TradeighT
- Indicators
- Lorenzo Monari
- Version: 31.48
- Updated: 9 May 2024
- Activations: 5
⭐The tool identifies the real movement that the market uses, with real mathematical calculations based on the price changes.
⭐ Tradeight execution is based on this mathematical relationship that be always existed.
⭐ Most traders look at the same things and study the same information, the reason because the majority lose money.
⭐ It is a product based not on the ideas of the majority but on the 4 real foundations that rule the market.
⭐ The tool is a visual tool, easy to understand and simple to use, available for all backtestable symbols.
Exclusively for MT4.
The indicator uses high reaction price levels:
☆ provides current take-profit prices
☆ provides levels for use with technical analysis
☆ provides zigzag
☆ provides the current trend
☆ provides targets with high % of success
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"Horizontal Non-Permanent Trendline Buy"TRENDLINE (selectable)
- numbered from 1 to 5
- colour editable from "Indicator Properties"
- price to be used as takeprofit in a "Buy" order
"Horizontal Non-Permanent Trendline Sell"
- numbered from 1 to 5
- colour editable from "Indicator Properties"
- price to be used as takeprofit in a "Sell" order
"Horizontal Permanent Trendline"
- to be used as support or resistance
"Vertical Trendline"
- to be used as a time reference for the start of a "Horizontal Non-Permanent Trendline"
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GENERAL METRICS
Each "Number" is linked to a candle.
Each "Number" has its own "Horizontal Non-Permanent Trendline".
Each "Horizontal Non-Permanent Trendline" has a own "Vertical Trendline".
When the "Horizontal Non-Permanent Trendline" is touched by the price, it disappears.
When a "Horizontal Non-Permanent Trendline" disappears, the "Number" and "Vertical Trendline" linked to that "Horizontal Non-Permanent Trendline" will disappear.
If a "Horizontal Non-Permanent Trendline" disappears before being touched by the price, a new "Horizontal Non-Permanent Trendline" with the next "Number" will appear in the opposite direction.
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VERTICAL LINES
"Vertical Line Buy"
- color of the "Horizontal Non-Permanent Trendline Buy"
- indicates a "Trend Buy"
"Vertical Line Sell"
- color of the "Horizontal Non-Permanent Trendline Sell"
- indicates a "Trend Sell"
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OPERATIVITY
The tool provides all the necessary informations to identify future price movements with extreme precision,
with the possibility of analysing the history for research and statistics.
In addition to providing all the necessary details for a complete analysis, the tool generates signals with a high % success rate.
The last "Vertical Line" indicates the current "Trend".
Signal Buy
If "Trend Buy",
if the current "Vertical Trendline" only has a "Horizontal Non-Permanent Trendline Buy 1" (TP1), use the TP1 Signal Buy as a target.
Calculate the volume of the investment according to the size of the movement, for a monetary value of the movement, of 1% of the capital.
Example in the pictures.
If the TP1 Signal Buy disappear before it has been touched by the price, choose whether:
- change investment direction using TP2 as a new target
- interrupt the series and wait for a new TP1 Signal Buy
- close the investment
Money management plays an important role, where the investor has the choice of whether to:
- recover the loss of TP1 Signal Buy with the subsequent TPs of that candle (TP2,TP3..)
- recover the loss of the TP1 Signal Buy with the subsequent TP1 Signal Buy
- take the loss
Signal Sell
If "Trend Sell",
if the current "Vertical Trendline" only has a "Horizontal Non-Permanent Trendline Sell 1" (TP1), use the TP1 Signal Sell as a target.
Calculate the volume of the investment according to the size of the movement, for a monetary value of the movement, of 1% of the capital.
Example in the pictures.
If the TP1 Signal Sell disappear before it has been touched by the price, choose whether:
- change investment direction using TP2 as a new target
- interrupt the series and wait for a new TP1 Signal Sell
- close the investment
Money management plays an important role, where the investor has the choice of whether to:
- recover the loss of TP1 Signal Sell with the subsequent TPs of that candle (TP2,TP3..)
- recover the loss of the TP1 Signal Sell with the subsequent TP1 Signal Sell
- take the loss
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SETTINGS
- X = "Horizontal Permanent Trendline"
- Y = "Vertical Line"
- Z = "ZigZag"
To have the same "Template" at each backtest, open a new symbol, change colours and characteristics, and save the "Template" as tester.tpl
-(1)- For a complete analysis, use 10 years earlier than the current date as the backtest start date.
-(2)- Add 1 more month to the current date, and use it as the end date of the backtest.
-(3)- To speed up the backtest, press the "Skip to" button and enter the date equal to the end date of the backtest.
See images for further details.
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