Combo Strategy 123 Reversal & Fractal Chaos Oscillator

This is combo strategies for get a cumulative signal.

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
The value of Fractal Chaos Oscillator is calculated as the difference between
the most subtle movements of the market. In general, its value moves between
-1.000 and 1.000. The higher the value of the Fractal Chaos Oscillator, the
more one can say that it follows a certain trend – an increase in prices trend,
or a decrease in prices trend.

Being an indicator expressed in a numeric value, traders say that this is an
indicator that puts a value on the trendiness of the markets. When the FCO reaches
a high value, they initiate the “buy” operation, contrarily when the FCO reaches a
low value, they signal the “sell” action. This is an excellent indicator to use in
intra-day trading.

- For purpose educate only
- This script to change bars colors.
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great indicator, thanks for sharing!
+1 Resposta
and also let us know how to use
mfejza Veer_66
put script on the chart, when bar in color
green: only buy zone
red: only sell zone
navy: neutral zone or continual zone from last zone
Hi, It's not working.. there is some error

Hey. looks great. not able to test the strategy also it would be better to have alerts for Buy and Sell on the indicator.
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