[blackcat] L2 Reversal Labels Strategy by blackcat1402
By blackcat1402
Performance Metrics
- Author: blackcat1402
- Symbol: BITSTAMP:BTCUSD
- Timeframe: 2 days
- Net P&L: +116,158.20 USD (+105.32%)
- Win Rate: 71.4%
- Profit Factor: 12.889
- Max Drawdown: 7,860.19 USD (7.86%)
- Total Trades: 7
- Sharpe Ratio: 0.109
Description
Level: 2BackgroundThere is a Chinese proverb that says: "The great way leads to simplicity". This indicator is the representative of this meaning. Through the processing of the most common MACD indicator data, it is possible to quickly determine the market price: whether the current price is at a historical high or low, whether a reversal will happen soon, etc. at a glance.FunctionThis is the strategy version of the same indicator which performs screening and filtering through the fast and slow line data corresponding to the output of the standard MACD indicator, so as to realize the function of judging the top and bottom of the trend.InputsN/AKey SignalNear Top --> Top is reached and reversal may happen soon. (red labels)Near Bottom --> Bottom is reached and reversal may happen soon. (green labels)RemarksThe backtest result is picked up and optimized for BTCUSD '2D' time frame, it does not work constantly well for any time frame. You need to combine other indicators for other trading pair and time frame.You can add alerts for this version.This is a Level 2 free and open source indicator.Feedbacks are appreciated.