The Arms index (TRIN) is a technical analysis indicator that compares advancing
and declining stock issues and trading volume as an indicator of overall market
sentiment. It measures the relationship between market supply and demand and is
used as a predictor of future price movements in the market, primarily on an
intraday basis. The Arms index seeks to...
"ABB" - "Advanced Bollinger Bands"
- any pair
- w1, d1, h1
- 25 for d1
- 20 for h1
if the price is lower than the lower line of "ABB" = to open a long position
if the candle is green (closing > opening) = to close a long position
Strategy uses 2 indicators:
2) Bollinger Bands
Opening of a position requires at the same time 2 signals (RSI + BB)
If the low of a candle is less than lower bound of BB - to open long position
If the candle growing - to close a long position
Short positions aren't used
This is the product of 9 different indicators working together + many sleepless nights.
TradingView is such a great platform for making fake back-testing that I even could write a book "1001 ways to get 1001% a month on TV"
So this version has NO REPAINTING!
Why? Because I double-checked orders live (for 1 week). Also TV has Market Simulator (icon on the top) to...
The strategy consists of buying when the price breaks up (crossover) the bottom line of the Bollinger and selling when the price breaks down (crossunder) to your top line.
The chart still shows trends clearly, with the fill between the exponential average and the closing value of the canlestick, green at high, red at low (this part of the script is based on the...