This identifies Buy and Sell Points once the period high breaches the SMA High and period low breaches the SMA Low. It produces profitable results greater than 87% of the time. You should still monitor and set up stop-losses as appropriate.
Whats the time range the chart has to be tried for better results? Please advise.
Thanks,
Shastry
StockSignaler
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It works on any range. I typically use 15, 30, 78 minutes and D, W. I am writing another one that combines Stoch (8,3,5). When the B or S signal display and the Stoch is at Overbought and Oversold levels has been a much stronger indicator of position entry.
djv2
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this would be great if you can combine with stoch/rsi
StockSignaler
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I have been working on one and finished it yesterday. Check it out at:
Whats the time range the chart has to be tried for better results? Please advise.
Thanks,
Shastry