Combo Backtest 123 Reversal & Fractal Chaos Oscillator 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
The value of Fractal Chaos Oscillator is calculated as the difference between
the most subtle movements of the market. In general, its value moves between
-1.000 and 1.000. The higher the value of the Fractal Chaos Oscillator, the
more one can say that it follows a certain trend – an increase in prices trend,
or a decrease in prices trend.
Being an indicator expressed in a numeric value, traders say that this is an
indicator that puts a value on the trendiness of the markets. When the FCO reaches
a high value, they initiate the “buy” operation, contrarily when the FCO reaches a
low value, they signal the “sell” action. This is an excellent indicator to use in
intra-day trading.
WARNING:
- For purpose educate only
- This script to change bars colors.
Chaos
Fractal Chaos Oscillator Backtest The value of Fractal Chaos Oscillator is calculated as the difference between
the most subtle movements of the market. In general, its value moves between
-1.000 and 1.000. The higher the value of the Fractal Chaos Oscillator, the
more one can say that it follows a certain trend – an increase in prices trend,
or a decrease in prices trend.
Being an indicator expressed in a numeric value, traders say that this is an
indicator that puts a value on the trendiness of the markets. When the FCO reaches
a high value, they initiate the “buy” operation, contrarily when the FCO reaches a
low value, they signal the “sell” action. This is an excellent indicator to use in
intra-day trading.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Fractal Chaos Bands Backtest The FCB indicator looks back in time depending on the number of time periods trader selected
to plot the indicator. The upper fractal line is made by plotting stock price highs and the
lower fractal line is made by plotting stock price lows. Essentially, the Fractal Chaos Bands
show an overall panorama of the price movement, as they filter out the insignificant fluctuations
of the stock price.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
