xPineScript/xStrategies/XST_TMPLMCD5M/Docs/XST_TMPLMCD5M.md

Trend Magic Scalping (TMPLMCD5M)

Setup

• TF: 5m
• Asset: TSLA
• R2R: 1:2
• Indicators:
  • Trend Magic (KivancQzbilgic):
    • Change Plot Blue color to Green;
    • Change CCI Period to 18;
• Oscillators:
  • Impulse MACD by LazyBear:
    • Change ImpulseMACD shows as Columns;
    • Change ImpulseMACD Color 3 to Red;
    • Change Color of ImpulsHisto to Yellow;

Using the Strategy

Long/Buy Conditions

• ImpulseMACD gives Green DownSide (Reversal);
• ImpulseMACD Green Column is above of ImpulseMACD signal line;
• ImpulseHisto Yellow is above MACD green Bar (above zero line);
• TrendMagic is Green;
• Market froms a Bullish Candle;

Long SL

place sl at prev MArket lowest

Long TP

calculate based on R2R;

Short/Sell Conditions

• ImpulseMACD gives Red UpSide (Reversal);
• ImpulseMACD Red Column is below of ImpulseMACD signal line;
• ImpulseHisto Yellow is below MACD Red Bar (below zero line);
• TrendMagic is Red;
• Market froms a Berish Candle;

Short SL

place sl at prev market highest;

Short TP

calculate based on R2R;

Signals Overlap

how to handle signals overlaps.