Larry R. Williams explains this strategy in his book "Long-Term secrets to Short-Term trading", it consists of using two 3-period EMAs, one representing the Highs and the other the Lows. When the price falls below the 3-period Lows EMA we have a long signal. The trade is closed when the price closes above the 3-period Highs EMA .BINANCE:BTCUSDT
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Larry R. Williams explains this strategy in his book "Long-Term secrets to Short-Term trading", it consists of using two 3-period EMAs, one representing the Highs and the other the Lows. When the price falls below the 3-period Lows EMA we have a long signal. The trade is closed when the price closes above the 3-period Highs EMA . UPDATE 06/11/2021: No more Repaint.
With the backtesting feature, this strategy is nearly perfect... like 99% accuracy. Does the script repaint at all???
DragoLite
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@prodtmpfinance, Code line 11 to 14 should avoid repainting.
prodtmpfinance
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@DragoLite, hey so this past week I marked out every buy entry with a horizontal line, when I would check back in a couple of hours, the buy entry would always move away from the its original marked out place. Im 100% sure it still repaints.
DragoLite
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@prodtmpfinance, I've tested the same way you did and got no repaint at all. Make sure you always use the same timeframe and also set it in the strategy settings tab, otherwise the entries will be different.