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Relativestrength

XPloRR MA-Trailing-Stop StrategyXPloRR MA-Trailing-Stop Strategy Long term MA-Trailing-Stop strategy with Adjustable Signal Strength to beat Buy&Hold strategy None of the strategies that I tested can beat the long term Buy&Hold strategy. That's the reason why I wrote this strategy. Purpose: beat Buy&Hold strategy with around 10 trades. 100% capitalize sold trade into new trade. My buy strategy is triggered by the fast buy EMA (blue) crossing over the slow buy SMA curve (orange) and the fast buy EMA has a certain up strength. My sell strategy is triggered by either one of these conditions: the EMA(6) of the close value is crossing under the trailing stop value (green) or the fast sell EMA (navy) is crossing under the slow sell SMA curve (red) and the fast sell EMA has a certain down strength. The trailing stop value (green) is set to a multiple of the ATR(15) value. ATR(15) is the SMA(15) value of the difference between the high and low values. The scripts shows a lot of graphical information: The close value is shown in light-green. When the close value is lower then the buy value, the close value is shown in light-red. This way it is possible to evaluate the virtual losses during the trade. the trailing stop value is shown in dark-green. When the sell value is lower then the buy value, the last color of the trade will be red (best viewed when zoomed)(in the example, there are 2 trades that end in gain and 2 in loss (red line at end)) the EMA and SMA values for both buy and sell signals are shown as a line the buy and sell(close) signals are labeled in blue How to use this strategy? Every stock has it's own "DNA", so first thing to do is tune the right parameters to get the best strategy values voor EMA , SMA, Strength for both buy and sell and the Trailing Stop (#ATR). Look in the strategy tester overview to optimize the values Percent Profitable and Net Profit (using the strategy settings icon, you can increase/decrease the parameters) Then keep using these parameters for future buy/sell signals only for that particular stock. Do the same for other stocks. Important : optimizing these parameters is no guarantee for future winning trades! Here are the parameters: Fast EMA Buy: buy trigger when Fast EMA Buy crosses over the Slow SMA Buy value (use values between 10-20) Slow SMA Buy: buy trigger when Fast EMA Buy crosses over the Slow SMA Buy value (use values between 30-100) Minimum Buy Strength: minimum upward trend value of the Fast SMA Buy value (directional coefficient)(use values between 0-120) Fast EMA Sell: sell trigger when Fast EMA Sell crosses under the Slow SMA Sell value (use values between 10-20) Slow SMA Sell: sell trigger when Fast EMA Sell crosses under the Slow SMA Sell value (use values between 30-100) Minimum Sell Strength: minimum downward trend value of the Fast SMA Sell value (directional coefficient)(use values between 0-120) Trailing Stop (#ATR): the trailing stop value as a multiple of the ATR(15) value (use values between 2-20) Example parameters for different stocks (Start capital: 1000, Order=100% of equity, Period 1/1/2005 to now) compared to the Buy&Hold Strategy(=do nothing): BEKB(Bekaert): EMA-Buy=12, SMA-Buy=44, Strength-Buy=65, EMA-Sell=12, SMA-Sell=55, Strength-Sell=120, Stop#ATR=20 NetProfit: 996%, #Trades: 6, %Profitable: 83%, Buy&HoldProfit: 78% BAR(Barco): EMA-Buy=16, SMA-Buy=80, Strength-Buy=44, EMA-Sell=12, SMA-Sell=45, Strength-Sell=82, Stop#ATR=9 NetProfit: 385%, #Trades: 7, %Profitable: 71%, Buy&HoldProfit: 55% AAPL(Apple): EMA-Buy=12, SMA-Buy=45, Strength-Buy=40, EMA-Sell=19, SMA-Sell=45, Strength-Sell=106, Stop#ATR=8 NetProfit: 6900%, #Trades: 7, %Profitable: 71%, Buy&HoldProfit: 2938% TNET(Telenet): EMA-Buy=12, SMA-Buy=45, Strength-Buy=27, EMA-Sell=19, SMA-Sell=45, Strength-Sell=70, Stop#ATR=14 NetProfit: 129%, #Trade
Pine Script™ strategy
by XPl0RR
8
Mansfield Relative Strength Multi TrendThis indicator is an advanced studie of 'Mansfield Relative Strength Trend' indicator Since it is too time consuming to constantly change the index, I have developed a multi-index indicator. The default order of the indexes is: 1. S&P 500 2. Dow Jones Industrial Average 3. Nasdaq Composite 4. NYSE Composite 5. DAX You can change all indexes in the settings if you want. ********************************* 'Stan Weinstein' developed an indicator called Relative Strength which compares the relative strength of a stock with the associated index. This indicator combines the relative strength with Weinstein's stage analysis. The indiacator was made for weekly stock charts only! BUY & HOLD Conditions (green): 1. Mansfield Relative Strength is above the zero line 2. Price is above the Simple Moving Average (30) 3. Simple Moving Average (30) is rising SELL & HOLD Conditions (red): 1. Mansfield Relative Strength is below the zero line 2. Price is below the Simple Moving Average (30) 3. Simple Moving Average (30) is falling It is recommended to end the trade when the trend changes. ********************************* Please always remember, there is no holy grail indicator!
Pine Script™ indicator
by fyntrade
1
Mansfield Relative Strength Trend'Stan Weinstein' developed an indicator called Relative Strength which compares the relative strength of a stock with the associated index (in this case the S&P 500). This indicator combines the relative strength with Weinstein's stage analysis. The indiacator was made for weekly stock charts only! BUY & HOLD Conditions (green): 1. Mansfield Relative Strength is above the zero line 2. Price is above the Simple Moving Average (30) 3. Simple Moving Average (30) is rising SELL & HOLD Conditions (red): 1. Mansfield Relative Strength is below the zero line 2. Price is below the Simple Moving Average (30) 3. Simple Moving Average (30) is falling It is recommended to end the trade when the trend changes. Default index is S&P 500, but you can change the index in the settings if you want. Please always remember, there is no holy grail indicator!
Pine Script™ indicator
by fyntrade
39
TEXAS 2 Step RSI-2 - Alerts Built-inBe sure to Add to Favorites (down below) and/or Like/Follow this script so that you will be alerted to UPDATES. Adding to Favorites makes it available in your list of Indicators. The Texas 2 Step is a lower indicator (arrows on candles added for reference) based on the RSI-2 Strategy made famous by Larry Connors. I use this indicator for: Timing Entries and Exits Trading Between Up/Ddown Signals Detecting Trends and Pull Backs I use this indicator by looking for the RSI-2 number going back inside the 10-90 range(gray) after being outside (red/green). This tells me the price is no longer at an extreme. You never know how many candles will remain in the extreme areas so wait for a candle to close inside the range. On longer time frames (daily/weekly) you will notice several candles will stay in the extreme areas resulting in 100 pips or more before returning to the inside range. In these cases you can go LONG/SHORT in the direction of the extreme area and close your position once it returns to the inside range. There are 4 Built-In Notifications already created for you and are available by simply right clicking in the indicator area and selecting: Condition: TX2Step v3 - RSI Then 1 of the 4 Alerts: Green Alert - RSI2 > 90 and line turns Green Red Alert - RSI2 < 10 and line turns Red Down - RSI2 < 90 after being in the top RSI2 > 90 area Up - RSI2 > 10 after being in the bottom RSI2 < 10 area I look forward to hearing your thoughts on the indicator and will definitely like to build upon this indicator and continue to update it. This adaptation was based off of the original code from the talented Chris Moody. Plenty of additional information about Larry Connors RSI-2 Strategy with PDFs and Backtests in the stock markets on the original Script.
Pine Script™ indicator
by Bonavest
16
Currency Relative Strengths V.2 [GM]Version 2 Updates Speed has been increased by ~7X Highest and lowest pairs now highlighted using brighter colors Re-ordered pairs from highest to lowest 'flight to risk' rating I created this tool for the purpose of determining strongest and weakest currencies over different periods of time. Each major currency is compared to the field of other majors and its average change is measured over a predetermined period of time. The result is displayed as a percentage. I use it for trend following but it can also be used to fade exhaustion. Instructions Add indicator to chart Select a time frame under settings Place cursor over period of interest Click "Data Window" on right hand side bar View % change avg values for each currency
Pine Script™ indicator
by glennmercer
5
Currency Relative Strengths [GM] - Data IndicatorI created this tool for the purpose of determining strongest and weakest currencies over different periods of time. Each major currency is compared to the field of other majors and its average change is measured over a predetermined period of time. The result is displayed as a percentage. I use it for trend following but it can also be used to fade exhaustion. Instructions Add indicator to chart Select a time frame under settings Place cursor over period of interest Click "Data Window" on right hand side bar View % change avg values for each currency
Pine Script™ indicator
by glennmercer
Hersheys CoCoThis is my variation of the Correlation Coefficient and I call it "Hershey's CoCo". The indicator identifies very specific Stock, Sector and Market pressures on whatever symbol you are evaluating. If interested, follow me and send me requests to evaluate your stock or sector as I refine this tool. *********************************************** Price movement does not happen in isolation. Stocks are held by various "containers" that can be traded independently and can affect the price of each stock. The most important of those containers are Sector and Market, while others include Industry, MarketCap and others. For example, Market is simply the top level representation of all stocks, or the sea that carries, or sinks, all ships. You can monitor this level by looking at various indexes, ETFs and/or Funds. I use "VTI", the Vanguard Total Stock Market ETF. Sectors can be monitored using any number of containers, like Vanguard Sector Index Funds or ProShares Ultra Sector Indexes. I use the S&P SPDR Sector Funds. A list of those are listed below. Most of the techniques and indicators that deal with correlation and sector/market comparisons are not very detailed. Many simply overlay one price series over another, while you tediously follow the price lines from left to right trying to judge movement. Another critical piece missing from other compare tools is normalizing each data series. Hershey's CoCo does this, so you can have confidence that the alerts you see are based on accurate comparisons at every level. *********************************************** So let's get to the details! Hershey's CoCo currently compares 2 containers, so for this discussion we'll do Stock to Sector. You'll see arrows above and below some ticks of the price chart, plus a faint red or green background color. Very Bull = Blue Arrow = Stock and Sector prices are up, Stock price up more Bull = Green Arrow = Stock and Sector prices are up, Sector price up more Bear = Red Arrow = Stock and Sector prices are down, Sector price down more Very Bear = Black Arrow = Stock and Sector prices are down, Stock price down more Neutral = No Arrow = Stock and Sector price movement equal Arrow Length = Strength (the longer the arrow the bigger the difference) Green Background = Bull = Above zero Simple Moving Average of all arrow values Red Background = Bear = Below zero Simple Moving Average of all arrow values To review, the Blacks and Blues are the HEAVIEST pressure... the LONGER the STRONGER!
Pine Script™ indicator
by bnh
8