MMTools - Catcher

5월 21일

❖ Overview

Catcher is a professional trading indicator designed to provide insightful, high-quality purchasing signals to traders, algorithmic traders, and investors. The indicator employs trend-following, momentum, and volatility-based techniques, all integrated into the author's unique and sophisticated strategic framework. This approach ensures that only the highest-performing signals are selected and presented. Unlike the majority of indicators, Catcher seeks to deliver signals against local price movements. Furthermore, the indicator is engineered to adapt to changing market conditions, ensuring its sustained value and relevance.

❖ How The Indicator Works

The objective of Catcher is to detect market movements and signal emerging trends to follow — before the trend loses momentum. Following this phase, the indicator remains inactive during periods of consolidation and low buying interest, resuming only upon detecting indications of a new market movement.

The system is built on a custom market-following algorithm that dynamically adjusts its internal components by analyzing the prevailing trend direction, strength, and volatility. This allows the indicator to identify optimal entry points in changing market conditions. By continuously adapting, Catcher can filter out false signals more effectively than traditional fixed-logic strategies.

❖ Settings

The indicator has simple settings. It allows the addition of signals from up to three other timeframes, with each additional signal increasing in size to facilitate differentiation. However, the selected timeframes must be equal to or higher than the chart’s current timeframe.

⚙️ Exit Signals:
Crosses marked as “+” on the chart represent favorable exit points determined by timeout logic.

Both entries and exits are fully non-repainting, meaning they will not change their locations or disappear once displayed on the chart. Note that they appear at the opening of the bar.

❖ Application

The indicator demonstrates strong performance in trending markets. However, it is advisable to avoid trading during highly volatile, choppy markets. As illustrated in the images below, signals generated in stable, trending environments tend to yield more favorable outcomes compared to those produced in turbulent conditions.


-- Example of Catcher operating during trending market --


-- Example of Catcher operating in a choppy market --

⚡️ It is not necessary to wait for bar closures, as the signals do not repaint once displayed.

Catcher can be used independently or to complement your existing techniques, for instance, by confirming your ideas or identifying precise entry points. The more reliable technical tools you incorporate, the stronger your analysis can become. Here is an example of how Catcher integrates with classical technical analysis:


-- Example of Catcher operating with additional influencing factors --

❖ Conclusion

We believe that dedicated traders can achieve outstanding results by using our tools with commitment and a professional approach. We hope that Catcher offers you a fresh and valuable perspective on trading.

❖ Access
Please refer to the Author's Instructions field to request access to the script.


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Disclaimer

The information provided by my scripts is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Always do your own research before making financial decisions.

7월 1일

릴리즈 노트

Minor improvements and code optimization.