Next-gen buy-sell signals
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Three(3) indicators
Freestyle indicators
Contains the Freestyle RR Box, the Freestyle MACD and the Freestyle Trend backdrop indicator
Welcome to the innovative world of trading made simple with the Freestyle Trading indicator set. Developed to empower traders with a versatile toolkit, Freestyle Trading offers two distinct yet synergistic components that can revolutionize your trading strategy. Crafted for adaptability and precision, this proprietary indicator set opens doors to insightful analysis and confident decision-making.
Description
At the core of Freestyle Trading lies a proprietary version of the Moving Average Convergence Divergence (MACD) indicator, designed to enhance responsiveness and accuracy. This sophisticated component leverages an exclusive calculation methodology that outpaces traditional MACD by utilizing a unique data source.
How can the indicator be used?
Analyze momentum responsively
Identify Smart trend zones
Setting versatile entry conditions
Setting R/R parameters
Juan Jacobs
Developer
(FX Automate)
With a BSc in Business Information Technology, Juan traded a 7-year career as a Systems Analyst for full-time trading. Through logic and methodology, Juan's created numerous successful trading systems and indicators. His contributions to ProRealTime are a testament to his expertise, making him a respected figure in the community.
Release date
Sept 2023
Market
Which ever
Full description
Responsive Momentum Analysis (Freestyle MACD)
At the core of Freestyle Trading lies a proprietary version of the Moving Average Convergence Divergence (MACD) indicator, designed to enhance responsiveness and accuracy. This sophisticated component leverages an exclusive calculation methodology that outpaces traditional MACD by utilizing a unique data source. Through this innovation, Freestyle Trading captures market momentum with unparalleled sensitivity, unveiling shifts and trends that might go unnoticed by conventional tools.
Tailored Entry/Take Profit/Stop Loss Strategy (Freestyle R/R)
Freestyle Trading introduces an intuitive Entry/Take Profit/Stop Loss box directly onto the price chart, seamlessly integrating vital trading parameters into your visual analysis. Tailor your strategy with customizable options, such as setting the MACD parameters, Take Profit and Stop Loss factors. Effortlessly assess risk and reward ratios while defining precise levels for entry, profit-taking, and risk mitigation.
Smart trend zone identification:
Freestyle Trading goes beyond conventional trendlines. With the inclusion of the Smart Trend Zone, this indicator set intelligently separates trends into distinct zones on the price chart. By determining whether the price is trading above or below this boundary, you gain instant insights into the bullish or bearish nature of the prevailing trend.
Versatile entry conditions:
Empower your trading approach by toggling up to four sets of entry conditions. Freestyle Trading incorporated a wide range of trading approaches, being sure to provide traders with plenty of trading opportunities.
Experience the freedom:
Freestyle Trading liberates traders from the confines of conventional indicators, offering a fresh perspective on market dynamics. Embrace its proprietary MACD variant for refined momentum analysis, create a personalized trading strategy with the Entry/Take Profit/Stop Loss box, and effortlessly gauge trend shifts with the Smart Trend Zone. Freestyle Trading isn't just an indicator set; it's your passport to adaptable and insightful trading.
Unlock the power of Freestyle Trading today and experience trading with newfound freedom and confidence.
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Technical information
Indicator settings
ROCPeriod, MACDFast, MACDSlow and MACDPeriod are all standard parameters used to configure the proprietary FreestyleMACD on which the different entry signals are based.
TrendLineSensitivity provides additional control over the SmartTrendZone by adjusting the weighting of the averages used to calculate it.
TPFactor controls the size of the Take Profit level
SLFactor controls the size of the Stop Loss level
RangeLookback controls the calculation period for some of the main components of the strategy
TrendSignal1 through TrendSignal5 toggles the various Signal modes on or off for plenty of trading styles and opportunities. Each signal is based on a unique set of criteria for auctioning signals.
ExtendedTP This controls an optional Take Profit level based on any factor preferred by the user. Using a value of zero disables this level
InvertSignals Flips around the standard buy and sell signals for contrarian trade setups)