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 Smart money index (SMI) or smart money flow index is a technical analysis indicator demonstrating investors sentiment. The index was invented and popularized by money manager Don Hays.[1] The indicator is based on intra-day price patterns. The main idea is that the majority of traders (emotional, news-driven) overreact at the beginning of the trading day because of the overnight news and economic data. There is also a lot of buying on market orders and short covering at the opening. Smart, experienced investors start trading closer to the end of the day having the opportunity to evaluate market performance. Therefore, the basic strategy is to bet against the morning price trend and bet with the evening price trend. The SMI may be calculated for many markets and market indices (S&P 500, DJIA, etc.)
The SMI sends no clear signal whether the market is bullish or bearish. There are also no fixed absolute or relative readings signaling about the trend. Traders need to look at the SMI dynamics relative to that of the market. If, for example, SMI rises sharply when the market falls, this fact would mean that smart money is buying, and the market is to revert to an uptrend soon. The opposite situation is also true. A rapidly falling SMI during a bullish market means that smart money is selling and that market is to revert to a downtrend soon. The SMI is, therefore, a trend-based indicator. Some analysts use the smart money index to claim that precious metals such as gold will continually maintain value in the future.
WARNING: - For purpose educate only - This script to change bars colors.
@gmeneguzzo, In the current moment - no. I will add this functional on my next all scripts.
b2122323
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backtest result not match with alert logs. I try on resolution timeframe 5 min. Can you fix?
tuankdtt8232
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Thanks HPotter, The strategy is not supposed to work the way it supposes too. Candles is finished but buy signal appears at the beginning of that candles.
HPotter
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I trying to fix repaint in 2 version.
hammad70012
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I want to remove the repaint I dont know how to remove.