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 script was written to create a new, rapid relative strength index inspired by the Dow Theory.
More info about Dow Theory : www.investopedia.com
According to the Dow Theory, volume should confirm market trends.
The correlation coefficient between prices and volume is negative in weakening trends and negative trends , positive in...
Arnaud Legoux Trend Indicator (ALTI) was designed for Identifying the primary trend, secondary trend and minor trend in a clearer way. Using the trend for continuation trade and detect potential reversals are two common ways to use it. However, combining ALTI with good volume indicators also has special results.Good luck, traders.
This indicator shows the ratio between the DJIA and the price of gold. When the ratio is below 5 it is generally accepted that a rotation from commodities to equities should be investigated. When the ratio is above 30 it is, likewise, advised to consider rotating from equities to commodities.
This is a modest improvement of the script to mark the key thresholds...
JD Apollo Indicator is a two-part algorithm that is designed for the 5m, 15m and 30m on the US30.
How to use;
When the baseline is tending and the confirmation indicators are also in alignment, an alert will be produced. Take the trade for 2x ATR (shown on-screen) or run a trailing stop to best effect.
There are a number of rules baked into the code to try...
JD Apollo Confirmations Indicator is used as the confirmation indicators for a number of other algorithms.
This has been specifically designed for Indicies, namely the US30.
How to use;
When the bars align, it means the price is heading in the direction of alignment.
This indicator is intended to be used as a confirmation indicator for other algorithms for...
Displays as an indicator the Dow to Gold Ratio.
Rules of this long-term trade:
The Dow-to-Gold ratio is guide for when to get in and out of stocks. When the ratio goes below 5, we buy equal shares in the Dow Jones Industrial Average index (the Dow). When the ratio goes above 15, we sell the Dow and buy gold.
In other words, when the entire Dow can be bought for...
This is my "(DJI)Dow Jones Industrial 30 Volume Indicator" using PSv4.0 freely available to ALL! The title literally "sums" up what this is. This came about by a response from another member inquiring about volume in DJI on TV. After further consideration, I decided to add all of those volumes up, nicely wrapped, into a multicolored package in order to have this...
Over the past few weeks (as of today, which is: 12th of October 2018) there has been little to no volatility in most of the major cryptocurrencies. What volatility does come in comes and goes very quickly. It's difficult to discern good and bad moments to be in a trade. As a result I decided to create a volatility filter based on Hurst exponent market phases,...