It is unclear how the Strength Arrow indicator identifies momentum reversals. This indicator plots arrow pointing the direction of a momentum reversal. The Strength Arrow indicator is a momentum-based custom technical indicator which provides momentum reversal signals which traders can use to enter and exit trades. The Strength Arrow can be one of the most effective indicators that traders can use as a reversal signal indicator.

One way to do this is with the use of an indicator that can provide reversal signals. It is always a good idea to have an objective method of entering trades. Sometimes trading unconfirmed reversal signals could also cause traders to lose capital. Sometimes it is the hesitation that would cause traders to miss good trades. Timing trade entries can sometimes be very difficult. Past performance does NOT guarantee future gains but keep in mind Bitcoin, Litecoin and a few others are on deflationary cycles.įor full invite only access please contact DogeyBlaze.Īlert Script And Limited Time Free Trial Available.Introduction to the Strength Arrow Indicator Personally, I use the Daily and Weekly charts except during high volatility, and use a one or two bar trail depending on price action. The Step input gives price action some breathing space if desired. Keep in mind the strategy tester does not calculate trading fees, therefore in most cases will work better on longer time frames. With a bit of tweaking we may be able to find charts and settings with even better performance. If we test another moving average, let's try 29, and change our step input to 1, we get 85.71 % Percent Profitable with 9.22 % Net Profit. When applying this script to the Bitcoin(BLX) weekly chart with a 21 moving average the strategy tester gives us 33.33 % Percent Profitable results with 6.31 % Net Profit. Some of this has to do with 21 being a Fibonacci sequence number, and also because of how Bitcoin price action has reacted to it's trend line in the past. Many Bitcoin traders use the 21 moving average on the weekly chart to make trading decisions. Keeping this in mind let me give an example how this indicator could be useful in identifying trends.

This indicator can quickly and easily identify the past trading success of signals based on moving averages.Īccording to a moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random short-term price fluctuations. WELCOME to GOAT Signals Custom No Repaint Buy Sell Moving Average (MA) Strategy Tester!

Arrow indicator mt4 best no repaint