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 a single Daily DSP (Detrended Synthetic Price) and a Daily ELI (Ehlers Leading Indicator) using intraday data. Detrended Synthetic Price is a function that is in phase with the dominant cycle of real price data. This one is computed by subtracting a 3 pole Butterworth filter from a 2 Pole Butterworth filter. Ehlers Leading Indicator gives an advanced indication of a cyclic turning point. It is computed by subtracting the simple moving average of the detrended synthetic price from the detrended synthetic price. Buy and Sell signals arise when the ELI indicator crosses over or under the detrended synthetic price. See "MESA and Trading Market Cycles" by John Ehlers pages 64 - 70.
WARNING: - For purpose educate only - This script to change bars colors.
Hi out of strong curiosity which of the reversal 123 combos so far has grabbed your interest?
This method sounds a little like 'fading' (but im not familiar enough with the style to label it as such)
And I'm really wondering where the edge lies in this approach and if it perhaps can be refined to be more efficient?
Like if its not really trending why not use post only (small detail)
I have seen your fascination for this one and curious what it is based upon (with much respect and a little joke):other than the Book Title :)
Im sure it has something to it, just don't really get what... yet...
Enlighten this neophyte pls tyty
HPotter
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@kobaltttt, Hi, I just use it as filter for other indicators. I think it is very interesting. I make research and looking for a best variant.
kobaltttt
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@HPotter, Perhaps this is one of my occasional odd blindspots where something is so very basic and simple I fail to see it :) (often hilarious) and in general am, a more visual thinker
I see an hourly chart and my initial thought was this was done at the end of the trading day, at close by Ulf...
Do you perhaps still have an old trade example somewhere? Your interest has piqued mine and n ow even more ;)
burakmertcan
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Is it possible that this script will re-paint?
burakmertcan
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@burakmertcan, From my observations, this script is re-painting.