DUOT
-1BTC@(18.18-17.71) - OPEN SHORT - PL: +2.5Hope you're doing great
In chart
- Oscillators chart
This allows you to combine 5 differential oscillators in one chart -
- Duot oscillator
Mcguinly moving average of the 5 normalized oscillators and william's vix fix bars, the 3 waves are customisable smoothed McG averages.
- Duot strategy
Instead of trading individual oscillators it smooths decisions by averaging the 5 oscillators into one, we found that gives higher success rate than trading individual oscillators. this is based on the idea that most traders will actually use 2-3 of these oscillators manually and their decisions will always be maximums or minimums of a subset of these oscillators. So argument is trading their average would give slightly better and smoothed out results. as you can see the final oscillators have fewer rectified smooth cycles visible in their combined average.
The main decision point is divergence of the price line trend from the average oscillator, this indicate lag in price response, accompanied by a confirmation with wiliam's vix fix,
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Attached a backtest of the script results, you can go trough the trade log by going through the ideas log in my profile
Title Format: -1BTC@(18.18-17.71) - OPEN SHORT - PL: +2.5%
(-1/+1)@SYMBOL(START_PRICE, CURRENT_PRICE) - POSITION_STATE - CURRENT_PROFIT_LOSS
POSITION_STATE = (OPEN LONG|CLOSE LONG|OPEN SHORT|CLOSE SHORT)
Cheers, and finger crossed for the current position
1BTC@6660 - OPEN LONG [6660-9720] - PL: +$3,060 (+45.9%) - DUOT 1BTC@6660 - OPEN LONG - PL: +$3,060 (+45.9%) - DUOT
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Still open long, no close yet.
