TSLA Trend-Following Strategy with BlueWave and Money Flow

Summary

This long-only TSLA strategy combines trend filters with two custom momentum measures. It requires price above the 50- and 200-period EMAs, BlueWave and smoothed money flow above zero, and both indicators rising. A signal is taken only when these conditions newly appear and the strategy is flat. BlueWave blends RSI, stochastic, and a TCI-style oscillator; money flow is based on the Money Flow Index.

The position size targets a configurable fraction of equity at risk, using the distance to the lowest low over a lookback period, with a minimum stop distance tied to price. The strategy places a stop at that structural low, updates it as the lookback low changes, and closes if price falls below the 50-period EMA. The document provides implementation details but no performance report or test evidence. Its performance claims are unsupported here, and results may depend on timeframe, costs, and execution assumptions.

Key ideas

• Entries require price above both trend EMAs and positive, rising BlueWave and money flow readings.
• The signal is filtered to avoid entering when the same conditions were already present on the prior bar.
• Position size is calculated from account equity, a risk percentage, and distance to a recent structural low.
• Positions exit at a moving lookback-low stop or when price closes below the 50-period EMA.
• The source describes a strategy but supplies no verifiable performance statistics.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.