xPineScript/xStrategies/XST_VBM15M/Docs/XST_VBM15M.md

VB Momentum Scalping (XTS_VBM15M)

Setup

• TF: 15m
• Asset: AAPL
• R2R: 1:1.5
• Indicators:
  • vbm_Buy or Sell Signal (vbmohale):
    • Change Factor to 4;
• Oscillators:
  • Multpile Strategies (LupOwn):
    • Change MOM Length to 17;
    • Change SQZ Length to 17;
    • Uncheck Show ADX;
    • Uncheck Show Status;

Using the Strategy

Long/Buy Conditions

• VBM gives us BUY signal (label up);
• RSI => OSC Top Part shoud be above 0.5 level;
• Histogram of OSC shoud be green Color;
• Market forms a Bullish Candle;

Long SL

place sl at prev MArket lowest

Long TP

calculate based on R2R;

Short/Sell Conditions

• VBM gives us SELL signal (label down);
• RSI => OSC Top Part shoud be below 0.5 level;
• Histogram of OSC shoud be red Color;
• Market forms a Bearish Candle;

Short SL

place sl at prev market highest;

Short TP

calculate based on R2R;

Signals Overlap

how to handle signals overlaps.