PROTECTED SOURCE SCRIPT
Camelback Technique
Camelback Technique
As seen on Joe Ross’ trading manual. This strategy uses a moving average channel of highs and lows and an exponential moving average to define the trend.
Long
Price is above the 40-period simple moving average of highs
Slope of 15-period exponential moving average is not flat or negative
Wait for a bar with a lower low (signal bar)
Buy one tick above signal bar
Short
Price is below the 40-period simple moving average of bar lows
Slope of 15-period exponential moving average is not flat or positive
Wait for a bar with a higher high (signal bar)
Sell one tick below signal bar
References:
[1] Joe Ross, Trading Manual, Tips, Tricks, Strategies and Tactics for Traders
[2] forexsb.com/wiki/trading/camelback-technique
As seen on Joe Ross’ trading manual. This strategy uses a moving average channel of highs and lows and an exponential moving average to define the trend.
Long
Price is above the 40-period simple moving average of highs
Slope of 15-period exponential moving average is not flat or negative
Wait for a bar with a lower low (signal bar)
Buy one tick above signal bar
Short
Price is below the 40-period simple moving average of bar lows
Slope of 15-period exponential moving average is not flat or positive
Wait for a bar with a higher high (signal bar)
Sell one tick below signal bar
References:
[1] Joe Ross, Trading Manual, Tips, Tricks, Strategies and Tactics for Traders
[2] forexsb.com/wiki/trading/camelback-technique
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.