Buy and sell zones

Forums ProRealTime English forum ProOrder support Buy and sell zones

Viewing 10 posts - 1 through 10 (of 10 total)
  • #66599

    Hi, I’d like to create a graphical representation for buy/sell zones.  I’d like to do this using a support/res code that I made.  It’s based on PSAR so that it doesn’t look ahead and can be used for backtesting.  The line is shifted 8 bars to the right.  If it works maybe I can add it to the library.

    Idea is that a close under the line is in the buy zone, or maybe a cross above = buy.   Any thoughts how I can improve it?  Thanks.

     

     

    #66653

    Thank you, I tried your indicator but found it difficult to know how to interpret this support/resistance line?

    #66689

    The plotted line is just the buy zone; haven’t done the sell zone yet.  It works a bit like Bollinger bands.

    If you add a parameter ‘x’ to this line:

     

    …you can shift it around and find where it gives the best signals.  I like to buy when it crosses back above the line from oversold.

    #66707

    Oh I understand now, looking forward for the next step of your development 🙂

    #66886

    This version adds high volume down bar as a buy condition.  Nicolas, would you mind backtesting on more data please?  I only have limited data through IG.

     

     

    #66998

    What I am supposed to backtest please? (instrument, timeframe..). I also do not have your indicator on my platform 🙂 (SAR supp line and SAR res line)..

    You should add the .itf file in your next post, it will come with the indicators as well.

    #67019

    Overwhelmed now.  Have to do it another time.

    #67090

    Add n and n1 to price pane.

    Sys.txt is the backtest file.

    Nicolas can you please test on DAX, WallSt and CL (2hr, 1hr, 30m and 5 m)?  Let me know if there’s any issues.  Thanks.

    #67108

    I moved the topic to automatic trading section. I add your library post at the end of the topic, because I think it would need more refinement before posting it there. Thanks a lot for this indicator and strategy ideas, I still did not have time to test it. Maybe someone will do before me? So n and n-1 are indicators and sys is the strategy.

    Did you made backtest on your side already?

    #67123

    So n and n-1 are indicators and sys is the strategy. Did you made backtest on your side already?

    Yes.

    Yes, but it trades infrequently and I have only the data IG gives me, so the backtest is meaningless on such a tiny dataset (as is WF analysis).

Viewing 10 posts - 1 through 10 (of 10 total)

Create your free account now and post your request to benefit from the help of the community
Register or Login