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Six Sigma Enhanced

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This script is a study of the Two Six Sigma patterns explored in the December 2018 issue of Technical Analysis of Stocks & Commodities (Stocks & Commodities V. 36:12 (8–12): Identifying High-Probability Buy Signals by François Picard, MS , & Edmond Miresco, PhD )

Signal 1 - 9 Closes Under MA

The first (Signal #1 or S1 on the chart) indicates 9 consecutive closes below the 20-period moving average. In the study, the authors used a simple moving average however I have modified it to use a MA to account for price distribution

Signal 2 - 6 Lower Closes and 9 Closes Under MA

The second signal (Signal #2 or S2 on the chart) indicates six consecutive periods where the close value is lower than the previous close and Signal 1.


Filter Signal Code provided by tradingview.com/u/AllTradeSignals/
Note di rilascio
SMA is used to calculate plot line
Note di rilascio
migrated to v5

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