Percentage Price Change

% Price Change

The ”% price change” filter checks how much the price of an asset has changed over the selected timeframe and allows the bot to enter a trade (or not) depending on this condition.

This is useful for:

• protecting against entering at the peak of a sharp rise,
• preventing trades from being opened during a strong downtrend,
• filtering out impulse movements.

Without specifying a custom value, the filter works as ”% price change, Greater than 0”.

To set your own filter parameters, click the Pencil button in the settings.

Example conditions

1. % price change, 15 minutes, greater than 5 The bot will enter a trade after the green 15-minute candle closes if it rises by more than 5%.

2. % price change, 5 minutes, greater than 1 The green 5-minute candle closes with a rise of more than 1% → entry signal.

3. % price change, 1 minute, less than -1.5 The red 1-minute candle closes with a fall of more than 1.5% → entry signal.

4. % price change, 1 minute, greater than -1 Red 1-minute candle drops less than 1% → entry signal is allowed; green candles are unlimited.

Trade Entry Limitation

This filter is useful for cutting out unwanted signals:

• To prevent the bot from opening a trade during a sharp rise (protection against buying at the peak): % price change, 1 minute, less than 0.5 → If the candle grows >0.5%, the bot will skip the entry.

• To prevent the bot from opening a trade during a sharp decline (protection against opening or averaging in the middle of the drawdown): % price change, 1 minute, greater than -0.5 → If the candle falls deeper than 0.5%, entry will be blocked.

Using as Exit Condition

Tip

The filter can be used as a replacement for a Trailing stop. For example: % price change, 1 minute, less than 0 + Minimum PnL. In this case, the bot will close the trade after the first red minute candle if the profit has already reached the minimum value.

% price change over N candles

Another filter option is to check the price change over several consecutive candles. You can select the number of candles: 5, 10, 20, 30, 50, or 100.

This helps take into account not only a single sharp movement but also the accumulated trend.

Click the Pencil to set the parameters.

Example

You need to open a trade if the price has fallen by 3% or more in 10 minutes. To do this, use the ”% price change over 10 candles” filter with a 1-minute timeframe.

Using in Veles Bots (Flexible Indicator)

This indicator is a custom case of the “Rate of Change” indicator.

The % price change is the Rate of Change with a period of “1” compared to a constant.

The % price change over N candles is the Rate of Change with a period of “N+1” compared to a constant.

Available settings of “Rate of change”:

• Period - the number of candles for calculation. The default value is 9.
• Interval - the candle timeframe.
• Method - the calculation type. By bar close (only on the selected interval) or by minute (once per minute for any interval).
• Shift - shifts the requested indicator value back by the specified number of candles.