For anyone looking into the indicators please have in the source below where the logic behind the indicator is nicely explained also the source of the inspiration of me coding it in tradingview.
The strategy will not work profit factor is too low. But I really like your indicator ! Good job ! Thumbs up !
QuantTherapy
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@VGNOMICS, You were saying :) I am personally a fan of much simpler strategies with a max of three parameters. Also, you need to test it on 30-40 tickers then we can acknowledge the hypothesis that it is inferior to buy and hold :)
But a member asked me to convert it into a Backtest for him so I did take the challenge :)
Cheers mate !
Prozbot
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@QuantTherapy, Haha, good one! We agree with you, more parameters will result in less buy/sell signals. This can increase the profitability, but once market conditions change the strategies start to lose more than strategies based on less parameters. They can survive more and most market conditions.
We will follow your work!
Good luck my friend!
michaelmakohm
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@Prozbot, ich glaube Du irrst Dich. Ich würde diesen Indikator aber nicht allleine benutzen. Mein Tip: nutze Trendlinienbrüche als Ausstiegssignal.
mohseninjas
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tnx man
mr_did
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Good
Pointofview001
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Hey,
This looks good indeed :-). a question this back tested version with buy/sell indicators are relatively at a lag as compared to the earlier version where the short term could be leveraged on scalping etc. is it because of double confirmation and 200 EMA ? is there a way to have similar alerts/indications earlier on the time line