CMYK XIAM
This is project XIAM, a trading bot based on SMA and RMI
◊ Origin
Based on 'The Relative Momentum Index' by Roger Altman : February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
While RSI counts up and down days from close to close, the Relative Momentum Index counts up and down days from the close relative to a close x number of days ago.
This results in an RSI that is smoother. The input has been changed to the change of a smoothed close multiplied by a smoothed volume .
In addition SMA is used to detect an up/downwards phase.
◊ Adjustments
CMYK color theme applied.
◊ Usage
Automatic trading strategy
◊ Future Prospects
Remove jitter.
Take Variance into account
Auto adjusting settings evaluated on previous placements.
Proper asset management.
Stratergy() call line updated
- Removed lookahead fault on security() call line.
- Added XSMA (Offset sma) for phase detection.
- Added several variables and differentiators to determine conditions for Short/long, and placement of limits.
- Cleaned script.
◊ Future corrections
- Trend adjustment on RMI needs fixing.
- Rewrite of Variance and Jitter on XSMA.
- Cleaning of naming syntax.
◊ Future additions
- Asset management section.
- Autoview section.
- Auto adjustment of settings on RMI with its INIT/LAR/END values.
- Trend adjustment on XSMA.
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact MVPMC directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact MVPMC directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.