Price X volume relative trade algo

16 thg 11, 2017

The script multiplies the price time the volumes. Than relatively calculates whether the stock or product is oversold or overbought. One can subsequently set when to go short or when to go long. The way it works is that there is a small 1 for a long and a -1 for a short. If it is 1 and the followed by a 2 one has a profit. If a -1 is followed by a -2 you traded a short with a profit.

If however a 1 is followed by a -1 you lost a long. Vice verse for the short: if the -1 is followed by a 1 you have a loss.

Once can also set a target and arrange the stop loss they way you want. A little bit complicated with many parameters to set in the setting window. But for the one who has the patient to understand the script I believe it can be very useful.

Jan de Korver:
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