◊ Introduction 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.
Release Notes
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◊ Adjustments Stratergy() call line updated
Release Notes
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Release Notes
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◊ Adjustments - 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.
SCRIPT IS INVALID - Beacause of lookahead data given by the security() command. It repaints.
An update will be posted next week with a fix.
Expect a much lower profit factor.