Elegant Oscillator Backtest [loxx]

Elegant Oscillator Backtest [loxx]: John Elhers Elegant Oscillator from TASC's February 2022 edition of Traders' Tips.

Backtest for this:

What is it?
Normalized, Inverse Fisher Transform that oscillates between -1 and 1

How does this help me?
Helps the trader identify reversions to the mean

Backtest Features:
-Baseline filtering. 10+ moving averages to choose from
-ATR qualifier boundaries above/below the selected baseline
-1-3 take profit levels with stop loss
-Trailing take profit using ATR offset
-Post Signal, Baseline Cross signals
-Continuation Longs and Shorts
-Regular Longs and Shorts
-Backtest date ranges
-Ability to change how much is removed from trade at each take profit

*** Make sure the take profit % removed adds up to 100% between the number of TPs selected

Release Notes

No updates, just linking the core indicator to match the strategy signals. Here it is:

Release Notes

Updated backtest rules to delay take profit activation until entry bar close.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

loxx

Public Telegram Group, t.me/algxtrading_public

VIP Membership Info: patreon.com/algxtrading/membership

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

loxx

Public Telegram Group, t.me/algxtrading_public

VIP Membership Info: patreon.com/algxtrading/membership

Also on: