A simple script I wrote that allows you to look at the posture of a moving average. Rates of change can be useful to understanding momentum. Additionally, I have included a signal line so you can see if the posture is more or less than average.
This is only a slight modification to the existing "MACD Strategy" strategy plugin!
found the default MACD strategy to be lacking, although impressive for its simplicity. I added "year>2014" to the IF buy/sell conditions so it will only backtest from 2015 and beyond ** .
I also had a problem with the standard MACD trading late, per se. To that end I modified the...
Bitcoin as an alternative to capital outflows, with a market cap of just 2 billion can easily be up by multiples from the outflow of yuan from mainland China alone.
People simply do not want yuan if their purchasing power is going down over time.
Current methods of taking capital off mainland China via overseas cash withdrawals are quickly being closed out by...
use this like a oscillator (for example RSI)
each time a indicator and condition is bullish it adds +1 if is not then it takes -1
i used the most used value for SMA but anyone can add more to have a rainbow/ribbon
(iff(sma(close,30) >sma(close,30) ,1,-1))+
(iff(sma(close,40) >sma(close,40) ,1,-1))+
to have bars instead of a red...
if the line is red mean the majority of the conditions are turning bull and a possible drop can happen so in a way this is a contrarian indicator
this works only into uptrend on down trend the line will be always yellow
use trend lines and channels to determine trends for example
to increase sensibility lower the "10" to 8 or 7
These Bollinger Bands are exponential because the variance is calculated using the exponential moving average, rather than just adding the normal standard deviation to the ema. This may be more useful because the exponential standard deviation should be more sensitive to near term increases or decreases in volatility.
Please do not forget that Bollinger Bands...
I've been working on a top and bottom picker script over the past couple of weeks, based on RSI of multiple timeframe closing price. It've been a pretty good trading system that's tested over the last meteoric rise from 220~270 and back down to 230 right now, and I think it should be released to the community.
Sure, I'm not worried about this strategy not working...
You also need to add a MA30 to the chart and set a timeframe of W on FOREX and others and H4 or D for BTCUSD.
Buy: when MA30 changes from downtrend to uptrend, price is over MA30 and magarto indicator shows a crossover in the top.
Sell: opposite scenario
Update 1: Sorry, for LTCUSD it didn't work. I used the wrong chart when I published it so check it in BTCUSD.