So I found a way to detect the trend of the market.
Here is how it works:
My settings:
Kumo ☁ :
Lagging span set to 1
3 supertrend:
ATR length, multiplier
- 10, 1
- 11, 2
- 12, 3
200 EMA
Time frame:
1 day
Long position
Case 1:
1) the candle closed above the 200 EMA
2) the candle is above the Kumo ☁
3) the 3 supertrends line show green signal (uptrend)
Close trade
When one of the supertrends line show red signal
Case 2:
1) the candle closed above the 200 EMA
2) the 3 supertrends did not show 3 green signals
3) the candle closed above the Kumo ☁
Close trade
When the red candles closed below the Kumo ☁
(during the wait, if the supertrends show 3 green signals, then use the case 1 method to close your trade. -When one of the supertrends line show red signal
For long position, I will sell and earn half of the profit. The other half is used to hold.
Short position
Used the same method as above but in reverse way.
For short position, I will sell half of my hold Coin.
Then buy back the half when the indicator said buy back.
Here is how it works:
My settings:
Kumo ☁ :
Lagging span set to 1
3 supertrend:
ATR length, multiplier
- 10, 1
- 11, 2
- 12, 3
200 EMA
Time frame:
1 day
Long position
Case 1:
1) the candle closed above the 200 EMA
2) the candle is above the Kumo ☁
3) the 3 supertrends line show green signal (uptrend)
Close trade
When one of the supertrends line show red signal
Case 2:
1) the candle closed above the 200 EMA
2) the 3 supertrends did not show 3 green signals
3) the candle closed above the Kumo ☁
Close trade
When the red candles closed below the Kumo ☁
(during the wait, if the supertrends show 3 green signals, then use the case 1 method to close your trade. -When one of the supertrends line show red signal
For long position, I will sell and earn half of the profit. The other half is used to hold.
Short position
Used the same method as above but in reverse way.
For short position, I will sell half of my hold Coin.
Then buy back the half when the indicator said buy back.