of indicators and strategies based around the original Vegas tunnel method. You will need to know what that is before trying to use this indicator. I would implore you to take the time to read the document. It's free to the universe and is a very valuable piece of work in my opinion. Here is the link to the original documentation dl.fxf1.com This indicator is set up to use the original levels as described by Vegas. Future releases will allow for more custom levels. A note on the target waves. Vegas gives us the levels of 55, 89 and 233...all in FX pips. You will need to adjust that for your instrument and it is your personal preference. If you are using BTC , you might use $55, $89 etc, for ETH $5.50, $8.90 etc, for S+P 55, 89, 233 or for FX, the number might be 0.0055 etc The indicator has been left blank so you can fill the target waves in yourself. A note on the templates The original template is simply as Vegas described it in his document, change it as you wish The TD template comes from where I first was introduced to the concept. I can't mention the full source here, but some of you will know to what I am referring to. A massive thanks to TD for all the material they have provided the world. The HH (Hero Hedge) template is just my way of looking at the wave. It's green when the faster MA is above the slower MA and red for the opposite. It doesn't really mean much, it's just a visual reference. Perhaps you can use it to filter signals if you so wish. Finally, some of you may notice that I am an amateur coder at best. If you think you can improve or tidy up the code, then by all means, please reach out and collaborate with me. I am trying to produce something to the benefit of all. I hope this can help you. If it does, then please pay it forward as I am trying to do. Hero Hedge.
Indicator
by east-west_trading
2
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