ULTRA HI Frequency 97%

  1. Bollinger Bands (BB): The script calculates Bollinger Bands based on the specified length and standard deviation. It plots the upper and lower bands on the chart.
  2. Trend Filter: This filter is based on the exponential moving average (EMA) over a specified period. It defines buy and sell conditions 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.
  4. Moving Average (MA): The script calculates two exponential moving averages with different lengths. These moving averages are used to generate buy and sell signals.
  5. Price Momentum Oscillator (PMO): It calculates the PMO based on the rate of change (ROC) of the closing price and exponential moving averages. The PMO is used as a signal for potential buy or sell entries.
  6. Silver and USDX Parameters: These sections fetch data for silver and the US Dollar Index (USDX) and perform calculations and conditions based on their price movements and indicators like relative strength index (RSI), Stochastic, and exponential moving averages.
  7. Entry and Exit Conditions: Based on the signals generated by the various indicators and filters, the script defines entry and exit conditions for long and short positions.
  8. Stop Loss and Trailing Profit: The strategy includes parameters for setting stop-loss and trailing profit levels for managing risk and maximizing gains.