a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
This System was created from the Book "How I Tripled My Money In The
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 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 Fast Oscillator is higher than 50.
The displays the difference between two exponential
moving averages of a security's price and is expressed as an absolute value.
How this indicator works
APO crossing above zero is considered , while crossing below zero is .
A positive indicator value indicates an upward movement, while negative readings
signal a downward trend.
Divergences form when a new high or low in price is not confirmed by the Absolute Price
Oscillator (APO). A forms when price make a lower low, but the APO
forms a higher low. This indicates less downward momentum that could foreshadow a
reversal. A divergence forms when price makes a higher high, but the APO forms a
lower high. This shows less upward momentum that could foreshadow a reversal.
- This script to change bars colors.
You say Repaint : YES.
Not sure why this would repaint (other than on the 'current' bar) ?
If trade is taken on the bar next to the pos change, I believe it should not have a repaint issue. This is what one would see if a strategy is built with "pos" change. It will be great if you could clarify.