Category Trend  Published on 15/04/2024

REA Letizia V2.0

An update for this algorithm is currently pending moderation. Please revisit this page shortly to access the algorithm's latest version.
Description

Rea_Letizia is an indicator for all types of intraday traders. Designed to perform at its best in small time frames (from M5 to H1) offering numerous opportunities for entry into the week.

View all TradeKit Membership Tool in our website: https://www.reavolution.com/en/tool-membership/

Functionality

  • Trend Line Green or Red
  • Centre line of BB
  • Highlighting Candles Project buy and sell
  • Triangle buy or sell confirming entry
  • Potential transactions with Entry line, Stop Loss line (SL) and Take Profit line (TP)
  • Panel to quickly change torque knowing already the direction of the trend
  • Telegram signals with entry price, stop loss, take profit and the screenshot of the chart in question

Parameters

Bollinger Bands

  • Bollinger Bands Deviations: Set the deviation of bollinger bands (Default: 1.5)
  • Bollinger Bands Periods: Set the periods of the bollinger bands (Default: 20)
  • Bollinger Bands MA Type: Set the type of Moving Average for the calculation of bollinger bands (Default: Simple)
  • Souce: (Default: Close)
  • Break Info: Set to Yes if you want to display the breakage writing of the top or bottom bollinger band (Default: No)

Stochastic Oscillator

  • Kslowing: Set K slowing (Default: 6)
  • %D Period: Set period to calculate percentage D (Default: 3)
  • %K Period: Set period to calculate percentage K (Default: 10)
  • MA Type: Set the type of Moving Average to calculate the Stochastic oscillator (Default: Simple)
  • UP Limit: Set the level at which the oscillator will be overbought (Default: 50)
  • Down Limit: Sets the level at which the oscillator will be oversold (Default: 50)

Trendline

  • Periods: Set periods for Trend Line calculation (Default: 12)
  • Multiplier: Set the multiplier to calculate Trend Lline (Default: 2)
  • ATR Smooth Type: Sets the type of Moving Average for smooth in the calculation of the Trend Line (Default. Exponential)
  • Volume Date: Set to Yes if you want to include Tick Volumes for Trend Line calculation (Default: Yes)

Positions

  • View Positions?: Set to Yes to display the potential operations you can do with the indicator (Default: No)
  • Operation length: Set a period of candles that will be the length of the lines of the operations (Default: 10)
  • Maximum Back: Set the number of candles back which should count the "indicator to detect Maxima or Minima to enter the stop loss (Default: 5)
  • Add SL: Set the number of Pips you want to add from minimum or maximum for stop loss (Default: 10)
  • Reward TP: Set the Reward value to calculate the Take Profit, if you enter 2 your take profit will be 2 times your stop loss, for example: if the stop loss is 13 pips the tp will be inserted to 26 (Default: 2)

Panel

  • Watchlist: Enter the name of the watchlist you want to observe, leave unchanged or empty if you don’t want the panelù
  • N Pair: Enter the number of pairs you want to display in your panel (Default: 5)
  • Vertical Position: Set panel vertical position (Default: Top)
  • Horizontal Position: Set the horizontal position of the panel (Defaul: Left)

Permission

  • User Name: Enter your user name of the site taking care to insert the caps correctly
  • User Mail: Enter the email with which you registered to the site

Telegram

  • Telegram : Active with Yes or Off with No
  • Tokens: Enter the Token (string of numbers and letters) of your Telegram Bot that will send the Signals
  • chatID: Enter the telegram chat ID where you want messages to go

Lines

  • MainBB: Choose the middle line color of the bollinger bands
  • Trend: Choose the color of the Neutral Line of the Trend Line
  • Signal: Choose the color of the signals of the Trend Line
  • Bullish: Choose the color of the Trend Line when the trend is bullish
  • Bearish: Choose the color of the Trend Line when the trend is bearish

The author decided to hide the source code.
REAVOLUTION's avatar
REAVOLUTION

Joined on 18.11.2022

  • Distribution: Paid
  • Language: C#
  • Trading platform: cTrader Automate
  • File name: REA_Letizia_V2.0_Licensed.algo
  • Rating: 0
  • Installs: 0
  • Modified: 15/04/2024 12:31
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