kyle algo v1 (kylealgo) / Owl of Profit remake

Kyle Algo v1 Strategy (kylealgo)

Big thanks to kylealgo for providing this versatile trading strategy! The Kyle Algo v1 strategy integrates a modified Supertrend indicator, Keltner Channels, and EMA Energy to deliver precise buy/sell signals with trend-following logic.

Features:
Modified Supertrend with Keltner Channels:

Uses a custom implementation of Supertrend based on Keltner Channels for dynamic support and resistance levels.
Sensitivity and ATR factor are fully customizable for adapting to market conditions.
EMA Energy Bands:

Plots a series of 15 EMAs with dynamic color coding to reflect bullish (green) or bearish (red) energy.
Trend Catcher:

Highlights EMA crossovers (short-term vs. long-term) for additional confirmation of trend direction.
Buy and Sell Signals:

Clear buy/sell signals generated when the price crosses the modified Supertrend line.
Labels and bar colors indicate market direction for easy visualization.
Entry and Exit Logic:
Long Condition:

Triggered when the price crosses above the Supertrend line.
Closes any short positions and opens (or adds to) a long position.
Short Condition:

Triggered when the price crosses below the Supertrend line.
Closes any long positions and opens (or adds to) a short position.
Visualization:
Supertrend Indicator: Dynamic lines with clear buy (green) and sell (red) zones.
EMA Energy Bands: 15 EMAs color-coded based on price action.
Keltner Channels: Provides additional visual cues for price range.
Bar Colors: Candles are dynamically colored based on Supertrend and EMA crossovers.
Alerts:
Built-in alerts for buy and sell signals to ensure you never miss a trade.

This strategy combines trend-following tools with dynamic indicators to provide robust trade setups. Use it for backtesting and further customization to suit your trading needs.

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

Happy trading!