Hello all, This signal is created based on Jesse Livermore's formula, I have tried to enhance it by including other elements to make the experience better and rewarding. 1. Swing Highs and Swing Lows: >Identifies a swing high when the current high is higher than the highs of the specified number of bars to its left and right. >Identifies a swing low when the...
When the market is giving the signals for bullish trend, which shows the shorter period exponential(20) moving average crossing the longer period moving average(50), with a strength shown in the market i.e. RSI greater than 40. So when all these conditions are met a buy signal is generated in output (Output of Ema cross and Rsi) having value as 1. So a trader can...
This indicator simply determines if the relationship of the close was close to the High or the Low of the day and provides you with a ten day running total. You are allowed to adjust what the actual proximity of the extreme parameters must be in order to be counted. The default is 10 for the low and 90 for the high. This indicator takes a ten day cumulative...