Trend Entries from ADX, Bollinger %B, Momentum, and Moving Averages
Summary
This strategy combines trend, price-location, and momentum filters to generate long and short entries. For a long setup, the shorter exponential averages must be above one another and the longer averages must show the same bullish ordering; Bollinger %B must be above a configurable threshold, the Awesome Oscillator must exceed its chosen level, and ADX must indicate sufficient trend strength. Short entries reverse the average ordering and use low %B and negative oscillator readings, while retaining the ADX filter.
Entries are restricted to dates after a configurable start point, and exits use percentage-based stop-loss and take-profit levels. The script also plots a squeeze condition when an ATR-based channel lies inside a standard-deviation channel. The supplied material describes the rules and defaults but gives no performance statistics or market-specific validation. The squeeze display is separate from the stated entry conditions, so it should not be assumed to confirm trades.
Key ideas
- Long and short entries require aligned short- and long-term EMA relationships.
- Bollinger %B locates price within its bands, while the Awesome Oscillator supplies a momentum threshold.
- ADX acts as a trend-strength filter for both trade directions.
- Percentage-based stop and target levels manage exits, and a start-date input limits the tested period.
- The squeeze marking is a chart feature and is not included in the listed entry rules.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.