Tutorials For The Perfect Momentum Strategy + Indicator

Indicator Tutorials are at the bottom of the page.

Feel free to contact us if you need additional help on using the Strategy or Indicator!

Strategy Video Instructions

How To Use The Properties Tab

How To Use The Style Tab

How To Use The Dates and Stochastics Settings

How To Use The Ultimate Oscillator Settings

How To Use The PPO Oscillator, RSI, and CRSI Settings

How To Use The Market Regimes Settings

How To Use The Entries and Move Stop on Exit Settings

How To Use The Position Sizing and Multipliers Settings

How To Use The Stop Loss Settings

How To Use The Take Profits Settings

How To Use The Entry and Exit Filters Settings

Additional Details For The Perfect Momentum Strategy

Momentum Indicators:

Use any amount of momentum indicators (stochastics, ultimate oscillator, PPO Oscillator, RSI, CRSI) by themselves or combine them with any other setting of any other indicator.

Ignore Entries/Exits and Move Stop Exit:

Delaying Entries and Exits on Momentum based trades can greatly increase profits and results on your trading performance. 

The Move Stop Exit also solves the “Roofing” problem inherent to Stochastics and most momentum based indicators, where indicator values get stuck in either overbought or oversold extremes when price trends hard in one direction. 

By ignoring the exit and instead placing a stop loss underneath the ignored exit every time an exit occurs, The Perfect Momentum Strategy allows price to be trailed and solves the “roofing” problem.

CRSI (Connors RSI):

CRSI (Connors RSI) – An advanced momentum based indicator. This works well for spotting potential tops and bottoms and is also very good with mean reversion. Here is an article from tradingview explaining the Connors RSI in greater detail. 

CRSI Default settings are: 

CRSI Length: 4 (The amount of bars/candles to measure Connors RSI in. Increase for less sensitivity, decrease for more sensitivity. Max period is 4999 due to the tradingview limitation.

CRSI UpDown Length: 2 (Max period is 4999 due to the tradingview limitation).

CRSI ROC Length: 100 (The amount of bars/candles to measure CRSI Rate of Change in). Max period is 4999 due to the tradingview limitation.

CRSI OB Level: 85 (Connors RSI Overbought Level. Min-Max value is 0-100). Adjustable to the hundredths decimal for even greater precision.

CRSI OS Level: 15 (Connors RSI Oversold Level. Min-Max value is 0-100). Adjustable to the hundredths decimal for even greater precision.

Market Regimes:

This is based from Dr. Van Tharp’s System Quality Number theory. It is a quantitative way of measuring the market conditions and classifying them as either bull, neutral/sideways or bear markets, and if they are quiet or volatile. Here is a explanation from Dr. Van Tharp himself: https://youtu.be/Mz3PygyMi5I

Dr. Van Tharp’s calculations for market regimes are as follows:

Trading Market Regimes

Market Regimes Cross:

We take this one step further and add an exponential moving average crossover to the market regimes themselves so we quantify whether we are in a rising or falling regime. That way we only take longs when a market regime is in bull quiet and rising from 0.6 to above, and we only take shorts when a market regime is in bear quiet and declining from -0.6 to below.

Market Regime Cross may be one of the most advanced quantitative methods of trading the markets available today.

Stop Losses, Trailing Stop Losses:

INITIAL STOP LOSSES: You can use either fixed stop loss or ATR stop loss, but not both at the same time.

TRAILING STOP LOSSES: You can use a fixed trailing stop loss or ATR trailing stop loss only if you have an initial stop loss selected. You can use either fixed trailing stop loss or ATR trailing stop loss, but not both at the same time.

BREAKEVEN STOP LOSSES: Move Stop To BE will move your stop loss to breakeven once the candle has closed AND your trade is in profit. Initial Stop Loss at BE will place a stop loss immediately at your entry but if price moves underneath your stop loss before the candles closes you may be exited early.

CRSI STOP LOSS: You can use this by itself or with any other stop loss option. Whichever triggers first on the chart is where your trade will exit via stop loss.

Take Profit Settings:

“Use Take Profit” checkbox must always be selected to use any other take profit setting. You can use any take profit setting by itself, or in combination with each other. Whichever condition happens first on the chart will be your trade exit via take profit.

All other details are explained visually in the videos above.

If you have any questions after watching any videos feel free to contact us!

Indicator Video Instructions

How The Perfect Momentum Indicator Fully Automates Trading

How To Use The Perfect Momentum Indicator 

Additional Details For The Perfect Momentum Indicator

Use The Tradingview Alerts Message To Place Order Syntax:

This is how an order gets sent to your exchange. There are many services such as Autoview that enable this. If you use autoview use this coupon code below for 10% Off:

NANAT-1K3GM-K5WVG

All other details are explained visually in the videos above.

If you have any questions after watching any videos feel free to contact us!

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