🇩🇬Market Dip
The Market Dip indicator employs advanced algorithms to analyze market trends and identify potential dips before they occur.
Dip signals
signals are printed when it detects a potential dip in the market. These signals aim to highlight optimal buying opportunities, helping traders capitalize on market corrections.
How to use ?
You could buy and HOLD
Buy and sell at the dynamic TPs provided by the Dip indicator
The sensitivity level directly affects the number of signals generated. Lower sensitivity results in a lower number of signals, while higher sensitivity leads to a more aggressive and increased number of signals.
This feature utilizes a lookback period to mathematically confirm whether the current candle represents the dip of the current market move. A higher lookback period is less accurate but generates more signals.
This algorithm filters out weak signals based on the Range Ratio. When activated, it only prints strong, reliable signals. However, this may result in a lower number of signals.
The take profit input is a boolean toggle that, when activated, will display take profit points on the chart. These take profit points are dynamic, adjusting in real-time to market conditions.
The Multi input for our trailing take profit (TTP) system allows for fine-tuning the TTP position. A higher value increases potential profits but results in fewer triggers, while a lower value leads to more frequent, middle-range take profits.
Backtester
The backtester evaluates all historical signals against the two dynamic take-profit (TP) levels provided by the indicator. It then presents the results in a table, as seen in the image above.
a translation for the above table is ..
TP1
13.1 % PNL
69.23 % Win rate
TP2
74.42 % PNL
61.54 % Win rate
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