Trend Sniper - Trade X Indicator

Get Access to the Most Valuable Indicators and Setups You’ll Ever Need!

Unlock the power of trading with Trade X’s exclusive indicators and setups, designed to give you a competitive edge in the markets. Whether you’re trading forex, crypto, stocks, or commodities, our premium tools provide the precision and insights you need to succeed.

💎 Comprehensive Explanation for the Indicator Strategy

🌟 Momentum Shift Trading Strategy Overview

📋 Scope

• 🔵 Long-Only: This strategy focuses exclusively on long positions, meaning it never goes short.
• Ideal for 📈 bullish trend-following scenarios or asset classes with long-term upward bias.

✨ Key Components

🗓️ 1. Date Range Filter

• 📅 Start Date: Default: January 1, 2018.
• 📅 End Date: Default: December 31, 2069.
• 🎯 Purpose: Specify a date range for backtesting specific periods.

📊 2. RMI + MFI Calculation

• 📈 RMI (Relative Momentum Index):

  • Similar to RSI, but places greater emphasis on momentum of price changes.

• 💵 MFI (Money Flow Index):

  • Incorporates price and volume data to gauge buying and selling pressure.

• 🧮 Combined Momentum Reading:

  • Averages RMI and MFI to produce a single momentum score.

⚡ 3. Momentum Conditions

• 🟢 Bullish Momentum:

  • RMI-MFI crosses above a set threshold.
  • Short-term moving average slope is positive.

• 🔴 Bearish Momentum:

  • RMI-MFI drops below a set threshold.
  • Short-term moving average slope is negative.

• 📋 Internal Flags:

  • Positive (Bullish)
  • Negative (Bearish)

🔄 4. Range MA & Bands

• 📏 ATR-Based Band:

  • Calculates a margin using ATR (Average True Range).

• 📉 RWMA (Range Weighted Moving Average):

  • Acts as the central ribbon.

• 📈 Band Envelopes:

  • Upper and lower bands change color based on bullish or bearish momentum shifts.

🎨 5. Plotting & Visuals

• 🟢 Green Candles: Indicate bullish momentum.
• 🔴 Red Candles: Indicate bearish momentum.
• 🏷️ Labels: Mark when trends flip from bullish to bearish (and vice versa).
• 📊 Fill: Highlights the area between the RWMA and band boundaries.

🚀 Entry & Exit Logic

✅ Long Entry:

• Triggered when:
  • Combined RMI-MFI indicates bullish momentum.
  • Short-term moving average slope is positive.

❌ Long Exit:

• Triggered when:
  • Combined RMI-MFI indicates bearish momentum.
  • Short-term moving average slope is negative.

🔵 No Shorting: Focuses solely on long positions.

⚙️ Trading Parameters

• 💵 Position Size:

  • Default: 100% of account capital per trade.

• ⚖️ Transaction Costs:

  • 0.1% Commission per trade.
  • 3 Ticks Slippage for realistic market simulations.

🔔 Alerts

• 📲 Custom Alerts:

  • 🟢 BUY: When bullish momentum is detected.
  • 🔴 SELL: When bearish momentum is detected.

• 📡 Real-Time Notifications: Receive alerts via email, SMS, or app.

🛠️ How to Use

1️⃣ Apply the Strategy:

• Add it to your TradingView chart.

2️⃣ Adjust Inputs:

• 📅 Date Range: Customize start and end dates for focused backtesting.
• 📊 RMI & MFI Parameters: Optimize thresholds or lengths for specific assets or timeframes.
• 🎨 Visual Options: Decide if you want range MA, band fills, etc., displayed.

3️⃣ Evaluate Trades:

• Observe:
  • 🟢 Long positions (green candles).
  • ❌ Exits (red candles).

4️⃣ Backtest & Optimize:

• Use the Strategy Tester to analyze:
  • Profit Factor, Drawdown, Win Rate, etc.

💡 Practical Tips

• ⏳ Timeframes:

  • Originally an indicator, now adapted as a strategy.
  • Experiment with various chart timeframes.

• ⚖️ Risk Management:

  • Allocating 100% equity per trade is aggressive. Adjust based on risk appetite.

• ⚙️ Customization:

  • Modify momentum thresholds or add filters (e.g., market volatility).

⚠️ Disclaimer

Strategies using RSI, MFI, or other indicators do not guarantee profits.

• 📊 Past performance does not predict future results.
• Conduct due diligence and consult a financial advisor before trading.

Why Choose Trade X Indicators and Setups?

1. Proven Accuracy

   • Our indicators are developed and tested by industry experts to ensure high accuracy in identifying market trends and opportunities.

2. Ease of Use

   • Designed for all levels of traders, these tools are intuitive and easy to integrate into your existing trading platforms.

3. Comprehensive Coverage

   • Access a variety of tools for technical analysis, including trend indicators, oscillators, and volume analysis tools.

4. Customizable Setups

   • Adapt setups to suit your unique trading strategies and preferences. Whether you’re scalping, day trading, or swing trading, we’ve got you covered.

5. Stay Ahead of the Market

   • Gain early insights into market reversals, breakouts, and momentum shifts with precision tools that keep you one step ahead.

What’s Included?

• Premium Indicators: RSI variations, Fibonacci tools, moving averages, Bollinger Bands, and more.
• Exclusive Setups: Pre-configured trading setups for popular platforms like TradingView, MetaTrader, and others.
• Educational Guides: Step-by-step instructions to maximize the effectiveness of each indicator and setup.
• Live Support: Assistance from our team to help you implement and use the tools effectively.

Who Can Benefit?

• Beginner Traders: Simplify market analysis with easy-to-understand indicators.
• Intermediate Traders: Enhance strategies with advanced setups and configurations.
• Professional Traders: Gain an extra edge with cutting-edge tools.

How to Get Started

1. Join Trade X

   • Sign up to access our exclusive tools and resources.

2. Upgrade to Premium Membership

   • Unlock all premium indicators and setups with our VIP plan.

3. Download and Integrate

   • Follow our easy instructions to integrate the tools into your trading platform.

4. Start Trading Smarter

   • Use these powerful tools to make more informed and confident trading decisions.

Don’t miss this opportunity to elevate your trading game. With Trade X’s valuable indicators and setups, success is just a few trades away! Join now and start trading like a pro.