VFI strategy [based on VFI indicator published by UTS] by mohanee

trendanalysis volumestudies vfi eemani spy vfi_indicator vfi_indicator_strategy

This strategy is based on VFI indicator published by UTS.

for the strategy purpose , I have added buy line and sell line to the indicator and tested SPY stock/index on one hour chart

BUY RULE
==========
1. EMA 50 is above EMA 200
2. vfi line is pulled down and crossing above -4

EXIT RULE
==========
1. when vfi line crossing down 5

STOP LOSS
=========
1. default stop loss is set to 5%

ALL the above values (Buy Line , Sell line and Stop Loss ) can be modified in settings window

Notes :
more details of VFI indicator can be found at and

Warning:
for educational purposes only

Open-source script

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