OPEN-SOURCE SCRIPT
The David Paul Way // v1
This is the first version of my attempt at creating one of David Paul's trading methodologies. My ultimate goal for this is to encapsulate his way of approaching the market in a single strategy script.
The general objectives consist of the following:
1. place entries where the masses place there stops
2.Trail my stop losses on big positions as effectively as possible
3.Cut the losers off Quickly
4.Add to every winning trade
5.trade equity's that are growing its earnings rapidly and aggressively.
6. wait for when the broader market is also trending upwards
7.Create an environment of positive expectancy
8.Exploit Institutional Trading Behavior
The "Long" Condition:
David Paul emphasized how price and volume have a very important correlation especially on the stock market, I decided to combine a rise in volume over a period off 89 bars with the classic 21, 55, and 89 period moving average. When the closing price crosses the highest of the three moving averages , in addition to a rise in volume , A signal to enter has formed.
Exiting the Trend:
When price closes below the highest moving average , its a sign that the trends encountering a decrease in support, acceleration , or momentum. It will cause an exit in the current position.
Stop Losses:
unfortunately I am still figuring out a good solution for an actual consistent and intelligent implementation of a stop loss to go with the long condition. feel free to make one for yourself in the mean time, I will eventually publish a refined version with more advanced: 1. order types, 2.trailing stop loss logic , 3.plotting visuals , 4. user inputs for making your own versions , 5. table with metrics and statistic display.
Visuals:
as of now the 21,55, and 89 period moving average (and the average of the 3 moving averages) are plotted and will turn blue when the closing price is above them. Otherwise they remain grey if above the closing price.
"I Fade the long term trend for the short term trend." - David Paul
I would like to thank LOKEN94 for the basis of this strategy, check out his indicator if you need more of a visual guide for tinkering with this strategy.
The general objectives consist of the following:
1. place entries where the masses place there stops
2.Trail my stop losses on big positions as effectively as possible
3.Cut the losers off Quickly
4.Add to every winning trade
5.trade equity's that are growing its earnings rapidly and aggressively.
6. wait for when the broader market is also trending upwards
7.Create an environment of positive expectancy
8.Exploit Institutional Trading Behavior
The "Long" Condition:
David Paul emphasized how price and volume have a very important correlation especially on the stock market, I decided to combine a rise in volume over a period off 89 bars with the classic 21, 55, and 89 period moving average. When the closing price crosses the highest of the three moving averages , in addition to a rise in volume , A signal to enter has formed.
Exiting the Trend:
When price closes below the highest moving average , its a sign that the trends encountering a decrease in support, acceleration , or momentum. It will cause an exit in the current position.
Stop Losses:
unfortunately I am still figuring out a good solution for an actual consistent and intelligent implementation of a stop loss to go with the long condition. feel free to make one for yourself in the mean time, I will eventually publish a refined version with more advanced: 1. order types, 2.trailing stop loss logic , 3.plotting visuals , 4. user inputs for making your own versions , 5. table with metrics and statistic display.
Visuals:
as of now the 21,55, and 89 period moving average (and the average of the 3 moving averages) are plotted and will turn blue when the closing price is above them. Otherwise they remain grey if above the closing price.
"I Fade the long term trend for the short term trend." - David Paul
I would like to thank LOKEN94 for the basis of this strategy, check out his indicator if you need more of a visual guide for tinkering with this strategy.
オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。