Asgard Low 98%

  1. Bollinger Bands (BB): The script calculates Bollinger Bands using the specified length and standard deviation parameters. It plots the upper and lower bands on the chart, providing a visual representation of price volatility.
  2. Trend Filter: This filter uses the exponential moving average (EMA) over a specified period to identify the prevailing trend. Buy and sell conditions are based on whether the closing price is above or below the EMA.
  3. Volatility Filter: It calculates the standard deviation of price movements over a specified period and compares it to a simple moving average (SMA) of the standard deviation. This filter helps identify periods of increased volatility in the market.
  4. Moving Average (MA): The script calculates two exponential moving averages with different lengths. These moving averages are used in conjunction with Bollinger Bands to generate buy and sell signals.
  5. Price Momentum Oscillator (PMO): The strategy incorporates a Price Momentum Oscillator (PMO) based on the rate of change (ROC) of the closing price and exponential moving averages. The PMO is used as a momentum filter for confirming buy or sell signals.
  6. Silver and USDX Parameters: The script fetches data for silver and the US Dollar Index (USDX) and performs calculations based on their price movements and various indicators like relative strength index (RSI) and Stochastic.
  7. Entry and Exit Conditions: Buy and sell conditions are determined based on the signals generated by the Bollinger Bands, trend filter, volatility filter, and momentum indicators. Long and short positions are entered or exited accordingly.
  8. Stop Loss and Trailing Profit: The strategy includes parameters for setting stop-loss and trailing profit levels to manage risk and maximize gains. Trailing stop functionality is implemented to adjust the stop-loss level as the price moves in favor of the trade.

$50.00