Strategy tester enabled .All you can test this in live market in any segment.
Lesser the time frame greater the success rates as the test results.
This can be used : Crypto Currency/Bitcoins ,Forex,currencies ,Index ,Commodity Gold/silver , Oil Market and in Equity /Futures
It will work for BINARY OPTION ,BINARY DIGITAL to enter and hold the position in right direction,User test it and confirm.
How to Use:
Three Main Zone BackGrounds: 1. Green Zone 2. LightRed Zone 3. Yellow Zone
1.Long only when Bar Color changed from Red or Black to BLUE and BackGround in Green, Hold the position until opposite color comes.
2.Short when BAR become Black and BackGround Red Exit when opposite color come.
3.Yellow Back Ground : Risk Trade Zone : When Red BARs Cautious Short , Yellow Zone LightGreen Bars (Avoid Trade) .In Yellow Zone Close the previous Entered postions.
Time Frame : Lesser Time Frame and holding for longer time will give Good Result . 1min-1Hrs . This will not work >1Hr Strategy and Candle will disappear >1hr TimeFrame.
Strategy Tester : Choose any Date Month Year to Current Date and check the results below in the Strategy Tester.
REPAINT/NO REPAINT : No Repaint ,Previous candles and Background Color wont change. In the current candle position wait for the candle to close to see the stability.Current candle color might oscillate bit However it will not change from Blue to Black or Black to Blue or Black to Red.
Note : Last Bar will be a actual Green or Red Bar by Default Do not Confuse with this.It is trading view default strategy design working way.Once Bar closes actual strategy color will appear.
ALERT /AUTOVIEW capabilities : Strategy Tester does not support ALERT by default as you all know.In the Indicator version Alert will be added for all Buy Sell and cover entries.
Test the strategy.
SCRIPT : Access must be given by me to test this .Once access given you can test ,Request for access .Without access Study Not Auth error will come.
Review and Feedback.Thank you!
Refer the Release notes for any updates and my posts below and in my idea page for more details. Thank you!
Any issues report to me to Fix.Thank you!
Hint : Try this with Renko ,Point and Figure with Traditional chart setting ,Results are very good.
In the indicator input setting choose 3rd option enabled and 2nd option disabled to get this new one .Default old 5min scalper enabled.
1min 3min no change ,it will work only in 1 3 5min in other time frame candle will show normal color.So time frame 1min or 3min or 5min selection is must.
Only for testing as of now.
Strategy tester not available .Only Manual testing available .No Repaint.
Works only in 1min 3min and 5min .Other time frame not supported.
Transition of BackGround Color is the key to BUY/LONG or SELL/Short
Works only in 5min time Frame ;In any script. Noise Greatly reduced.
After Buy or Short is taken (Black to Blue Buy ,Blue to Black Short as per rules ) and the candle color is changing in between still the BGCOLOR is same continue the position without closing.This will help maximizing the profit.
Strategy tester not enabled .No repaint .
Backetest 1 3 5 15min 30min included. Test only in heiking ashi.
Not optimized testing. Entry and Exit text shown in the chart to be ignored.