Volume-Filtered Fair Value Gap and MACD Reversal Signals
Summary
This script combines three types of long and short setup: fair value gap patterns, MACD crossovers paired with RSI thresholds, and flags requiring a moving-average relationship, high volume, and a gap. It further requires high volume relative to a moving average and an ADX reading above a threshold before entering, and only opens a trade while flat. Exits use a fixed tick loss and an activated trailing stop; alert messages are configured for an external trading workflow.
The supplied source is the main evidence for the rules. It defines indicators, pattern conditions, entries, exits, and a small status dashboard, but the excerpt is truncated and gives no backtest results or performance analysis. Its title makes a promotional claim that is not supported by evidence in the document. The thresholds and fixed tick risk settings are configurable, and suitability may vary by instrument, timeframe, liquidity, and execution conditions.
Key ideas
- Entries can arise from fair value gaps, MACD and RSI reversals, or moving-average flags.
- The script filters entries using volume relative to its moving average and an ADX threshold.
- A fixed tick stop and trailing exit manage open positions.
- Alert messages support passing trade actions to an external execution system.
- The document provides implementation details but no evidence of profitability.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.