pbfx_Daylight
This is the bundle of the indicators used by the amazing LauraT over at FF using her *new* method call Daylight Trading Strategy, just like her previous strategy, this one is even more minimalist and rule-based trend following / continuation of trend, more information on her forum thread.
FEATURES:
- 2 Smoothed Simple Moving Average of 5-Period (1 been offset to 5 periods forward) where user uses price reaction at line crosses to make trading decisions
EXTRAS:
- 200-Period Simple Moving Average the pillar of this setup where dictates trend movement;
- Fibonacci Pivot with SR1,2,3 set for Daily (can be changed);
- 14-Period ADR High/Low with reactive lines that signals when price has exceeded the ADR limit;
- Previous Day High/Low levels which serves as Support/Resistance;
- Daily Open line plot on the chart where price sometimes try to go back to before changing direction;
- Trading Session Highlight, this is defaulted at London/New York sessions (can be edited) to make a better visual representation of when the best volatile hours are in play (this is not a calculation of volatility , is just the time of day based on market availability)
Added the Agressive Hourly Option published by LauraT
- This is a 1H chart setup, it has only been tested on this timeframe!
- Toggle "Show 1H Setup" on Settings to apply values on both Indicators (Daylight/Williams %R)
FEATURES:
- 2 Smoothed Simple Moving Average of 5-Period (1 been offset to 5 periods forward) where user uses price reaction at line crosses to make trading decisions
EXTRAS:
- 200-Period Simple Moving Average the pillar of this setup where dictates trend movement;
- Fibonacci Pivot with SR1,2,3 set for Daily (can be changed);
- 14-Period ADR High/Low with reactive lines that signals when price has exceeded the ADR limit;
- Previous Day High/Low levels which serves as Support/Resistance;
- Daily Open line plot on the chart where price sometimes try to go back to before changing direction;
- Trading Session Highlight, this is defaulted at London/New York sessions (can be edited) to make a better visual representation of when the best volatile hours are in play (this is not a calculation of volatility , is just the time of day based on market availability)
Added the Agressive Hourly Option published by LauraT
- This is a 1H chart setup, it has only been tested on this timeframe!
- Toggle "Show 1H Setup" on Settings to apply values on both Indicators (Daylight/Williams %R)
Release Notes:
Major update on addition parameters to bring in line with latest suggestions by LauraT.
Features:
- Aggressive mode toggle
- Moving averages now can be choose different calculation: SMMA, SMA, EMA as well as length
- Additional filters can be applied: Fibonacci Pivot Points. ADR, Yesterday Hi/Lo, Daily Open
Features:
- Aggressive mode toggle
- Moving averages now can be choose different calculation: SMMA, SMA, EMA as well as length
- Additional filters can be applied: Fibonacci Pivot Points. ADR, Yesterday Hi/Lo, Daily Open