Combo Backtest 123 Reversal & Klinger Volume 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 Klinger Oscillator (KO) was developed by Stephen J. Klinger. Learning
from prior research on volume by such well-known technicians as Joseph Granville,
Larry Williams, and Marc Chaikin, Mr. Klinger set out to develop a volume-based
indicator to help in both short- and long-term analysis.
The KO was developed with two seemingly opposite goals in mind: to be sensitive
enough to signal short-term tops and bottoms, yet accurate enough to reflect the
long-term flow of money into and out of a security.
The KO is based on the following tenets:
Price range (i.e. High - Low) is a measure of movement and volume is the force behind
the movement. The sum of High + Low + Close defines a trend. Accumulation occurs when
today's sum is greater than the previous day's. Conversely, distribution occurs when
today's sum is less than the previous day's. When the sums are equal, the existing trend
is maintained.
Volume produces continuous intra-day changes in price reflecting buying and selling pressure.
The KO quantifies the difference between the number of shares being accumulated and distributed
each day as "volume force". A strong, rising volume force should accompany an uptrend and then
gradually contract over time during the latter stages of the uptrend and the early stages of
the following downtrend. This should be followed by a rising volume force reflecting some
accumulation before a bottom develops.
WARNING:
- For purpose educate only
- This script to change bars colors.
Cari dalam skrip untuk "the strat"
Combo Backtest 123 Reversal & Key Reversal Up 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
A key reversal is a one-day trading pattern that may signal the reversal of a trend.
Other frequently-used names for key reversal include "one-day reversal" and "reversal day."
How Does a Key Reversal Work?
Depending on which way the stock is trending, a key reversal day occurs when:
In an uptrend -- prices hit a new high and then close near the previous day's lows.
In a downtrend -- prices hit a new low, but close near the previous day's highs
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Key Reversal Down 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
A key reversal is a one-day trading pattern that may signal the reversal of a trend.
Other frequently-used names for key reversal include "one-day reversal" and "reversal day."
How Does a Key Reversal Work?
Depending on which way the stock is trending, a key reversal day occurs when:
In an uptrend -- prices hit a new high and then close near the previous day's lows.
In a downtrend -- prices hit a new low, but close near the previous day's highs
WARNING:
- For purpose educate only
- This script to change bars colors.
MACD With Trend Filter: Visual Backtest Module TemplateSample Strategy: MACD Crossover with trend filter options
MA Filter : Price Close Above MA, Search for Buy, Price Close Below MA, Search for Sell
ADX Filter : Take trade only when ADX is above certain treshold
MACD Signal : MACD Cross above signal line while under 0 line indicate Buy Signal
MACD Cross below signal line while above 0 line indicate Sell Signal
-----------------------------
Using Alert Module:
Enable Alert --> Enable TV's alert and plot signal to chart
Alert Type --> Set to take Buy only, Sell only or Both alert
----------------------------
Using Backtest Module:
Enable Backtest --> Enable Backtest simulation
Backtest Type --> Set to take Buy only, Sell only or Both
SL Type -->
ATR : Set SL in ATR times Multiplier below/above entry price
Fixed : Set SL in fixed point below entry point (in 'Dollar'). e.g. for Stocks -> 0.5 equals to 50cent while for EURUSD currency -> 0.005 equal to 50 pips
HiLo Bar : Set SL at highest/lowest wick of previous bar plus/minus Fixed point. e.g. EURUSD HiLo=3 and Fixed Point = 0.0005, buy trade will place SL 5 Pips below lowest of previous 3 bar
SL ATR Period --> Set Lookback Period used for SL's ATR calculation
SL ATR Multi --> Set ATR Multiplier for SL
SL Fixed --> Set Fixed Level for SL (Use when SL Type is either Fixed or HiLo Bar)
SL Bar --> Set Number of previous bar to check for SL placement
TP RR Ratio --> Set TP based on RR multiplier. e.g. 2 means TP level will be twice further from entry point compared to Entry-SL distance.
Notes: The point is for preliminary testing, so it only supports 1 trade at a time and no Trailing Stop
----------------------------
Disclaimer:
This script main objective is to create my personal indicator template so that i just have to modify the indicator module for preliminary testing in future.
Testing Alert Module so i can re-use it as template in future study/indicator
Testing Visual Backtest Module so i can re-use it as template in future study/indicator
i believe using Strategy function is a better approach for this but the entry/exit level seems to be hit n miss (at least for me, still trying to figure what i did wrong)
also, i rather code the strategy in other platform where i can use the more accurate tick data if i want to validate backtest statistics.
My study scripts was built only to test/visualize an idea to see its viability and if it can be used to optimize existing strategy.
credit: ADX code are originally from "ADX and DI" by @BeikabuOyaji although i re-wrote so i can have cleaner read and use RMA instead of SMA
Combo Backtest 123 Reversal & Keltner Channel 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 Keltner Channel, a classic indicator
of technical analysis developed by Chester Keltner in 1960.
The indicator is a bit like Bollinger Bands and Envelopes.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Kaufman Moving Average Adaptive// 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
Everyone wants a short-term, fast trading trend that works without large
losses. That combination does not exist. But it is possible to have fast
trading trends in which one must get in or out of the market quickly, but
these have the distinct disadvantage of being whipsawed by market noise
when the market is volatile in a sideways trending market. During these
periods, the trader is jumping in and out of positions with no profit-making
trend in sight. In an attempt to overcome the problem of noise and still be
able to get closer to the actual change of the trend, Kaufman developed an
indicator that adapts to market movement. This indicator, an adaptive moving
average (AMA), moves very slowly when markets are moving sideways but moves
swiftly when the markets also move swiftly, change directions or break out of
a trading range.
WARNING:
- For purpose educate only
- This script to change bars colors.
Multi MA MTF SandBox StrategyA moving averages SandBox strategy where you can experiment using two different moving averages (like KAMA, ALMA, HMA, JMA, VAMA and more) on different time frames to generate BUY and SELL signals, when they cross.
Great sandbox for experimenting with different moving averages and different time frames.
== How to use ==
We select two types of moving averages on two different time frames (or the same time frame):
First is the FAST moving average that should be at the same time frame or higher.
Second is the SLOW moving average that should be on the same time frame or higher.
== Buy and Sell Signals ==
When FAST moving average cross over the SLOW moving average we have a BUY signal (for LONG)
When FAST moving average cross under the SLOW moving average we have a SELL signal (for SHORT)
WARNING: Using a lower time frame than your chart time frame will result in unrealistic results in your backtesting and bar replay.
== NOTES ==
You can select BOTH, LONG, SHORT or NONE in the strategy settings.
You can also enable Stop Loss and Take Profit.
More sandboxes to come, Follow to get notified.
Like if you like and Enjoy!
Can also act as indicator by setting 'What trades should be taken' to 'NONE':
Combo Backtest 123 Reversal & Kase Dev Stops 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 Kase Dev Stops system finds the optimal statistical balance between letting profits run,
while cutting losses. Kase DevStop seeks an ideal stop level by accounting for volatility (risk),
the variance in volatility (the change in volatility from bar to bar), and volatility skew
(the propensity for volatility to occasionally spike incorrectly).
Kase Dev Stops are set at points at which there is an increasing probability of reversal against
the trend being statistically significant based on the log normal shape of the range curve.
Setting stops will help you take as much risk as necessary to stay in a good position, but not more.
You can change long to short in the Input Settings
Please, use it only for learning or paper trading. Do not for real trading.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & High and Low Levels 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
This script shows a high and low period value.
Width - width of lines
SelectPeriod - Day or Week or Month and etc.
LookBack - Shift levels 0 - current period, 1 - previous and etc.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & High Low Bands 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
As the name suggests, High low bands are two bands surrounding the underlying’s
price. These bands are generated from the triangular moving averages calculated
from the underlying’s price. The triangular moving average is, in turn, shifted
up and down by a fixed percentage. The bands, thus formed, are termed as High
low bands. The main theme and concept of High low bands is based upon the triangular
moving average.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Volume SMA 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
Volume and SMA
WARNING:
- For purpose educate only
- This script to change bars colors.
Parabolic SAR Swing strategy GBP JPY Daily timeframeToday I bring you a new strategy thats made of parabolic sar. It has optmized values for GBPJPY Daily timeframe chart.
It also has a time period selection, in order to see how it behave between selected years.
The strategy behind it is simple :
We have an uptrend , (the psar is below our candles) we go long. We exit when our candle crosses the psar value.
The same applies for downtrend(the psar is above our candles), where we go short. We exit when our candle cross the psar value.
Among the basic indicators, it looks like PSAR is one of the best canditates for swing trading.
If you have any questions, please let me know.
Combo Backtest 123 Reversal & Gann Swing 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 Gann Swing Oscillator has been adapted from Robert Krausz's book,
"A W.D. Gann Treasure Discovered". The Gann Swing Oscillator helps
define market swings.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & FX Sniper: T3-CCI 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
This simple indicator gives you a lot of useful information - when to enter, when to exit
and how to reduce risks by entering a trade on a double confirmed signal.
You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Volatility Finite Volume ElementsThis 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
This is another version of FVE indicator that we have posted earlier
in this forum.
This version has an important enhancement to the previous one that`s
especially useful with intraday minute charts.
Due to the volatility had not been taken into account to avoid the extra
complication in the formula, the previous formula has some drawbacks:
The main drawback is that the constant cutoff coefficient will overestimate
price changes in minute charts and underestimate corresponding changes in
weekly or monthly charts.
And now the indicator uses adaptive cutoff coefficient which will adjust to
all time frames automatically.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & FSK (Fast and Slow Kurtosis) 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
This indicator plots the Fast & Slow Kurtosis. The Kurtosis is a market
sentiment indicator. The Kurtosis is constructed from three different parts.
The Kurtosis, the Fast Kurtosis(FK), and the Fast/Slow Kurtosis(FSK).
WARNING:
- For purpose educate only
- This script to change bars colors.
Cycles StrategyThis is back-testable strategy is a modified version of the Stochastic strategy. It is meant to accompany the modified Stochastic indicator: "Cycles".
Modifications to the Stochastic strategy include;
1. Programmable settings for the Stochastic Periods (%K, %D and Smooth %K).
2. Programmable settings for the MACD Periods (Fast, Slow, Smoothing)
3. Programmable thresholds for %K, to qualify a potential entry strategy.
4. Programmable thresholds for %D, to qualify a potential exit strategy.
5. Buttons to choose which components to use in the trading algorithm.
6. Choose the month and year to back test.
The trading algorithm:
1. When %K exceeds the upper/lower threshold and then hooks down/up, in the direction of the Moving Average (MA). This is the minimum entry qualification.
2. When %D exceeds the lower/upper threshold and angled in the direction of the trade, is the exit qualification.
3. Additional entry filters include the direction of MACD, Signal and %D. Also, the "cliff", being a long entry is a higher high or a short entry is a lower low.
4. Strategy can only go "Long" or "Short" depending on the selected setting.
5. By matching the settings in the "Cycles" indicator, you can (almost) see what the strategy is doing.
6. Be sure to select the "Recalculate" buttons, to recalculate on every new Tick, for best results.
Please click the Like button and leave a comment if you appreciate this script. Improvements will be implemented as time goes on.
I am not a licensed trade advisor. This strategy is for entertainment only. Use at your own risk!
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.
RSI on VWAP Upgraded strategyFirst of all, the idea of apply RSI to VWAP was inspired by XaviZ; at least, that where I first saw that.
I simply applied the idea and searched for apply this on lower timeframe (M15) to increase the number of positions and improve the profit factor.
The conditions to enter are the same :
long : enter on RSI crossover oversold level
short : enter on RSI crossunder oversell level
To close position, I found a little change to apply :
long : close position when RSI(VWAP) went in overbought zone and crossunder the overbought level OR after being at least x bars in the overbought zone (parameter is 28 by default) => when the first condition happens
short : close position when RSI(VWAP) went in oversold zone and crossover the oversold level OR after being at least x bars in the oversell zone (parameter is 28 by default) => when the first condition happens
With this change, I got better results specially on BTCUSDTPERP (M15) where I reach a 6.8 profit factor with 119 trades closed. Not BAD !
The defaults parameters are the best found for BTCUSDTPERP (M15), but the strategy works fine for other pairs if you take time to find the rights combinations.
In this strategy you can change (with defaults in () ):
RSI length (28)
RSI overbought level (85)
RSI oversell level (30)
Number of bars before leaving as explain above (28)
The choice to take longs only, shorts only or both
The number of coin/token by position
The start date for backtesting
Please note that the script use a pyramiding parameter of 3 (can be changed in the first line of the script); that means that you can take up to 3 positions before closing. It lets you improve average enter price but increase the risk. 3 is the best I found to improve profit factor without expose myself too much.
This script would be better if automated because of the conditions of buy and sell.
It's only for educative purpose, not an advice to invest.
All my free scripts here : fr.tradingview.com
Leave a message and don't forget to follow me ;) !
Combo Backtest 123 Reversal & Fractal Chaos Bands 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
Stock market moves in a highly chaotic way, but at a larger scale, the movements
follow a certain pattern that can be applied to shorter or longer periods of time
and we can use Fractal Chaos Bands Indicator to identify those patterns. Basically,
the Fractal Chaos Bands Indicator helps us to identify whether the stock market is
trending or not. When a market is trending, the bands will have a slope and if market
is not trending the bands will flatten out. As the slope of the bands decreases, it
signifies that the market is choppy, insecure and variable. As the graph becomes more
and more abrupt, be it going up or down, the significance is that the market becomes
trendy, or stable. Fractal Chaos Bands Indicator is used similarly to other bands-indicator
(Bollinger bands for instance), offering trading opportunities when price moves above or
under the fractal lines.
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.
WARNING:
- For purpose educate only
- This script to change bars colors.
Golden Cross Optimised For Reversal (by Coinrule)A moving average crossing is a common and widely adopted trading strategy. A short-term MA crossing above a long-term one provides the buy-signal. The opposite generates a sell-signal for the strategy.
Although very popular, this strategy has some limitations that lead to frequent "false signals" and only a few very profitable trades. If the strategy provides two many trades, that generates
the risk for more potential losses
more transaction fees paid
capital allocated to the strategy, thus the impossibility of catching other potential opportunities.
Applying an additional filter to the strategy, consisting of the crossing happening below a longer-term moving average, allows increasing the chances of catching the first crossing signaling a reversal.
The indicator is set to work with three moving averages.
Buy signal: The MA(9) to cross above the MA(50), which must be below the MA(100)
Sell Signal: The MA(9) to cross below the MA(50)
This indicator works significantly better on lower time frames, where it can reduce the noise of getting too many non-profitable signals from a conventional crossing strategy.
The indicator has been backtested mostly on cryptocurrencies.
Combo Backtest 123 Reversal & Floor Pivot Points 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 name ‘Floor-Trader Pivot,’ came from the fact that Pivot points can
be calculated quickly, on the fly using price data from the previous day
as an input. Although time-frames of less than a day can be used, Pivots are
commonly plotted on the Daily Chart; using price data from the previous day’s
trading activity.
WARNING:
- For purpose educate only
- This script to change bars colors.
Tilson T3 and MavilimW Triple Combined StrategyInspired by truly greatful Kivanç Ozbilgic (www.tradingview.com).
The strategy tries to combined three different moving average strategies into one.
Strategies covered are:
1. Tillson T3 Moving Average Strategy
Developed by Tim Tillson, the T3 Moving Average is considered superior to traditional moving averages as it is smoother, more responsive and thus performs better in ranging market conditions as well. However, it bears the disadvantage of overshooting the price as it attempts to realign itself to current market conditions.
It incorporates a smoothing technique which allows it to plot curves more gradual than ordinary moving averages and with a smaller lag. Its smoothness is derived from the fact that it is a weighted sum of a single EMA, double EMA, triple EMA and so on. When a trend is formed, the price action will stay above or below the trend during most of its progression and will hardly be touched by any swings. Thus, a confirmed penetration of the T3 MA and the lack of a following reversal often indicates the end of a trend. Here is what the calculation looks like:
T3 = c1*e6 + c2*e5 + c3*e4 + c4*e3, where:
– e1 = EMA (Close, Period)
– e2 = EMA (e1, Period)
– e3 = EMA (e2, Period)
– e4 = EMA (e3, Period)
– e5 = EMA (e4, Period)
– e6 = EMA (e5, Period)
– a is the volume factor, default value is 0.7 but 0.618 can also be used
– c1 = – a^3
– c2 = 3*a^2 + 3*a^3
– c3 = – 6*a^2 – 3*a – 3*a^3
– c4 = 1 + 3*a + a^3 + 3*a^2
T3 MovingThe T3 Moving Average generally produces entry signals similar to other moving averages and thus is traded largely in the same manner.
Strategy for Tillson T3 is if the close crossovers T3 line and for at least five bars the close was under the T3
2. Tillson T3 Fibonacci Cross
Kivanc Ozbilgic added a second T3 line with a volume factor of 0.618 (Fibonacci Ratio) and length of 3 (fibonacci number) which can be added by selecting the T3 Fibonacci Strategy input box.
Strategy for Tillson T3 Fibo is when the Fibo Line crossover the T3 it gives long signal vice versa.
3. MavilimW
MavilimW is originally a support and resistance indicator based on fibonacci injected weighted moving averages.
Strategy for MavilimW is is if the close crossovers T3 line and for at least five bars the close was under the T3
Hope you enjoy
