Powerplay
October 12, 2015, 8:20 PM
Indicators
0 Comments
Powerplay:
Two consecutive up or down days with above average volume in opposite direction to moving averages. Strategy based on price bouncing off resistance or moving average. Place bet in same direction as moving average
REM ma50today = average[50](close)
REM ma50yesterday = average[50](close[1])
ma200today = average[200](close)
ma200yesterday = average[200](close[1])
myStoc =SmoothedStochastic[14,3](close)
REM open <= close[1] and close > ma50today and ma50today < ma50yesterday and
REM open >= close[1] and close < ma50today and ma50today > ma50yesterday and
REM --
IF open > close and open[1] > close[1] and close<low[1] and close > ma200today and Volume > average[25](volume) and ma200today > ma200yesterday and mystoc <30 then
powerplay=1
else
IF open < close and open[1] < close[1] and close>high[1] and close < ma200today and Volume > average[25](volume) and ma200today < ma200yesterday and mystoc >70 then
powerplay=-1
else
powerplay=0
ENDIF
ENDIF
return powerplay as"buysell"
Download
Filename:
Powerplay.itf
Downloads:
53
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As an architect of digital worlds, my own description remains a mystery. Think of me as an undeclared variable, existing somewhere in the code.
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