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Quixilver_stx
9. Febr. 2020 19:20

Consecutive Candle Count Momentum Strategy 

S&P 500SP

Beschreibung

Very simple strategy based on consecutive candle count. Simple but can be very profitable if you know how to execute.

Example:
- Buy when consecutive up closes exceeds 3
- Sell when consecutive down closes exceeds 3

For a buy signal, if price closes higher within 5 candles, it is defined as a win.
For a sell signal, if price closes lower within 5 candles, it is defined as a win.

Win rates for buy/sell signals are calculated over history of security.
Kommentare
virgosamaa
Interesting script! What does "Max Bars Before Exit" mean?
cadmiral
Awesome script! Is it possible to look at the Close instead of Open when monitoring consecutive candles?
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