Buy and Hold entry finder StrategyHello everyone!
I proudly present the backtest Strategy Script for my "Buy and Hold entry finder" Script.
It basically shows you the outcome, if you would use my indicator in the past.
The buy signals are limited to 1 order per month.
Order Size: Allows you to choose, how much money you want to invest per month. (Please consider, it will only invest an x amount per Order, but it will not stack the amount you did not invest in an previous month ) (Example in my indicator)
Pyramiding: Just regulates, how often you can open an position.
Commission: Here you can set how much it will cost to open an position at your broker.
I coded a feature that allows you to set a Start Date and an End Date for your backtest. In the end of the backtest the script closes all positions.
If you got any question, feel free to ask in the comments or send me a message.
Sincerely, RS Titan.
Investing
Nico's SPX Dynamic ChannelsTest of dynamic channels and some statistics made by hand.
This indicator was done specifically for the S&P500 index.
As you can see, below the 125 EMA there's a lot more volatility than in the upside. I've made some kind of a dynamic linear regression of the lows and the highs.
I've chosen the MA that best fits the SPX, and then calculated in Excel the percental mean and SDs of most important peaks and valleys that I've chosen in comparison to the 125 MA. This lead to the green, orange and red zones. BUT, I've calculated the peaks and valleys separately, as I assumed that a bear market and crashes have way more volatility than bull markets. That's why the difference between the upper and the lower channels.
The neutral blue zone is composed by an upper EMA of the highs and lower EMA of the lows. No MA in this script uses the close price as a source.
This MA makes sense because it represents a semester of trading, for this particular asset.
Backtest results
It's also interesting to try it here too, as it has a little bit more of data:
SPCFD:SPX
As it's not a trading system, I have no batting average nor ratios for this.
Still, the measures of the peaks and valleys are very accurate and repeat themselves over and over again. The results were:
3rd resistance: 12.88%
2nd resistance: 10.12%
1st resistance: 7.36%
1st support: -6.42%
2nd support: -14.8%
3rd support: -23.18%
All referred to the mean, which is the 125 EMA zone.
After the 1950's works like magic, but not before. You will see that it doesn't work in the great depression and it's crash.
How to use this indicator
Green = First grade support/resistance .
Orange = Second grade support/resistance . Caution.
Red = Third grade support/resistance . High chances of mean reversal.
Blue zone = This is the neutral zone, where the prices are not cheap nor expensive.
Often in a trending market, the price will have the blue zone as it's main support and when trending the price will stick to the green MA.
When the price touches the orange MA, the most probable is that it will return to the green MA.
If the price touches the red zone, there's a high chance that this is a big turning point and it will reverse to the mean (green or blue zone).
Imagine you've bought each time the price touched the red support, check that and you'll start liking this indicator. I think it is a great entry point for investors. The red resistance is good too, but of course it works for a short period of time.
I've backtested this indicator since the beginning of the dataset and it works like magic, but ONLY for the SPX index (spot price).
Leave a comment or some coins if you like it!!!
(I've posted it before like an analysis, not as a script, my bad)
Long RSIThe RSI is a technical indicator generally used with the general setting being 14 days, and often shorter.
The accepted view is that a level of 70 indicates overbought conditions, and 30 indicates oversold conditions.
A short RSI setting will give signals quite often, and they might sometimes contradict each other.
As a individual investor, perhaps with a background in fundamental analysis, the RSI might be overlooked for other fundamental metrics.
But the idea here is that longer RSI settings can be used for investing.
The problem that arises is how to know when the indicator has reached a level that is either overbought or oversold.
This script solves that by using a specific look back period (selectable, but the standard is 1 year), and plotting the highest/lowest value that the RSI has had for that time period.
The idea is that a buy signal occurs when the indicator is at a 'historic' low, and a sell signal occurs when it at its 'historic' high.
Since you generally want to buy when the indicator is at its low, and has stopped decreasing, the script comes with a function that shows you when yesterdays value reached a historic low, but todays value is higher than yesterday.
This is shown by a color change of the background to green. The same is true, but opposite, for sell signals and then the background turns red.
THIS IS NOT TRADING ADVICE, AND YOU SHOULD ALWAYS DO YOUR OWN RESEARCH
GOOD LUCK AND HAPPY TRADING
Mean Reversion w/ Bollinger BandsThis is a more advanced version of my original mean reversion script.
It employs the famous Bollinger Bands.
This robot will buy when price falls below the lower Bollinger Band, and sell when price moves above the upper Bollinger Band.
I've only tested it on the S&P 500, though you could try it out on other assets to see the backtest performance.
During the recent COVID-19 bear market drop, it produced several buy signals on the S&P which I followed, and made some nice gains so far.
I still think this would make a better investing strategy (buy undervalued / sell over-valued), rather than a trading strategy.
I use this robot for my long term portfolio.
Investing - Weekly EMA's mapped to Daily ChartWhen there isn't enough time in your day to day-trade, yet you want to utilise all the technical analysis skills you have... why not make a long term investing or swing trading indicator set to help you along the way!
So I did....
When it comes to long term investing and swing trading, I often find the weekly 12/26/52 EMA's do a great job in capturing the main market swings from bull to bear.
However, I like to use the Daily chart to see the candle patterns and shapes with more detail and divergences often show up better on the daily chart.
So I have decided to combine the two!
I have basically taken the EMA 12/26/52 from the weekly and transferred them over to the daily (mathematically they are not exact, but for me they are close enough).
I have also developed a simple scale in / scale out strategy for using these exponential moving averages. It isn't as simple as buying in on each signal, however I use my own special strategy to take advantage of the alerts.
Enjoy!
Buffet indicatorI was tired of not having something to compare the real economic strength of a country (US only for now...) to it's companies valuations.
So I made my own! Trading view does not have the wilshire indice, but it has the Rus 3000, good enough, & the US GDP since 1946 so this is what I am using.
Warren Buffet is famous for liking this so now the idea has its name. Let's call it the Buffet indicator (I doubt the only one that had the idea).
This indicator can be used on any indice thought, even on specific stocks.
You can even use it as a filter with an alarm (ofc not to be used on its own but patient people can really go far if they ONLY invest when the ratio is at the bottom, just as long as it is in the right companies):
One could invest in the middle of the highest green area (waiting for it to go too low = risk missing out), and add more when it goes to the second green area, for example. You sort it out.
Enjoy! See you on Mars luxury station in 25 years (the one I will build).
Try to go long at a moving averageA simple experimental strategy that tries to go long at a moving average bounce / support level, and looks for upside.
Candle patterns below/above MABuy or sell candle patterns below or above MA
EMA_for_1D-EMA to use for 1D chart
Period_- highest/lowest days to put SL
Mercurius.a.m
Mercurius.a.m@gmail.com
