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.
is an indicator similar to DM+ developed by Welles Wilder.
The DM+ (a part of System which includes both
DM+ and DM- indicators) indicator helps determine if a security is
"trending." The differences between the indicators are in the somewhat
different calculation methods.
- For purpose educate only
- This script to change bars colors.
alertcondition(possig != possig and possig == 1, title='Signal Buy', message="Buy")
alertcondition(possig != possig and possig == -1, title='Signal Sell', message="Sell")
Thank You! Appreciate it.