Update v.1 sniper rishijay trading system new arrow in arsenal

Thank you Brijesh. May i ask what indicators i have to put in download subfolder?

Hi Brijesh... Templet is working thank you

This is EURUSD 30 min and how I made the settings of atr-bands or the newer keltner version years ago. I did not change it like many ea programmer make their work fit today's volatility to show better backtest results. These bands work on every timeframe. Watch the thicker brown bands on Longs:
Exit half after outbreaks or at upper band, because prices are overbought, change sl for a bigger target from the thinner bands to the bigger lines.
See how the bands work as flexibel support and resistance lines based on actual volatility.
Best is, it filters ranges to avoid trading.
Make your tests by scrolling many pairs back, which values would you use for the bands?

Hi friend4you can you please attach indicators and templet?

hello,
friend4 you,

i do use bollinger bands to identify ranging markets with sniper rishijay system but have not experimented with keltner channels much especially with multitimeframe settings so far.

so will try to check out with keltner channel with sniper rishijay system.

if you have any suggestions regarding settings of keltner channel with sniper rishijay system do suggest, as i think you will be right person to suggest better settings of keltner channel with sniper rishijay system because you are using it since long so have better idea of keltner channel.

i will be happy to test that settings of yours of keltner channel in live markets with sniper rishijay trading system.

thanks for your suggestions.

You can see the settings in this post.
https://www.forexfactory.com/showthr...3#post10295783
Using indicators in multi-timeframe-mode (mtf) does not help much, because last lines will change until higher tf closes its candle, but it's an option. I suggest to choose for the thicker line just higher settings. Because we should discuss both settings, it would be good, if many here make their homework and post their settings, that fit these rules I posted yesterday. For example to change sl after tp1 to a wider level to get most of the move. It should give additional information to the thiner line of the longer trend. There are no best settings. Later I may post also my second settings, but I don't want that we are just copying me. I post the little faster keltner indicator "atr bands", but the standard settings are not as good.

Why are for you the xps trendbars better better than other colored bars like ob? How do you interpretate the combination in your templates? The snipers MA is just a colored MA.
I think the macd averages has more settings. EMA is fast, but an indicator should also be slow and adaptive, that means such indicators behave more or less fast depending on the last bigger waves of the charts. This feature is included in mladens second band indicator with also filters, that ignores smaller changes. But higher values than 1,5 change the middle line in steps at some places. Try averages - mtf - alerts 8.3 - atr bands.ex4, it is similar to that keltner, I posted. But the name is not correct, keltner did not use atr, just standard deviation. There are many books about the german bollinger like trading breakouts (the posted keltner can alarm after a candle outside the channel, where also a good trend can start). His bands spreaden on strong trends in both directions, that's not usable for smaller sl at the lines. That's why I prefer the newer versions. On mobile devices, you can use bollinger sma 13 and deviation 1,5, which is similar and better than the standard 20 1,5.

I think, this thread should get more attention, because we all can benefit from opinions or indicators of others.

Hello,
friend4you,

reason for using xps trendbars for color coding is that, i wanted to visualise pullback candles to book part profit in an ongoing trending market.

i tried many indicators like obotrend bars, moving average color bars, hama system bars, pallada bars etc, but found xps trendbars the fastest.

see the image attached below where i have marked candle with color change with rectangle , this are part profit booking candle if you do not want to be greedy. i found this candle appearing fastest with xps trend bars.

infact in previous older version of sniper rishijay system i had overlapped obotrend bars for similar color candle for profit booking , that i found bit slower then xps trendbars, so i reverted to xps trendbars.

for part profit booking i see immediate lower timeframe , if in lower time frame sniper rishijay system is generating sell signal and if current time frame is showing color change on price bar as is shown in attached image( in rectangles drawn) then i book part profit .

that was the reason for creating colored price bars with xps indicator for immediate visualisation.


also supertrend indicator with settings - nbr-10. multiplier-1.7 gives me faster exit with this xps color change on candle and this supertrend settings matches with xps color bar change also,

i used bollinger bands as overtime i found it gives indications of ranging market comparatively earlier then other channel indicators. but now needs to test keltner channels as per your settings.

i used sniprer ma as i wanted to create border of cloud and that also changes color for partial profit booking with coloring of price bars.
so color change on sniper ma with change of color of price pars gives me idea about partial profit booking.

so above and over this system indicators, super trend, bollinger bands and 200 ema these three extra indicators i use help me in exit and to find range and trend.

Thank you friends4you and Brijesh... friends4you can i ask what is ob indicator? and can you post that here and if possible with an image.

HERE is EA with dashboard for setting automated stoploss, buying selling and for partial profit booking from screen.

see the image attached

{ virus risk deleted by staff }

hello, friend4you,

averages - mtf - alerts 8.3 - atr bands. indicator that you posted looks really useful with sniper rishijay system.

see image below . thick line is your posted indicator.