Combo Backtest 123 Reversal & Qstick Indicator 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
A technical indicator developed by Tushar Chande to numerically identify
trends in candlestick charting. It is calculated by taking an 'n' period
moving average of the difference between the open and closing prices. A
Qstick value greater than zero means that the majority of the last 'n' days
have been up, indicating that buying pressure has been increasing.
Transaction signals come from when the Qstick indicator crosses through the
zero line. Crossing above zero is used as the entry signal because it is indicating
that buying pressure is increasing, while sell signals come from the indicator
crossing down through zero. In addition, an 'n' period moving average of the Qstick
values can be drawn to act as a signal line. Transaction signals are then generated
when the Qstick value crosses through the trigger line.
WARNING:
- For purpose educate only
- This script to change bars colors.
Qstick Indicator
True Momentum Oscillator"TMO calculates momentum using the delta of price. Giving a much better picture of trend, trend reversals and divergence than momentum oscillators using price". This is comparable to the WaveTrend Oscillator, gives more or less better or worse signals depending on the time frame and markets. This is a free and open source indicator found in many platforms, now ported to TV.
This indicator uses the closing and opening of the price in a way that reminds me of the Qstick indicator but it seems different. It's an oscillator with overbought and oversold zones and crossovers for entry and exits. I included the option of changing the moving averages from the standard exponential types used in its 3 functions to calculate the main and signal lines just in case the settings need to be changed further or if anyone wants to experiment to find better settings on top of just changing the lengths for each length type. I added dots for when the Main line crosses the Signal line. The Main line is darkened in case anyone needs to see it better.
WhipLashThis is a study to determine if small candle bodies (little difference between open and close), regardless of overall candle length (high/low), can be used to filter choppy markets.
The indicator will calculate the selected average "MA Mode" of (close-open). To standardize this result and ensure any filters/thresholds do not need to be recalculated for each instrument the result will be used to calculate the Z Score.
The idea is that when candle bodies are small there is very little actual price movement, and therefore price is choppy. When considering the Z Score of that result, any outliers ie larger candle bodies, could show a potential trend forming. This indicator is similar to QStick but allows more customization by the user.
MA Mode determines which MA is used to smooth the results of (close-open)
Price Smoothing is the number of running periods the MA Mode is calculated for.
The three Thresholds are preset to the 90%, 95%, and 99% levels for Z Score. If these thresholds are altered you may wish to also alter the horizontal lines programmed for each level on the positive and negative sides.
The Z Length is the period for which the Z Score is calculated
Multiple MA Options Credits to @Fractured
Bits and Pieces from @AlexGrover, @Montyjus, and @Jiehonglim
As always, trade at your own risk.
Qstick Indicator Backtest A technical indicator developed by Tushar Chande to numerically identify
trends in candlestick charting. It is calculated by taking an 'n' period
moving average of the difference between the open and closing prices. A
Qstick value greater than zero means that the majority of the last 'n' days
have been up, indicating that buying pressure has been increasing.
Transaction signals come from when the Qstick indicator crosses through the
zero line. Crossing above zero is used as the entry signal because it is indicating
that buying pressure is increasing, while sell signals come from the indicator
crossing down through zero. In addition, an 'n' period moving average of the Qstick
values can be drawn to act as a signal line. Transaction signals are then generated
when the Qstick value crosses through the trigger line.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Qstick Indicator Strategy A technical indicator developed by Tushar Chande to numerically identify
trends in candlestick charting. It is calculated by taking an 'n' period
moving average of the difference between the open and closing prices. A
Qstick value greater than zero means that the majority of the last 'n' days
have been up, indicating that buying pressure has been increasing.
Transaction signals come from when the Qstick indicator crosses through the
zero line. Crossing above zero is used as the entry signal because it is indicating
that buying pressure is increasing, while sell signals come from the indicator
crossing down through zero. In addition, an 'n' period moving average of the Qstick
values can be drawn to act as a signal line. Transaction signals are then generated
when the Qstick value crosses through the trigger line.
WARNING:
- This script to change bars colors.
Qstick IndicatorA technical indicator developed by Tushar Chande to numerically identify
trends in candlestick charting. It is calculated by taking an 'n' period
moving average of the difference between the open and closing prices. A
Qstick value greater than zero means that the majority of the last 'n' days
have been up, indicating that buying pressure has been increasing.
Transaction signals come from when the Qstick indicator crosses through the
zero line. Crossing above zero is used as the entry signal because it is indicating
that buying pressure is increasing, while sell signals come from the indicator
crossing down through zero. In addition, an 'n' period moving average of the Qstick
values can be drawn to act as a signal line. Transaction signals are then generated
when the Qstick value crosses through the trigger line.
