Indicators: ASCtrend

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ASCtrend:

The indicator generates signals for entering the market using colored dots.

Author: Nikolay Kositsin

ASCtrend

 
Looks nice, i will try it.
 
this is one of the two indices on which the most profitable signal of the current ones works.
 
Vladimir Angel:
this is one of the two indices on which the most profitable signal of the current ones works.

Vladimir, what is the second one? NRTR_color_line1 ?

 

I tried it in the ASCTrend tester on H1 EURUSD. First impressions are very good. At the same time, it almost does not redraw.

 
Victor Ziborov:

I tried it in the ASCTrend tester on H1 EURUSD. First impressions are very good. At the same time, it almost does not redraw.

But it does. This is a disadvantage. But it is good for trend trading. For example, we wait for a signal from ASCTrend on D1, and on H1 or H4 (also from ASCTrend) we wait for a signal in the same direction from a pullback. Once again: this indicator is good for trend trading. But for flat trading (I prefer flat trading) - I don't know yet, I think it is not suitable.

 
Victor Ziborov:

It's still redrawing. That's a drawback. But it is good for trend trading. For example: We wait for a signal from ASCTrend on D1, and on H1 or H4 (also from ASCTrend) we wait for a signal in the same direction from a pullback. Once again: this indicator is good for trend trading. But for flat trading (I prefer flat trading) - I don't know yet, I think it is not suitable.

All indicators are always redrawn on the current bar, and this one is only on an unclosed bar, it has no redrawing on other bars! Do not mislead people.

 
Nikolay Kositsin:

All indicators are always redrawn on the current bar, and this one is only on an unclosed bar, it has no redrawing on other bars! Do not mislead people.

I understand, Nikolay, indeed, the indicator was redrawing only on the current bar. You are right. I am testing it now on different TFs (D1, H4, H1, M30, M15) and different instruments EURUSD, USDCHF, USDJPY, AUDJPY and AUDNZD.

 
Victor Ziborov:

Got it, Nikolay, indeed, the indicator was redrawing only on the current bar. You are right. I am testing it now on different TFs (D1, H4, H1, M30, M15) and different instruments EURUSD, USDCHF, USDJPY, AUDJPY and AUDNZD.


Go ahead ;) the system works equally (well, almost equally) on all instruments. It is designed for trend trading and allows you to "squeeze" the trend almost dry.

 
Vladyslav Goshkov:

Go ahead ;) the system works equally (well, almost equally) on all instruments. It was created for trend trading and allows you to "squeeze" the trend almost dry.

Vladislav, which indicator has shown good results in pair with ASCtrend? That is, in pair with what other indicator ASCtrend is the most effective?

 
Victor Ziborov:

Vladislav, which indicator has shown good results when paired with ASCtrend ? That is, in pair with what other indicator ASCtrend is the most effective ?


The system includes 4 of them: Signal - it was almost ready in free access (it seems to be the one in this topic). Volatility channel boundary indicator was called ASCTrend2, something like momentum ASCTrend3 and another signal of trend direction - painted bars in the desired colours. Each indicator has its own unique algorithm based on the breakdown of volatility.
Signals for intraday: on a minute one there should be a trend - a signal on the previous and current bar, confirmation of the trend - colouring in the right colour. And at 30 (15) min on the current bar a signal to enter.
There is no need to wait for the bar to close at 30 (15) min.
When opening a position and the situation does not develop about 5-7 bars (30 min) the position is closed waiting for a stop is not necessary.

Look for more details on the spider - it is too lazy to repeat in detail everything that was passed then.

All indicators give approximately such a picture:

By the way, the level of the arrow or signal icon 30(15) min sets the level of the initial stop.
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