Sqeeze Momentum, DMI and Parabolic SAR study with alerts

23 במרץ 2020

The study combines Sqeeze Momentum, Directional Movement Index (DMI) and Parabolic SAR indicators indicators providing you with a powerful indicator with long and short scalping strategies in it

When conditions of long or short position from all mentioned indicators are met script opens position. Once trend changes it closes position and fixes profit

Advantages:
1. Deal start alert condition includes the folowing filters and requirements:
- Momentum value is adjusted using a relative proportion of volume at each timeframe scale to exclude a chance of opening position at a low impulse stage
- Squeeze momentum trigger condition is automatically checked before a position is opened
- +DI , -DI and ADX values are taken into account to confirm the trend direction
- Position size is taken into account to ensure there will not be opened any excess deals or alerts

2. Exit deal alert condition was modified using Parabolic SAR indicator. Hence, it is ensured positions will not be closed in a middle of a trend

3. Study allows you to apply custom alerts to any position you would like thus you can connect your own trading panels with TradingView Webhooks


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