Next level MTF
To a develop indicator which avoid 90% of false signal, I have develop an concept of generating signal with combination of multiple time frame. I combine 6 trend based indictors and combine time frame mention for buy and sell.
Intraday (BUY/SELL): 1/5/15min or 5/15min (0,1)
When all the indicators gives same singnal in one direction then entry alert generates. Option of keeping minimum common indicator matched number visiable with stock name seperately in buy and side side. New matched always comes on the top of the list with alert sound and with price of entry and exit. Entry on 80% of signal match counting all time frame and Exit of 20% of signal matched in specified time frame. On entry remaining 20% means which binks in stock price moves in pips. Both Buy and Sell keep separate raw with stock name, match counts and price entry and exit.
Positional (BUY/SELL): 15/30min or 30min/1Hr (0,1)
Same as Intraday system.
1) 6/7 trend based indicators will be provided and able input two values
2) Adding “compulsory option and “buy and sell” options in all indicators.
3) Keep an option of 100 stock in symbol.
4) Note and save of entry and exit in both intraday and positional in separate file to monitor performace for further development.
Note: keep a design in that way where we can convert it for robo trading in future. Have to provide all code and will not share to other clients