OPEN-SOURCE SCRIPT
Updated Demeter Strategy
Demeter Strategy is Stochastic oscillator (5 3 3) and SMA (60) system with small modification.
This strategy has 6 signals.
(These 6 signals can be used in every market.)
Main signals :
Green Call : Call (Buy)
Reg Put : Put (Sell)
Secondary signal :
Yellow Call : Call (Buy)
Orange Put : Put (Sell)
Fast signal :
White Call : Call (Buy)
Gray Put : Put (Sell)
In trading, any signal can be used.
This strategy has 6 signals.
(These 6 signals can be used in every market.)
Main signals :
Green Call : Call (Buy)
Reg Put : Put (Sell)
Secondary signal :
Yellow Call : Call (Buy)
Orange Put : Put (Sell)
Fast signal :
White Call : Call (Buy)
Gray Put : Put (Sell)
In trading, any signal can be used.
Release Notes
Add Call & Put fast more signal to find the positions easier.
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 publications is governed by House rules. You can favorite it to use it on a chart.
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