TKP McClellan Summation Index Stochastics Strategy by RolandoSantos

This strategy uses NYSE McClellan summation Index as an input for Stochastics to produce Buy/Sell signals. Buy signal is produced when Stochastics K Line Closes over 50, and Sell signal when closes under 50.

Info on McClellan Summation Index:

Info on Stochastics:

Simple yet effective strategy, let me know if you have any questions!

Release Notes:

I've added two things in this update.

1. Time stamp so you can now back-test from a different start date... for example, since 2019, the strategy is 90% profitable on $TQQQ.

2. I added the ability to change the threshold on Buy/Sell crossover level.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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