Davidova Strategy / Owl of Profit

Davidova Strategy

This comprehensive trading strategy is designed to combine various technical indicators, offering dynamic trend analysis, support/resistance detection, and signal generation.

Features
EMA (Exponential Moving Averages):

Two EMAs (13 and 21) dynamically adjust their colors based on trend direction.
Rising trends = green, falling trends = red.
Hull Moving Average (Optional):

A smooth trend indicator for improved visual clarity, adjustable via settings.
Support/Resistance Levels:

Automatically detects key support and resistance levels based on recent highs and lows.
Plots these levels for better decision-making.
Candle Body Resistance Channel:

Highlights resistance levels using recent candle closes.
Ideal for spotting potential breakout or reversal zones.
Signal Generator:

Generates BUY and SELL signals using higher timeframe open and close price crossovers.
Strategy Logic
BUY Condition:

Triggered when the higher timeframe's close price crosses above its open.
SELL Condition:

Triggered when the higher timeframe's close price crosses below its open.

Exit Logic:
Positions are exited based on trend reversals or opposing signals.
Customization
Timeframe:

Default set to 12-hour candles (720).
Adjustable to fit different trading styles.
Indicator Settings:

EMA Lengths: Default 13 and 21.
Hull MA Length: Adjustable via user input.
Candle Body Resistance Channel:

Optional feature to visualize price channels.
This strategy is perfect for traders looking for a holistic approach to technical analysis, combining trend detection, support/resistance zones, and customizable signals.

Visit my website for more tools and strategies: bybitindicators.com

Happy Trading! 😊