80-20_DCA-Alert

6 gün önce

The idea for this indicator comes from the book “$1,000 To $1,000,000 Proven Strategies for Triple Leveraged ETF Success” by B.D. Collins. In the book, he describes a charming 80/20 DCA strategy with a stronger price weighting when prices fall in order to trade leveraged ETFs. This indicator is applied to the chart of the unleveraged (!) underlying or index of the ETF. You can then use the alarm function to receive a (daily) update on how much of the cash should currently be invested into the corresponding leveraged ETF. Depending on whether the price is above or below the freely definable levels, a different weighting is recommended. The default settings are based on B.D. Collins' original strategy and are as follows:

At the beginning of each quarter, if the price of the unleveraged underlying (index) of the ETF

- is between 0 and 15% below the ATH, 20% of the saved cash balance is invested

- between 16 and 25% below the ATH, 40% of the saved cash balance is invested

- between 26 and 35% below the ATH, 60% of the saved cash balance is invested

- greater than 35% below the ATH, 80% of the saved cash balance is invested


More details in his book.

This is not financial advice. Trading with leveraged ETFs is very risky and can lead to extreme losses

Good Luck and may the force be with us

6 gün önce

Sürüm Notları

Changes:

1. Removed all prev_ variables - no longer needed since it should alert every day
   
2. Removed not prev_above_level1 conditions - faulty logic which was preventing daily alerts
   
3. Added barstate.isconfirmed - ensures alerts only trigger after the daily candle is confirmed/closed
   
4. Simplified logic - now simply checks if daily timeframe AND candle is confirmed AND price is in the zone
   

5 gün önce

Sürüm Notları

Changes:

- Added Alert frequency option: Choose between "Daily" or "Zone Change Only"
**"Daily"**: Alerts every day when price is in each zone
**"Zone Change Only"**: Alerts only when entering a new zone (default)