HPotter

Combo Backtest 123 Reversal & Dynamic Pivot Point

This is combo strategies for get a cumulative signal.

First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.

Second strategy
This Pivot points is calculated on the current day.
Pivot points simply took the high, low, and closing price from the previous period and
divided by 3 to find the pivot . From this pivot , traders would then base their
calculations for three support, and three resistance levels. The calculation for the most
basic flavor of pivot points , known as ‘floor-trader pivots’, along with their support and
resistance levels.

WARNING:
- For purpose educate only
- This script to change bars colors.
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Comments

Hi @HPotter thank you for sharing your wonderful work once again. I tried this indicator on ETH-USDT on a 5m chart and it gave me good results, so I created a version with alerts. Now, when I create my alerts I receive a warning message from Tradingview stating to be careful as the indicator might not function as expected. Does this indicator repaint?
Reply
HPotter juannoguerol
+1 Reply
Good strategy, I will try to apply trailing take profit and stop loss on it.
Could you please let me know what exactly happens when TRADE REVERSE is triggered?
Does it mean the longs will be opened instead of shorts or something else?
Reply
MoneyButton MoneyButton
Question removed, I see what it is now
+1 Reply
HPotter MoneyButton
@MoneyButton, Good )
Reply
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