Combining Fair Value Gaps, Reversal Indicators, and Volume for Futures Signals
Summary
This strategy combines price structure and common indicators to generate long and short signals. It identifies bullish and bearish fair value gaps, MACD crossovers paired with RSI thresholds, and flag conditions that also require price relative to a moving average. Entries require elevated volume and an ADX reading above a threshold, and the strategy only opens a position when flat. Exits use a tick-based stop loss and a trailing stop, with alert messages intended for external order routing.
The script includes chart shading and a dashboard alongside its signal and risk controls, but the supplied document gives no backtest results or evidence of live performance. The entry conditions overlap, while several calculated indicators and reversal rules are not used in the final entry logic. Results would depend on the instrument, timeframe, tick value, chosen settings, and the behavior of the receiving execution system; the promotional title does not establish effectiveness.
Key ideas
- Entries require a fair value gap, a qualifying MACD and RSI reversal, or a moving-average flag setup, together with high volume and sufficient ADX.
- The strategy can open either long or short positions, but only when no position is already open.
- Stops combine a fixed tick loss with a trailing mechanism that activates after a configured move.
- Alert messages support external routing, but no performance evidence or execution analysis is provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.