TEMA OBOS Strategy 【Pakun】

📌 Overview
The TEMA + OBOS Strategy is an advanced trading strategy that combines the Triple Exponential Moving Average (TEMA) for trend-following and the Overbought/Oversold (OBOS) indicator for trade filtering.
This strategy leverages TEMA crossovers to identify trends and applies OBOS as a filter to improve entry precision.

💡 Main Objectives

Clearly determine trend direction (using TEMA)
Filter out overbought and oversold conditions (using OBOS)
Implement dynamic risk management (using ATR-based TP/SL)
This strategy is suitable for a wide range of markets, including Forex, stocks, and cryptocurrencies, and is best applied on mid-timeframes such as 15-minute to 1-hour charts.

📌 Key Features
🔹 Trend Analysis with TEMA (Triple EMA)

Generates entry signals based on ema3 and ema4 crossovers
Uses ema4 as the primary trend filter
🔹 Entry Optimization with OBOS (Overbought/Oversold Indicator)

up > down → Buy entry, up < down → Sell entry
Filters out excessive buying and selling conditions to improve accuracy
🔹 Take Profit & Stop Loss Based on ATR

ATR (Average True Range) multiplier is adjustable
Fully customizable TP/SL settings (default: TP = ATR × 2, SL = ATR × 1.5)
🔹 Customizable Parameters

TEMA Length (TEMA calculation period)
OBOS Length (OBOS calculation period)
Take Profit Multiplier (TP ratio)
Stop Loss Multiplier (SL ratio)
Show EMA? (Enable/disable TEMA lines)
Barcolor? (Enable/disable candlestick coloring)
📌 Trading Parameters
This strategy follows these trading rules:

✅ Long Entry (Buy)

ema3 crosses above ema4 (Golden Cross)
OBOS indicator confirms up > down (uptrend confirmation)
A long position is executed
✅ Short Entry (Sell)

ema3 crosses below ema4 (Death Cross)
OBOS indicator confirms up < down (downtrend confirmation)
A short position is executed
✅ Take Profit (TP)

Profit is taken when the price reaches Entry Price + ATR × TP multiplier (default: 2.0)
✅ Stop Loss (SL)

Loss is cut when the price reaches Entry Price - ATR × SL multiplier (default: 1.5)
📌 TP/SL values are fully customizable, allowing traders to fine-tune risk management.

📌 Risk Management Parameters
This strategy emphasizes flexible position sizing and risk control:

💰 Account Size: $7000
📉 Commissions & Slippage: Assumes 0-94 pips commission and 1 pip slippage
⚖️ Order Size: 10% of equity (adjustable as needed)

These settings help balance risk and reward while protecting capital.

📌 Visual Aids for Clarity
This strategy provides clear visual cues on the chart:

📊 TEMA Lines (3 EMA Levels)

Color change (Blue/Orange) indicates trend direction
ema3 (short-term) and ema4 (long-term) crossover signals
📉 OBOS Histogram

Green → Bullish pressure
Red → Bearish pressure
Blue → Potential trend shift
🔹 Entry & Exit Markers

🔼 Long Entry (Blue arrow)
🔽 Short Entry (Red arrow)
✅ Take Profit / Stop Loss Levels
📌 Originality & Enhancements
This strategy is based on the indicators "l_lonthoff" and "jdmonto0", with several improvements and enhancements.
While utilizing the core concepts of these indicators, we have optimized entry accuracy, improved visual clarity, and enhanced risk management features.

📌 Improvements & Upgrades
✅ Enhanced Trend Identification with TEMA (Triple EMA)

Uses ema3 (short-term) and ema4 (long-term) to detect trend shifts earlier
Reduces false signals and enables better trend-following trades
✅ Improved Filtering with OBOS (Overbought/Oversold Indicator)

Inspired by "jdmonto0", this feature filters overbought/oversold conditions for smarter trade entries
Reduces unnecessary trades and minimizes risk exposure
✅ Dynamic Risk Management with ATR (Average True Range)

Uses volatility-adjusted TP/SL levels instead of fixed values
Fully customizable ATR-based TP/SL multipliers (Default: TP = ATR × 2, SL = ATR × 1.5)
✅ Visual Enhancements for Clarity

TEMA lines change color dynamically to indicate trend direction
OBOS histogram provides an intuitive view of buying and selling pressure
Entry & exit markers make trades easy to track on the chart
📌 Summary
📌 TEMA + OBOS Strategy combines trend analysis and oscillators to create a powerful yet simple trading system:

Identifies trend direction using TEMA (Triple EMA)
Filters out noise and overbought/oversold conditions using OBOS
Applies ATR-based TP/SL settings for dynamic risk management
💡 Recommended for:
✅ Traders who prefer trend-following strategies
✅ Those who want a systematic, rules-based trading approach
✅ Users looking for a customizable strategy with strong risk management

📌 Try it out and backtest the results! 🚀

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📌 This strategy provides a structured, risk-managed approach to trading. Try it out and see how it performs! 🔥