Chaloke System Strategy by ceyhun

trendanalysis movingaverage billwilliams chaloke system strategy chalokesystem chalokestrategy

Chaloke System Strategy
This is a trend indicator
Atr and 3 moving averages are used
Short 9-day moving average,Medium 15-day moving average,Calculated with a long 24-day moving average.
Atr period : 5

Sht,Mid,Lng calculation method is different

Buying Strategy
long = crossover(Sht,Mid) and close > Sht

Selling Strategy
short = crossunder(Sht, Lng ) or close < Lng

Buy should be done when the barcolor turns green
Sell should be done when barcolor is red
When the barcolor is black, there may be change.

Release Notes:

bugs fixed

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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