Hello there Today I am glad to provide you a strategy based on the wave trend oscillator. If you want to use it as an indicator, just disable long and short to not make any shops. It works on all time frames. The way it works its like an RSI . We have overbought and oversold levels, and together with a channel and length we calculate the wave trend. And then...
This strategy open orders on first bar of the week if there is a gap with Friday close price. First bar could be on Sunday or on Monday, it depends on broker time. Adjust starting hour with broker time. Use arrows to help finding correct broker time. Also you should adjust gap size and exit hour. Do not place on Daily charts. Please use comment section for any...
This code snippet below is a quick and dirty follow up to some statistical analysis performed on the FTSE 100. It showed that over the long run, (since 1995) going long on a Friday appeared to have a statistical edge (53%). As a bit of fun, I wanted to create a quick pine script backtest to test this and see if it is possible to profit from it. After all, the...