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BigTrendTrapSignal

BTT is a trend signal indicator. The algorithms is based on the price movement principle - a formed trend, rollback - entry. The indicator gives a signal to enter the market and a signal to close a part of the order or the hole order. The indicator works on all timeframes and with virtually all instruments.

The indicator is non-redrawable and non-lagging.

This is not an independent trading system. Losing trades are possible when in flat, but they are well covered by a caught trend. Additional filters are required. I use MA. The indicator produces a high percentage of good signals allowing to catch a large movement.


A trading strategy (Recommended Usage)

Short-term:

  • Enter the market when MA has formed a trend and BTT gives a signal (arrow) to enter the market.
  • Exit the market when BTT gives a signal (arrow) to lock the order.
  • Process only first signals of a formed movement.

Long-term:

  • Enter the market when MAs change a trend and BTT gives a signal (arrow) to enter the market.
  • Close a part of the order by a signal and keep the rest in the market until you receive an opposite signal. You can increase position volume in case of new BTT signals while using a tight stop level.

Stop levels:

  • Nearest high/low.
  • An opposite BTT signal + a reverse pattern of MA.

Extras:

  • The indicator perfectly complements work with trend lines, support/resistance lines.
  • Do not trade before important news releases (1 hour before and 1 hour after). Do not trade during high volatility.
  • Do not forget to move to breakeven and trail stops.


Settings

  • Big_Trend_Trap_Intensity = 4; - Calculation period / the number of bars for indicator calculation
  • sell_level = 0.99; - sell_level
  • buy_level = 0.01; - buy_level
  • sell_level_trend = 0.93; - sell_level_trend
  • buy_level_trend = 0.07; - buy_level_trend
  • Sound = true; - Sound
  • alert = true; - alert
  • SoundFileBuy = "alarm.wav"; - SoundFileBuy
  • SoundFileSell = "alarm.wav"; - SoundFileSell
  • SoundFileCloseBuy = "alarm.wav"; - SoundFileCloseBuy
  • SoundFileCloseSell = "alarm.wav"; - SoundFileCloseSell
  • Cod_Arrows_SUp = 71; - Cod_Arrows_SUp / arrow coed for signal buy
  • Cod_Arrows_SDn = 72; - Cod_Arrows_SDn / arrow code for signal sell
  • Cod_Arrows_SUp2 = 34; - Cod_Arrows_SUp2 / arrow code for signal buy
  • Cod_Arrows_SDn2 = 34; - Cod_Arrows_SDn2 / arrow code for signal sell
  • DnColor = clrGold; - DnColor / arrow color for SELL
  • UpColor = clrSpringGreen; - UpColor / arrow color for BUY
  • DnColor2 = clrGold; - DnColor2 / arrow color for SELL
  • UpColor2 = clrSpringGreen; - UpColor2 / arrow color for BUY
  • Arr_Dist_DN = 30; - Arr_Dist_DN / distance for Dn arrow
  • Arr_Dist_UP = 30; - Arr_Dist_UP / distance for Up n arrow
  • Arr_Dist_UP2 = 40; - Arr_Dist_UP2 / distance for Up2 arrow
  • Arr_Dist_DN2 = 40; - Arr_Dist_DN2 / distance for Dn2 arrow
  • Arr_width = 1; - Arr_width / arrow width
  • Arr_width2 = 1; - Arr_width2 / arrow width
  • Normalize = 1; - Normalize
  • delta1 = 450; - delta1 / delta for MA difference
  • delta2 = 250; - delta2 / delta for regression calculation
  • ExtPeriodFastMA = 96; - ExtPeriodFastMA
  • ExtPeriodFiltrMA = 128; - ExtPeriodFiltrMA
  • ExtPeriodSlowMA = 210; - ExtPeriodSlowMA
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版本 2.0 - 2016.11.30
Added unique IndicatorID
Set graphical objects