This simple RSI-MA long/short algorithm beats the Dow by a FREAKING HUGE margin over the past century (excluding dividends and trading costs).
The algorithm uses a fast SMA of the RSI as a buy/cover signal and a slow SMA of the RSI as a sell/short signal.
Backtest period = 09/17/1916 - 11/02/2015
Dow = 98 --> 17,830 = +18,094% = 5.38% CAGR
Algorithm = net...
This long only strategy determines when there is both a NR7 (narrow range 7, a trading day in which the range is narrower than any of the previous six days), plus a inside day (high of the current day is lower than the high of the previous day and the low of the current day is higher than the low of the previous day) both on the same trading day and enters a long...
Uses two sets of MACD plus an RSI to either long or short. All three indicators trigger buy/sell as one (ie it's not 'IF MACD1 OR MACD2 OR RSI > 1 = buy", its more like "IF 1 AND 2 AND RSI=buy", all 3 match required for trigger)
The MACD inputs should be tweaked depending on timeframe and what you are trading. If you are doing 1, 3, 5 min or real...
I was trying to test the GalloBias indicator so I decided to create a basic strategy for it. Maybe it is a bit naive, because there is no proper risk management and explicit costs implemented in it. So keep in mind the probably won't work on a real account.
DirectionGalloLength: it is the period input for GalloBias
Here we have a general purpose momentum based long and short flip flop with optional profit target and maximum loss.
Program development: Boffin Hollow Lab
Author: Tarzan at tradingview.com
Release: Version 1.0 May 2016
Please Note: Past Performance is not necessarily indicative of future results
*** USE AT YOUR OWN RISK ***
NOTE: This indicator gives the trading signal by changing the background color at the default settings, and all crypto currency exchange is available to you in places like stock exchange stocks at your own risk.
Re-painting has not been observed with the default setup, nor with Alternate resolution multiplier up to...
This strategy aims to provide the optimal times to buy/sell assets on a long term basis. From my testing it works best on a weekly or monthly time frame. The default values are currently set to work best on Global Indices such as the S&P 500. It is very simple in its core, it uses price historical price action to estimate where in a market cycle the asset is. Then...
This is a strategy test of my indicator.
Indicator based on Average true range.
LIME ARROW = LONG
RED ARROW = SHORT
LIME COLOR BARS IF GREEN ARROW CONDITION VALID.
RED COLOR BARS IF RED ARROW CONDITION VALID.
today a new Scalper Tool, which works great on 1 minute timeframe, which is the best and more secure timeframe to use on a Renko chart, besides it works great up to 15m (I don't suggest to use a renko chart over 15m timeframe)!
It is an upgraded version of Bitmex Renko Scalper that you can find in my tradingview script page.
This tool has some...