i use it of weekly chart for lower noise
i used it to trade german xetra stocks
i only wanna stocks with a total tradet volume (close * volume) of 3 mio euro (you can change this value)
no optimization needed
give every week a lot hits – pick the cherrys you want to trade
simple bread and butter strategy often used with naked price action.
// Trend Template
c1 = Average[13](close) > Average[26](close)
c2 = Average[26](close)> Average[52](close)
c3 = average[52](volume*close) > 3000000
n = 0
if barindex = 0 then
haOpen = open
haClose = close
elsif N = 0 then
haClose =(Open+High+Low+Close)/4
haOpen =(haOpen[1]+haClose[1])/2
elsif (barindex MOD N) = 0 then
haClose =(Open[N]+Highest[N](high)+Lowest[N](low)+Close)/4
haOpen =(haOpen[1]+haClose[1])/2
endif
c4 = haclose > haopen
c5 = haclose[1] < haopen[1]
c6 = haclose[2] < haopen[2]
c7 = haclose[3] < haopen[3]
SCREENER[c1 and c2 and c3 and c4 and c5 and c6 and c7 ](volume*close as "traded volume")