TFS: MBO Backtest MBO indicator is the third component of TFS trading system. This indicator
was developed by Bryan Strain and Mark Whitley.
The idea of MBO is similar to moving average convergence/divergence (MACD)
indicator. It is calculated by subtracting the 200-day moving average from
the 25-day moving average.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Tfs
TFS: Volume Oscillator Backtest This is the second part of TFS trading strategy. The concept of this
indicator is similar to that of On-Balance Volume indicator (OBV). It
is calculated according to these rules:
If Close > Open, Volume is positive
If Close < Open, Volume is negative
If Close = Open, Volume is neutral
Then you take the 7-day MA of the results.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
TFS: Tether Line Backtest Tether line indicator is the first component of TFS trading strategy.
It was named this way because stock prices have a tendency to cluster
around it. It means that stock prices tend to move away from the midpoint
between their 50-day highs and lows, then return to that midpoint at some
time in the future. On a chart, it appears as though the stock price is
tethered to this line, and hence the name.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
