Trend Following Indicator inspired by Michael Proffe
June 19, 2018, 7:30 AM
Indicators
1 Comment
Michael Proffe ist a german trend follower who uses 4 indicators (macd, momentum, williams percent and rsi) to detect the bear and bull phase from a stock.
the settings are a secret from michael proffe. i thougt about the indicator and created my own one with all 4 indicator to one signal. bull or bear phase.
only use it on daily chart time frame.
c1 = MACDline[12,26,9](close)
c2 = RSI[70](close)
c3 = Momentum[60](close)
c4 = Williams[70](close)
if c1 >= 0 then
result = 1
else
result = 0
endif
if c2 >= 50 then
result1 = 1
else
result1 = 0
endif
if c3 >= 0 then
result2 = 1
else
result2 = 0
endif
if c4 >= -50 then
result3 = 1
else
result3 = 0
endif
c5 = (result + result1 + result2 + result3)/4
c6 = average[5](c5)
if c6 > 0.49 then
result4 = 1
else
result4 = -1
endif
return result4,0
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Filename:
Trend-Following-indicator.itf
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secundary school-education to banker staff-multiple host part time - economist partime like: reading-thinking biases and chess.
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