FxASTLite Strategy[ALLDYN]

2021년 7월 26일

This strategy can be used on ANY instrument (Forex, Stocks, Cryptocurrency, etc.) AND on ANY TF (Time Frame). The purpose of me sharing this is to show people the power of using a Fibonacci-based trading system combined with Institutional market looks and how associated price action reacts and responds at these levels within the market. This is nothing new with the work that Charles Dow did with the Dow Theory and what Ralph Nelson Elliott expanded upon with the Elliott Wave principle. It is about synergism and simplicity with what works. There is no "holy grail" in trading except the one between your ears. This is just a tool to give you a confirmation with multiple built-in confluences that can be tied with an oscillator for additional confluence.

It is helpful to know Supply & Demand Zones as well as candlestick patterns and where these reversal patterns happen within the market. They are more meaningful if they happen within Supply & Demand Zones. The 4 candlestick patterns I look for in Supply & Demand Zones are Hammer/Hanging Man (Pinbar), Engulfing Candle Pattern (blended lines), Dark Cloud Cover/Piercing Candle Pattern (blended lines), and Tweezer Tops/Bottoms.

I through The Ichimoku Cloud on top of this so you can see the transitions as the market moves in its fractal nature. I use the MACD, TDI, and RSI for confirmation of what associated price action is doing on the chart. I say associated price action because nothing happens without volume. There are some built-in Volume tools in TV that give some good insight into what is happening (overall volume - VPVR, at price - session volume, & overtime - vol. )

***PURPOSE of the RIBBON***:
-The Ribbon allows you to get in at the START/BEGINNING of a Correction/Trend Change (Associated price action should always be the ENTRY condition).
-If the associated price action stays above the Ribbon, then this allows you to stay in the BUY trade longer.
*Note - Exit of the BUY trade would be if associated price action BELOW the Ribbon.

-If associated price actions stay below the Ribbon, this allows you to stay in the SELL trade longer (Associated price action should always be the ENTRY condition).
*Note - Exit of the SELL trade would be if associated price action closed ABOVE the Ribbon.

***PURPOSE of the Oracle (Solid purple line)***
-The Oracle will act as Trend confirmation and associated price action target as the Trend is TRANSITIONING

***SYSTEM FEATURES***
-Inputs (Style, Visibility = NA):
You are able to toggle ALLDYN FxASTLite from the chart.
You are able to toggle PSARs from the chart.
You are able to toggle background (Affects White/Black line)

If you suffer from any type of Color Blindness you can select different options to help.

*****DISCLAIMER*****

I am not a financial advisor or commodity trade advisor. This "TOOL" is for EDUCATIONAL PURPOSES ONLY. Any use of this financial educational tool in ANY demo/live market you do so at your own RISKS. Trading in leveraged financial markets has inherent RISKS associated with such actions. Do Not Trade Money YOU Can't Afford to LOSE.

2021년 7월 28일

릴리즈 노트

**Updated by removing below oscillators from the original chart to focus on what I am saying below and the indicator**

This strategy can be used on ANY instrument (Forex, Stocks, Cryptocurrency, etc.) AND on ANY TF (Time Frame). The purpose of me sharing this is to show people the power of using a Fibonacci-based trading system combined with Institutional market looks and how associated price action reacts and responds at these levels within the market. This is nothing new with the work that Charles Dow did with the Dow Theory and what Ralph Nelson Elliott expanded upon with the Elliott Wave principle. It is about synergism and simplicity with what works. There is no "holy grail" in trading except the one between your ears. This is just a tool to give you a confirmation with multiple built-in confluences that can be tied with an oscillator for additional confluence.

It is helpful to know Supply & Demand Zones as well as candlestick patterns and where these reversal patterns happen within the market. They are more meaningful if they happen within Supply & Demand Zones. The 4 candlestick patterns I look for in Supply & Demand Zones are Hammer / Hanging Man ( Pinbar ), Engulfing Candle Pattern (blended lines), Dark Cloud Cover/Piercing Candle Pattern (blended lines), and Tweezer Tops /Bottoms.

I through The Ichimoku Cloud on top of this so you can see the transitions as the market moves in its fractal nature. I use the MACD , TDI , and RSI for confirmation of what associated price action is doing on the chart. I say associated price action because nothing happens without volume. There are some built-in Volume tools in TV that give some good insight into what is happening (overall volume - VPVR, at price - session volume, & overtime - vol. )

***PURPOSE of the RIBBON***:
-The Ribbon allows you to get in at the START/BEGINNING of a Correction/Trend Change (Associated price action should always be the ENTRY condition).
-If the associated price action stays above the Ribbon, then this allows you to stay in the BUY trade longer.
*Note - Exit of the BUY trade would be if associated price action BELOW the Ribbon.

-If associated price actions stay below the Ribbon, this allows you to stay in the SELL trade longer (Associated price action should always be the ENTRY condition).
*Note - Exit of the SELL trade would be if associated price action closed ABOVE the Ribbon.

***PURPOSE of the Oracle (Solid purple line)***
-The Oracle will act as Trend confirmation and associated price action target as the Trend is TRANSITIONING

***SYSTEM FEATURES***
-Inputs (Style, Visibility = NA):
You are able to toggle ALLDYN FxASTLite from the chart.
You are able to toggle PSARs from the chart.
You are able to toggle background (Affects White/Black line)

If you suffer from any type of Color Blindness you can select different options to help.

*****DISCLAIMER*****

I am not a financial advisor or commodity trade advisor. This "TOOL" is for EDUCATIONAL PURPOSES ONLY. Any use of this financial educational tool in ANY demo/live market you do so at your own RISKS. Trading in leveraged financial markets has inherent RISKS associated with such actions. Do Not Trade Money YOU Can't Afford to LOSE.

2021년 10월 19일

릴리즈 노트

Added TW state change confirmation that is visible on the chart.
Added 2 Alert conditions for the above state change possibilities.

2022년 11월 27일

릴리즈 노트

-Updated super simple version of FxAST to make price action trading simpler.
-Basic rules [short] - Everything below the black line, we only look for selling opportunities.
-[short]If Wave is below the black line, we look to sell when the price is below wave (blue).
-[short] Potential exit of a short position would be if the price closes above Wave, and we would only re-enter if the price fell below Wave.

-Basic rules [long] - Everything above the black line, we only look for buying opportunities.
-[long]If Wave is above the black line, we look to buy when the price is above wave (purple).
-long] Potential exit of a long position would be if the price closes below Wave, and we would only re-enter if the price pushed above Wave.

6월 21일

릴리즈 노트

-Updated Enhanced Layout
-Updated Logic to capitalize on the main strategy rules
-New Dashboard with easy-to-use visuals.
-Cleaned up code.

9월 7일

릴리즈 노트

-Complete update and redesign of the core logic and visual aesthetics.
-Added Legend and other cosmetic enhancements.
-Added Trade Lines and RR Management.