CoffeeShop Crypto 10 / 28 SMAs
A lot of times you guys have heard me talk about the 10 / 28 strategy. It is a strategy that I use on high time frames mid time frames and low time frames and works wonderfully for finding liquidity rejections and continuations of trends.
This is a really simple moving average indicator that will plot out the 1028 strategy for you and I want you to notice that it is not just a 10 period moving average and a 28 period moving average because the slow moving average is actually calculated by part of the value of the fast moving average.
Since it would be more complicated to do the math for it and show you guys how to do it I Simply put it into the indicator and if you want to test it out you can take your slow moving average and change the value and you will see that it will adjust two of the moving averages. But if you change the fast moving average you will see that all of the moving averages from that point are adjusted.
HOW TO USE THIS:
This indicator has one white line which is your fast moving average which is your short term trend.
This indicator has a red moving average which is your long term trend.
In the middle of these two you will see a liquidity trend line that is automatically plotted based off the values of the fast and slow moving average.
When price needs to continue moving in the direction that you would like it to it needs to seek liquidity from time to time so when you get a rejection of this liquidity trend line you have a strong continuation in the direction of the previous trend.
LONGS:
You wanna find your entries as you are breaking above the fast moving average. Keep in mind at times you can scalp when you break this moving average with price because price action is telling you that you are going faster than the fast term trend.
So just because you're moving averages are upside down does not mean you cannot go long on your trades.
SHORTS:
The same applies for when you are going short. You can wait for price action to break below the white line even though your moving averages are right side up as long as you are paying attention to price action and the current trend you know that you can get back into that short trade.
CONTINUATIONS:
gift for example your price action has been in an uptrend you can see that your price comes down breaks below the white line and gives you a Wick rejection of the midline which is a liquidity rejection. At this point you can see that price action simply needed to gain liquidity in the market. It sought it out. Grabbed it and it should be continuing into your long term trade.
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Added ability to change line width
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Comments 155
hi ERik thank you for granted me permission to use the indicator, I can see the code just don't know how to add to tradingview
Add it to your pine editor window
Hi Eric.
I've been using your Algo and BBP for some time. with reasonable results, and I expect nothing less with the use of 10/28.
However, the one thing that keeps bugging me (or makes me hold a position little too long) is my inability to use your RSI formula correctly.
The reason I'm writing in this subforum is because I just watched the youtube clip for this 10/28 indicator.
In that video you use the RSI formula to set the take-profit level for the first long position, and then you add four more positions but doesn't change the take profit level.
So, my question (and what seems to be my problem) is why didn't you set at new take-profit using RSI formula for the other positions?
It seems that the formula works wonders when you hit just the right entry, but what makes the first entry the right one?
Sometimes you miss the first entry but see the potential and wanna get in, perhaps at the second or third entry in your video. There is still profit to make, but if you use the RSI-formula to set your take profit from that point instead you will overestimate the potential and hold the position for too long.
OOO... long post.. sorry 'bout that
So the RSI formula was developed during my swing trading days. it gives you the EXTREME of the move of the market.
As the market gives you the initial entry, you can see how far its about to go. Use an ATR value to go plus or minus a few $.
This initial move is the market using a TON TON TON of force to switch the trend.
As the new trend beings moving, other participants (conservative traders) get into the market and create more smaller pushes.
These are the secondary and tertiary entries you are finding. They are of less "Gas" so they give you a smaller return overall.
Its fine if you catch these as they are safe moves.
THe initial one however is like a way of telling you "hey, this is your range. dont go beyond this area no matter what you see"
Yes i know, there are ways of breaking this range and then adjusting the RSI formula TP to much higher reutrns like
rr of 1:2, 1:3, 1:4, 1:6, 1:8, 1:12
but this is for REALLY big timeframes with a super top down analysis. I use this frequently. Its not something i can teach to easilyl so for now,
stick to the 1:2, 1:3 and youll keep returns.
Hey man, i think i got what you asking about. if you dont want to change timeframes for higher ones to make analisys there, imagine a situation where your TP is calculated with rsi formula and have TP level between 1:2 and 1:3. You close more than half or half of position (i like to cut 5 percent out of calculated profit with rsi formula and set TP like author said to cut few bucks) and if you pretending to see continuation in price move, try to find price momentum without retracement (it is not one candle in your trading timeframe) and go for calculation with rsi formula on HTF(it is not often so obvious), where you will calculate one candle that contains momentum without retraces. Also drawing 2 trendlines (signal is fastest slope and second is not so fast) with rules of Victor Sperandeo (trader Vic) can help you to keep optimal trend without changing timeframe. Practice a little with them and you will see that rsi formula with TP higher than 1:3 works well with them. AND YES dont go for supermaximum profits with your full position. Even if you having such demand in this ,dont hurry/// after first profits were taken, price movement back to the zone is your indicator of what is going to be next. And also try coffee break indicator because it is so connected to market structure, watch explanations of author/// he explains how indicator works, but also look for price candles. Correlation between this indicator and "buy\sell zone in reversals" and tight zones of "orderblocks" is something ive never seen before
Thanx mate.
I'll look into that.
If you wanted to get the result from a higher timeframe, why not just change the RSI value to a higher number to do your analysis after a breakout and then switch it bacK?
and if you trade oil futures, you can use 1.5-2 dev of monday range of a weekly vwap. if you add it on your chart, you will understand how it works for TP. this can also help for adding more to your position after price retraces. this works well after trending week or weeks. this works best in oil, but you can try to find another asset to use it
same with quarter vwap
Hello rules read. Could I get access?
All signed up and rules understood.Thanks bud👍
Hi Eric. Please grant me access.
Can you give me access to the reupload 10/28?
And RSI KZ Caffeine from the video from this indicator is also available ?
kill zone is not available
Can't find it in private invite
Edit : all good got the code
Requesting access. Thx.
Could you give me access, Thx.
so far what i really like is how prices does gravitates to the lines and respects it.
yeah same, I've seen the price bounce off the middle 'liquidity' line and continue in the same direction multiple times now, which is really useful
Wow, can I have access please?