Combo Backtest 123 Reversal & Fractal Chaos Bands

First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
Stock market moves in a highly chaotic way, but at a larger scale, the movements
follow a certain pattern that can be applied to shorter or longer periods of time
and we can use Fractal Chaos Bands Indicator to identify those patterns. Basically,
the Fractal Chaos Bands Indicator helps us to identify whether the stock market is
trending or not. When a market is trending, the bands will have a slope and if market
is not trending the bands will flatten out. As the slope of the bands decreases, it
signifies that the market is choppy, insecure and variable. As the graph becomes more
and more abrupt, be it going up or down, the significance is that the market becomes
trendy, or stable. Fractal Chaos Bands Indicator is used similarly to other bands-indicator
(Bollinger bands for instance), offering trading opportunities when price moves above or
under the fractal lines.
The FCB indicator looks back in time depending on the number of time periods trader selected
to plot the indicator. The upper fractal line is made by plotting stock price highs and the
lower fractal line is made by plotting stock price lows. Essentially, the Fractal Chaos Bands
show an overall panorama of the price movement, as they filter out the insignificant fluctuations
of the stock price.
WARNING:
- For purpose educate only
- This script to change bars colors.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.
Declinazione di responsabilità
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.