GoombX v1.1 - A trend catcher

Oct 12, 2019

This is an MA and stoch RSI based indicator which looks for particular crosses to identify strong trends.

It produces clear signals for:

- LONG ENTRY when it detects a significant MA cross and the right stoch RSI conditions
- LONG EXIT when certain stoch RSI conditions are met
- LONG STOP when price moves x% below entry (default 10%)

- SHORT ENTRY when it detects a significant MA cross and the right stoch RSI conditions
- SHORT EXIT when certain stoch RSI conditions are met
- SHORT STOP when price moves x% above entry (default 10%)


In testing it it performed best on daily chart with a 14 days Lookback window and 10% stop loss


NOTE that a signal is only definitive once the trigger candle has closed



To setup an alert with GoombX, follow these steps:

- Set up GoombX on your chart with the desired parameters and Time Frame
- Click on alerts in the right side of the screen and then Add (+)
- Under Conditions, choose the alert you are looking for (LONG ENTRY, LONG STOP,....)
- Under Options, choose "Once per bar close"
- Create

Oct 13, 2019

Release Notes

Update 1.3:
- Changed the STOP print as a signal for a move the other way
- Tidied up the alerts (only 3 to set up now instead of 6: BUY, SELL, EXIT)

Net effect: more entry opportinities

Nov 18, 2019

Release Notes

Bug Fix:
- 0% SL now working as expected in all cases

Update:
- New Alerts prints ticker, exchange and price automatically
- Added 0.5% steps for SL