Guide
How does the HULL SUIT ,VORTEX,VOLUME OSC strategy work ?
This TradingView strategy, known as HULL SUIT, VORTEX, VOLUME OSC, employs a combination of three indicators to signal entry points for trades. Here's how it operates:
- The Hull Suit serves as the primary trend indicator. To consider going long, the price must be above the green Hull Suit line.
- The Vortex Indicator helps to identify the strength and direction of the trend. For a long position, there needs to be a bullish crossover, where the blue line crosses above the red line.
- The Volume Oscillator measures trade volume momentum. The oscillator should be above zero to confirm a long trade or validate a short trade signal.
- For a trade to be entered, these conditions must be met simultaneously. The stop loss is positioned below the most recent lower low. The target is set with a risk to reward ratio of 1.5.
- For a short position, similar conditions apply but in reverse. The price should be below the red Hull Suit line, and a bearish crossover on the Vortex indicator is needed, where the red line crosses over the blue line.
The strategy allows traders to assess and decide on potential long or short positions in the market, guided by the combination of trend direction, momentum, and market volume provided by the indicators.