Cash The System Trend Indicator (STRATEGY)

2022년 12월 2일

The System, created by @MasterBJones looks at the higher timeframe trend of SPX to determine Buy and Sell Signals.

If the 10SMA on the 30min chart is trading over the 50sma, then the market is bullish . If the 10SMA is trading under the 50SMA on the 30min chart, then the market is bearish .

This Indicator colors the candles based on what The System is currently telling us.

Blue = Strong Bullish - SPX/Ticker is trading above the 10 SMA and the 10 SMA > 50 SMA giving a BUY signal.
Aqua = Mild Bullish - SPX/Ticker is trading above the 50 SMA , but we do not have a BUY signal yet. MACD is bullish.
Amber = Uncertainty in the market. SPX/Ticker is in a chop zone, and trades in this area are high risk.
Pink = Mild Bearish - SPX/Ticker is trading below the 50 SMA , but we do not have a SELL signal yet. MACD is bearish.
Purple = Strong Bearish - SPX/Ticker is trading below the 10 SMA , and the 10 SMA < 50 SMA giving a SELL signal.

Along with the colored candlesticks , the indicator will signal when to go LONG or SHORT based on when the trend direction changes.

While The System was designed to be based on SPX , you can use this indicator to trade $ES_F futures , SPY options, SPX options, and other indexes.
Some users are also using the 10/50SMA to trade other tickers such as TSLA based on the same set of rules.

The official documentation for The System is based on SPX so be careful deviating from that ruleset and be sure to backtest before jumping in to trades with this.

Note - this indicator is experimental and your mileage may vary.

Please learn the system by following @MasterBJones on Twitter

2022년 12월 3일

릴리즈 노트

Updated the Chart Preview

2022년 12월 3일

릴리즈 노트

tidied up some of the alert signal code to make it easier to manage. No change in the actual alert with this tweak.

2022년 12월 15일

릴리즈 노트

Added the bands for the 100pt extended area on SPX

2022년 12월 16일

릴리즈 노트

Added the ability to dynamically control the Profit/StopLoss logic when backtesting the strategy.

2022년 12월 20일

릴리즈 노트

Fixed an issue where the bar colors for mild bullish and mild bearish were not quite right when price was moving back towards the 10sma (eg sell signal and trading under the 10/50sma but macd turning bullish)

2023년 1월 14일

릴리즈 노트

• Added setting to enable/disable entry alerts
  
• Added setting to show OverBought/OverSold bands. Options are None, Bollinger Bands (2sd line), Bollinger Band Bands (shading for the BB Band between 1sd and 2sd lines), or the 100pt Extended line for SPX.
  
• Added tooltips to labels
  
• Added Bollinger Bands for OverBought/OverSold levels, similar to how the 100pt extended lines work for SPX in TheSystem. Learn more about BB here: getthatcashmoney.com/blog/how-to-trade-with-bollinger-bands/

2023년 2월 6일

릴리즈 노트

Tweaked the logic that was setting the mild bullish (light blue color) on the candles incorrectly.