179# Kingler Volume with UT Bot Alerts

15 min trading strategy

Submit by Dimitri 2024

This script combines two key indicators—the Klinger Volume Oscillator (KVO) and the UT Bot—to create a strategy aimed at capturing momentum and trend reversals on 15-minute charts. Here’s a breakdown of each component and how they work together.

1. Klinger Volume Oscillator (KVO)

The Klinger Volume Oscillator is used to detect the flow of volume and identify potential trend reversals based on volume dynamics. The KVO combines price and volume movement to give a more nuanced look at momentum changes in the market. Key parts of this implementation include:

Momentum Calculation (mom): The script calculates momentum based on price changes. Positive or negative momentum values help in trend assessment.
Trend and Cumulative Measurement (cm): This component defines the trend direction (up, down, or neutral) and calculates cumulative measurement (cm) to gauge the magnitude of recent price changes.
Volume Force (vf): Volume force combines trend and cumulative measurements to reflect the intensity of volume movement in the market.
KVO Calculation: The KVO is calculated as the difference between the fast and slow exponential moving averages (EMAs) of the volume force (vf). When the fast EMA crosses above the slow EMA, it often signals bullish momentum, and vice versa.
Signal Line: A signal line (either EMA or SMA) is applied to smooth out the KVO and provide clearer crossover signals, indicating potential entry or exit points.
Histogram & Crossovers: The histogram visualizes the difference between KVO and the signal line. Crossovers between KVO and the signal line are highlighted as potential trading signals, with green indicating bullish momentum and red indicating bearish momentum.

2. UT Bot Strategy

The UT Bot strategy in this script is a trend-following indicator that uses Average True Range (ATR) to determine the trailing stop level. The strategy is intended to capture entry and exit signals based on price movements relative to the ATR trailing stop.

Key Variables:
- Sensitivity Adjustment (a): Adjusts the ATR multiplier to control the sensitivity of the bot.
- ATR Period (c): Determines the length of the ATR calculation, affecting the trailing stop distance.
Heikin Ashi Option: The bot can be configured to use Heikin Ashi candles, which smooth out price noise and can help in identifying trends more easily.
Trailing Stop Calculation: The ATR trailing stop is dynamically calculated. When the price is above the trailing stop level, the bot identifies a bullish trend, and when the price drops below, it indicates a bearish trend.
Signal Generation:
- Buy Signal: When the price crosses above the ATR trailing stop level, indicating bullish momentum (buy arrow).
- Sell Signal: When the price crosses below the ATR trailing stop level, signaling a potential bearish reversal(sell arrow).

3. Strategy Logic and Implementation

The strategy’s primary goal is to detect trend shifts and confirm them using both volume-based and price-based signals. The combination of KVO and UT Bot provides a dual-filter approach:

KVO Crossovers: Crossovers of KVO with its signal line are used as preliminary trend signals.
UT Bot Confirmation: The UT Bot’s ATR-based trailing stop confirms whether the trend has sufficient momentum for a trade. A buy signal is generated when KVO is bullish, and the UT Bot confirms with an upward crossover (buy arrow). Conversely, a sell signal occurs when KVO is bearish and UT Bot indicates a downward crossover (sell arrow).

Summary

This strategy leverages the strengths of volume analysis with KVO and trend analysis with the UT Bot, providing a balanced approach that can be particularly effective on 15-minute charts. By combining these two indicators, traders can capture early trend reversals and use ATR-based trailing stops to manage risk effectively.

This dual-indicator approach could serve intraday traders seeking to improve accuracy in trend detection and trade timing. Fine-tuning parameters based on market conditions (like volatility) and backtesting across different periods can further optimize its effectiveness.

Note: An effective way to use this system is to follow only the signals with the largest histgram.

Kingler Volume with UT Bot Alerts

Klinger Volume with UT Bot Alerts.txt

Text Document 5.7 KB

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Comments: 0

Simple 1 min Scalping

1 min scalping system MTF

Submit by Maximo Trader 25/01/2012

Simple 1 min Scalping is based in two exponential moving average and MACD MTF with time frame 30 min.

Currency pair:majors

Time Frame 1 min

Forex Indicators:

50EMA Smoothed;

20EMA Smoothed;

Max MACD in color TF 30.

Long Entry:

20EMA>50EMA and MACD>0;

Short Entry:

20EMA<50EMA and MACD<0.

Best Entry on retracement on the 20EMA level.

Exit 2 options:

1) opposite condition (with 15 pips stop loss) ;

2) Profit Target 25 pips, and Stop Loss 15 pips (Ratio 1:1.5).

In the picture simple 1 min scalping system in action.

Comments: 2

#2
Hamood (Wednesday, 30 April 2014 06:43)

In the Procedure It is mentioned that the MACD shall be >0 or <0 for entry, but in the example charts the entry is made only on MACD lines crossover not on the zero line cross. Please confirm which one to follow ?
#1
Forextradingstrategiesresources (Thursday, 13 June 2013 03:16)

this strategy is not for beginners