·overview It is an indicator that displays "buy", "sell", and "profit taking when heating" as a guideline for trade timing in 15-minute bars of Gold or XAUUSD.
We are developing with the goal of capturing the reversal of the average price, the reversal of the trading force, and the degree of heating, and displaying the sign at the time of the reversal of the trend and the initial movement. When the sign comes out, the price may be slightly in the trend direction, so it is better to implement the strategy of "loss cut" and "asset management" in the actual usage scene.
・Logic explanation The reversal of the average price is captured by the golden cross and dead cross of the "MACD line" and "SIGNAL line" of the indicator "MACD (Moving Average Convergence/Divergence Trading Method)". The reversal of trading power is captured by the golden cross and dead cross of the "+DI line" representing the buying power of the indicator "DIM" and the "-DI line" representing the selling power. This confirms the reversal of the buying and selling force and the reversal of the average price, which are necessary for the emergence of the trend, but it is possible that the trend is already heating up or converging. If you enter in that state, there is a high possibility that you will make a loss, so in order to capture the heating condition, check that the "heating line" of the indicator "ADX" is below the threshold value, check the change, and check the trend. I am trying to display when reversing or initial movement.
The 'Take Profit' sign displays the 'Take Profit' sign as a discretionary aid in the event of a sharp heating and trend movement. The "profit taking" sign display is a function that displays "profit taking" when a dead cross between the "MACD line" and the "SIGNAL line" occurs when the "ADX" reaches a certain level.
・Other precautions This indicator mainly displays "entry" signals and does not display loss cuts. We are aiming for initial detection as much as possible, but in the actual trading strategy, we think it would be better to incorporate loss cuts into the strategy and set lots based on asset management.
・Example of usage scene When a “buy” or “sell” signal occurs, you can consider a strategy such as entering in the direction of the trend, using the highs and lows near the signal as a guideline for loss cuts. In addition, since it is aimed at the time of trend reversal, short-term upper and lower whiskers can be expected, so it is possible to think of an entry strategy with a limit price at a good risk reward position by cutting highs and lows.