OPEN-SOURCE SCRIPT

Price Zone Oscillator + Average Directional Index [backtestx]

The strategy with PZO + ADX is:

In a trending market (ADX > 18):
  • PZO crosses over 40: enter long
  • PZO crosses under 60 from above: exit long
  • PZO crosses under -40: enter short
  • PZO crosses over -60 from below: exit short


In a non-trending market (ADX < 18):
  • PZO crosses over 15: enter long
  • PZO crosses under 40 from above: exit long
  • PZO crosses under -5: enter short
  • PZO crosses over -40 from below: exit short

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