This System was created from the Book "How I Tripled My Money In The
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 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 Fast Oscillator is higher than 50.
The ( ) is a momentum oscillator for .
measures the difference between two volume-based moving averages as a
percentage of the larger moving average. As with and the Percentage Price
Oscillator ( ), it is shown with a signal line, a histogram and a centerline.
is positive when the shorter is above the longer and
negative when the shorter is below. This indicator can be used to define
the ups and downs for , which can then be use to confirm or refute other signals.
Typically, a breakout or support break is validated when is rising or positive.
- For purpose educate only
- This script to change bars colors.
USDT (TRC20): TH29EEXa19vfwZNYvxdUuMxoFY5QDYLcWG
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.