SoftKill21

Profit MAX MTF HeatMap

This is a powerfull strategy which is made from combining 3 multi timeframes into one for profit max indicator

In this case we have daily, weekly and montly.

Our long conditions are the next ones :
if we have an uptrend on all 3 at the same time, we go long.
If we have a downtrend on all 3 of them at the same time we go short.

For exit, for long, as soon as one of the 3 converts into downtrend we exit the trade.
For exit, for short, as soon as one of the 3 converts into uptrend we exit the trade.


This tool can be used on all types of markets, and can also be changed the time frames.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

This is great! Thanks for posting.

Question - why does changing timeframes change the result? Doesn't the indicator pull directly from different timeframes?

I'm confused as to why it shows different results on different TFs...
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