This strategy uses NYSE McClellan summation Index as an input for Stochastics to produce Buy/Sell signals. Buy signal is produced when Stochastics K Line Closes over 50, and Sell signal when closes under 50.
Nice addition to the library. Stochastics are misleading unless those using it are proficient at cycle analysis. In my opinion, TSI, True Strength Index offers far superior output. :)
liten
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@cooney_s, Hey Cooney! Thanks for the suggestion ! this got me interested, I have a love -hate relationship with the Stochastics
My experience is that it is
- more correct going upwards than downwards
- works better in longer time frames and worse in shorter ones
sometimes it leads me astray completely
what is the advantage of the TSI over Stochastics in your opinion?
- on which timeframes do you use it and with which settings for 1 m, 3 m 1h, 4h, etc.
Thanks
L
This strat is only meant for daily timeframe... McClellan summation index is an EOD data point
PGX-X
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Unsupported Resolution Error on all time frames won’t load ! Please fix buddy love your work ... Also trying to find an FSTO and nobody seems to make one with the classic defaults that Webull makes for their FSTO . It’s simple but I do not do pine script ;)
dpanday
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I can't see any signals on any pair
genkir
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How to make it work with another resolution?
imranikhan
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Thanks for sharing Rolando. Let me know if there's any way I can contribute/donate to you or charities you support