This is another part of my research work, where I test a combination of two strategies, receiving a combined signal. In order to understand which indicator combinations work better, which work worse, as filters for trades. This is combo strategies for get a cumulative signal.
First strategy This indicator plots 2/20 exponential moving average. For the Mov Avg X 2/20 Indicator, the EMA bar will be painted when the Alert criteria is met.
Second strategy The Commodity Channel Index (CCI) is best used with markets that display cyclical or seasonal characteristics, and is formulated to detect the beginning and ending of the cycles by incorporating a moving average together with a divisor that reflects both possible and actual trading ranges. The final index measures the deviation from normal, which indicates major changes in market trend.
Strategy tester settings: Initial capital: 1000 Order size: 0.5 Commission: 0.1% Other as default.
Indicator settings: EMA Length: 50 CCI Length: 10 Fast MA Length: 15 Slow MA Length: 20 Other as default.
WARNING: - For purpose educate only - This script to change bars colors.
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 publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.
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