About the Indicator
Basically it's the strategy of 2 indicators: Oscillator to define the bias and to confirm it.
One again, It uses Oscillator to define the trading bias. In particular, the trading bias was deemed when the weekly 14-period Oscillator was above some default value (in him paper - 50) and rising and vice versa.
Once the trading bias is established, Steckler used the ( ) to define a slowdown in the trend. measures the strength of the trend and a move below 20 signals a weak trend.
I didn't implement ( ) and test just different sources for data, oscillator periods and different levels in relation to the crypto market.
So, it shows good results with two tight thresholds at 55 and 45 level.
The bar chart below the defining the and periods (green and red) and gives a signal to enter the trade (purple bars).
Backtested on XBTUSD , BTCPERP (FTX) pairs. You may notice it shows good results on 3h timeframe.
Relatively low drawdown
~ 10% (from 2019 to date) FTX
~ 22% (4 years from 2016) Bitmex
I backtested on the different altcoin pairs as well, but the results were just not good.
Relatively good results were shown by some index pairs from the FTX exchange ( FTX:SHITPERP ), but I think there is a few data for backtesting to be asure in them.
Bitmex 3h (2017 - 2020) :
FTX 3h (2019 - 2020):
- Regarding trading algorithm it would be good to check with strategy with somehow. Maybe for the better entries
- As for Risk Management system, it can be improved by adding trailing stop to the strategy.
Với tinh thần của TradingView, tác giả đã xuất bản tập lệnh theo mã nguồn mở, vì thế trader có thể dễ dàng hiểu và tùy chỉnh được. Bạn có thể sử dụng miễn phí, hoặc tùy chỉnh lại mã đã được cấp phép bởi Quy tắc Chung. Bạn có thể sử dụng nó trên biểu đồ.