*** Please check out the matching Strategy to accompany this Indicator to allow you to fully backtest! ***
Inner Bar trading strategy is where the "inside" bar (or candle to the right) within a pair is smaller and within the high to low range of the prior bar, as this pattern tends to be somewhat predictable; especially in "chop" or sideways trading, it is useful to have in your tool box.
Features include:
A further feature is that you can disable Shorts (therefore only Longing) for use with exchanges
that only allow you to Long, such as Binance & Coinbase.
Additionally, this Indicator will close a trade before opening the next, so a single exchange
account (BitMEX for example) is all that is required versus having separate accounts to long or
short on the same chart.
This strategy is intended to use $100 of capital, traded at 2.5% per order with 10x lev on Bitmex.
If you like my work, please use my referral links (you will receive discounts!)
3commas trading bots (now with Bitmex support and a lot more!) - 3commas.io/?c=cktv
BitMEX - www.bitmex.com/register/gfeBtH
If you have any comments or suggestions, please message me via TradingView.
Based on the core "Inner Bars" concept found at:
backtest-rookies.com...r-momentum-strategy/
with original inspiration/idea from babypips.com
Inner Bar trading strategy is where the "inside" bar (or candle to the right) within a pair is smaller and within the high to low range of the prior bar, as this pattern tends to be somewhat predictable; especially in "chop" or sideways trading, it is useful to have in your tool box.
Features include:
- Complimentary strategy you can add as well as the indicator to backtest and tune your settings before live trading
- Trailing Stoploss to wring every cent from a trade
- Clear Alert labels have been coded in for use with trading bots, 3commas is recommended.
- Enable/Disable Shorts in addition to Longs
- Visual chart shapes - Pink Triangle = Long, Purple Triangle = Short, Thin Green Arrow = Profit, Thin Red Arrow = Loss
- Realtime Deal Status - Plotlines include Yellow = Entry Price, Green = Trailing Stop Profit, Red - Hard Stoploss
A further feature is that you can disable Shorts (therefore only Longing) for use with exchanges
that only allow you to Long, such as Binance & Coinbase.
Additionally, this Indicator will close a trade before opening the next, so a single exchange
account (BitMEX for example) is all that is required versus having separate accounts to long or
short on the same chart.
This strategy is intended to use $100 of capital, traded at 2.5% per order with 10x lev on Bitmex.
If you like my work, please use my referral links (you will receive discounts!)
3commas trading bots (now with Bitmex support and a lot more!) - 3commas.io/?c=cktv
BitMEX - www.bitmex.com/register/gfeBtH
If you have any comments or suggestions, please message me via TradingView.
Based on the core "Inner Bars" concept found at:
backtest-rookies.com...r-momentum-strategy/
with original inspiration/idea from babypips.com