Concept behind this Strategy :
Considering a normal "buy/sell" situation, an asset would be bought in average at the median price following a Gaussian like concept. A higher or lower average trend would significate that the current perceived value is respectively higher or lower than the current median price, which mean that the buyers are evaluating the price...
Open Close Cross Strategy plus Explorer
There is a code that can control sensitivity. try to change 'ATR Multiplier' menu
There is a code for prevent 'repaint'. If you want it check 'Forces Non-Repainting' menu
PMax Explorer STRATEGY & SCREENER KivancOzbilgic
Open Close Cross Strategy R5 revised by JustUncleL JustUncleL
Generates buy or sell signal if monthly candle closes above or below the signal MA.
Long positions only.
-Change timeframe MA
-Change period MA
-Use SMA or EMA
-Use another ticker as signal
-Select time period for backtesting
This script is not necessarily written to maximize profits, but to minimize losses.
Although it can outperform 'Buy &...
it's a repainting script cheating on tester, on backtesting %100 correct but on forward testing it will only work % 15 correct and %85 wrong. I did another script showing real forward testing results of this script.
This revision is an open Public release, with just some minor changes. It is a revision of the Strategy "Open Close Cross Strategy R2" originally published by @JayRogers.
*** USE AT YOUR OWN RISK ***
JayRogers : "There are drawing/painting issues in pinescript when working across resolutions/timeframes that I simply cannot fix here.. I will not be putting any...