QuantCat 15M Crypto Trend StrategyQuantCat 15M Crypto Trend Strategy
This strategy will allow you to absolutely smash the Crypto/USD pairs. We have optimised this strategy to work best for the Crypto/USD pairs on the 15 minute time frame. There are 4 pairs that we optimised the strategy to work for. There are a few main steps are as follows to use the strategy in it's most efficient manner-
1. Pyramiding orders needs to be set to 2 for maximum efficiency of the strategy.
2. 15 Minute timeframe needs to be applied (obvious, we know)
3. Pairs we used to optimise and backtest the strategy should ideally be used when using the strategy-
BTC/USD
ETH/USD
LTC/USD
BCH/USD
We have a list of Visual and Technical features that are implemented into our strategy to make sure it is easy to use, consistent and giving it the highest chance of being profitable.
Visual Features
Colored candles- a visual to notification of an entry.
Stop-loss line- a horizontal red line to show the user where the stop-loss has been placed. Our testing proved a horizontal stop was more profitable than implementation of a trailing.
Price Bands- a dynamic price band to show the direction of the trend and support zones.
Technical Features
Trend Confirmation- Our algorithm fires entries only on trend confirmation and looks to trade the move for as long as it can, while also filtering out any false entries.
Aggressive and Conservative Entries- Two different types of entries have been incorporated in the strategy to maximise profit.
If you have discord alerts access, be sure to watch out in the discord for entries!
Pesquisar nos scripts por "algo"
Combo Backtest 123 Reversal & Chande Forecast 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 Chande Forecast Oscillator developed by Tushar Chande The Forecast
Oscillator plots the percentage difference between the closing price and
the n-period linear regression forecasted price. The oscillator is above
zero when the forecast price is greater than the closing price and less
than zero if it is below.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Chaikin Volatility 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
Chaikin's Volatility indicator compares the spread between a security's
high and low prices. It quantifies volatility as a widening of the range
between the high and the low price.
You can use in the xPrice1 and xPrice2 any series: Open, High, Low, Close, HL2,
HLC3, OHLC4 and ect...
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Strategies 123 Reversal and 3-Bar-Reversal-Pattern This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
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.
Secon strategy
This startegy based on 3-day pattern reversal described in "Are Three-Bar
Patterns Reliable For Stocks" article by Thomas Bulkowski, presented in
January,2000 issue of Stocks&Commodities magazine.
That pattern conforms to the following rules:
- It uses daily prices, not intraday or weekly prices;
- The middle day of the three-day pattern has the lowest low of the three days, with no ties allowed;
- The last day must have a close above the prior day's high, with no ties allowed;
- Each day must have a nonzero trading range.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Center Of Gravity 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 indicator is based on moving averages. On the basis of these, the
"center" of the price is calculated, and price channels are also constructed,
which act as corridors for the asset quotations.
WARNING:
- For purpose educate only
- This script to change bars colors.
ck - CryptoSniper (Strategy) v2.1This strategy is radically different to the v1 script previously released.
It has ***NO REPAINTING*** - as such the algorithm had to change to remove it’s reliance on HMAs from future timeframes to establish trend, this is now accomplished with EMAs.
It is completely written in Pinescript v4.
It has integrated Stoploss and you can plot this & with the recommended Entry on the chart.
WARNING - This strategy has to be “tuned” to the instrument you are trading, for example, Bitcoin. The default settings work well for BTC/USD, XBT/USD on 15m chart timeframe but not for ETH/USD - it is possible the default settings will work with other crypto’s but I haven’t had time to test - if you find good settings PLEASE share them!
How to use:
1) Load up your favourite chart/instrument and select your favourite timeframe
2) Adjust the “signal” EMA and “baseline” EMA settings until you get the majority of uptrending moves highlighted with a green background and the majority of downtrending moves with a red background. The signal has to be faster (that is a lower number) than the baseline.
3) Adjust the “Sensitivity” - this will plot more green & orange Trigger points on the chart.
The strategy waits until in a trend, for example, a Long (green background) then waits for first green cross before opening a deal. It will Trigger a sell if the background turns red (downtrend) and a orange cross is printed.
4) Fine tuning:
A) Increase your profits by changing the Stoploss value - getting this right protects you from bad trades but also resets the indicator to provide another alert faster
B) You can increase the delay positions are opened or closed with the “Bar(s) offset to open position” and “Bar(s) offset to close position” settings. When you adjust these, 0 will buy/sell immediately when a Trigger cross is printed, 2 will wait until 2 bars/candles AFTER the Trigger cross prints to strat/close a position.
TIP: When adjusting indicator settings, load your chart and timeframe first.
Add the indicator/strategy (if you haven’t already).
Click the Strategy Tester tab at the bottom of the chart window so it is visible.
Open the strategy/indicator settings so you can see this wind AND the Strategy Tester display
Change a setting and click into a different setting input box, this will update the test results WITHOUT closing the settings window! This will save you a lot of time!
Write down any OK settings you find, you can come back later to fine tune them!
Please provide any feedback & let’s share the best settings for different crypto’s!
Combo Strategy 123 Reversal & CCI 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 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 these
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.
To put it simply, the Commodity Channel Index (CCI) value shows how the instrument is trading
relative to its mean (average) price. When the CCI value is high, it means that the prices are
high compared to the average price; when the CCI value is down, it means that the prices are low
compared to the average price. The CCI value usually does not fall outside the -300 to 300 range
and, in fact, is usually in the -100 to 100 range.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Bull Power 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
Bull Power Indicator
To get more information please see "Bull And Bear Balance Indicator"
by Vadim Gimelfarb.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Breakout Range Short 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
Breakout Range Short Strategy
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Breakout Range Long 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
Breakout Range Long Strategy
WARNING:
- For purpose educate only
- This script to change bars colors.
Alnami_Quantum_blocks v.4The (Al Nami Quantum Blocks v.4) script is based on Renko chart that is based on % move of the selected symbol. This is different from the traditional or ATR based Renko charts..
box size = user selected percentage x current price
Alnami Quantum Blocks Channel is composed of 5 levels that are calculated based on the box size:
1- Base
2- Green Box High (GBH) = Base + box size
3- Next Green Box trigger (GBN) = base + (box size x 2)
4- Red Box Low (RBL) = Base - box size
5- Next Red Box trigger (RBN) = base - (box size x 2)
Those levels will appear in the chart with the following order:
------GBN-------
------GBH-------
------BASE------
------RBL-------
------RBN-------
Usually when prices are trending up, the price will stay above the base for most of the time,, when it trending downwards, price stays below base most of the time..
Now how to time your entries based on the channel? This system is equipped with 4 strategies:
1) New Green Box:
When the channel draw a new green box, place a buy order
When the channel draw a new red box after a green box, place a sell order
2) Retracement:
The user have to select one of the above 5 levels to serve as a retracement level, namely, GBN-GBH-Base-RBL-RBN
When the current box is green and low price crosses below the selected level, place a limit buy order at the selected level
When the channel draw a new red box after a green box, place a sell order
3) Auto-Trailing System:
This strategy draws two levels based on a proprietary quantitative algorithm.
If the price is above both lines, place a buy order
If the price is below the lower line, place a sell order
Combo Backtest 123 Reversal & Bill Williams Averages. 3Lines This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
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
This indicator calculates 3 Moving Averages for default values of
13, 8 and 5 days, with displacement 8, 5 and 3 days: Median Price (High+Low/2).
The most popular method of interpreting a moving average is to compare
the relationship between a moving average of the security's price with
the security's price itself (or between several moving averages).
WARNING:
- For purpose educate only
- This script to change bars colors.
Renkomonster, v. 5.0RenkoMonster Elite
A radical redesign of our other approaches, RenkoMonster uses deep algorithmic and pattern tracking against standard systems to produce trade logic with the quietest, most actionable, signal-to-noise certainty. Designing around the right parameters brings the best results, and for investment instruments, that means focusing on market-mirroring mathematics that produce profits. Note, however, that focus on profits also means building an engine that maximizes for return, not some abstract percentage of right guesses. RenkoMonster is therefore built to enter every high-probability trade, then evaluate ongoing metrics to stay with a winner as long as possible, but also recognizing the need to exit quickly as soon as high-probability failure signals arise. The result: consistent winning trades, but, more importantly, immense profit-to-loss ratios that bring a superior payoff. RenkoMonster keeps you in the game to catch the huge runs that bring the big returns. (see Results Chart below) A premium trading system for the discerning investor seeking robust, effortless results across a range of asset classes, contact us for a free trial to test RenkoMonster on your favorite charts.
Results Chart
The backtests below show 1-year returns against a Buy and Hold (B+H) approach for 40 of the world’s top traded instruments (as measured by price volume or similar indicator). The RenkoMonster system was run on the top 10 instruments in four major markets: Equities, ETFs, Cryptocurrencies, and Forex. All tests were on a 30min chart, set to Renko “Traditional” blocks (because TradingView does not support realtime alerts from ATR-based charts). Block size was set proportionately to price to give the instrument positive results, but there was no “cherry-picking”. (In fact, changing time frames would have produced even better returns in some cases, but it seemed best to use a consistent measure.) Subscribers to the system receive a full, step-by-step breakdown on how to customize the parameters to get the best from their favorite markets.
(For each instrument, you see listed its Symbol (name), Profit % (annual return using RenkoMonster), Winning Trade % (being “right”), ProfitFactor (Ratio of money won to money lost), Max Draw Down % (point of worst % loss during the year), and B+H (how much the asset would have returned with no trades, via "buy-and-hold" )...)
RenkoMonste
Settings: 30 min, Traditional Renko box, over 1 year (June 1, 2018 - June 1, 2019)
EQUITIES
Symbol._.Profit Profit %._.Trade %._.Pf Max DrDn._.B + H
AMZN._.._.9,935._.._.._.._.66._.._..9.4._.._.._.1._.._.._.7
AAPL._.._.._318._.._.._.._.54._.._.._7.4._.._.._.2._.._.._.5
TSLA._.._32,777._.._.._.._.60._.._.._7.8._.._.._.2._.._.(-38)
FB._.._.._.._371._.._.._.._.46._.._.._5.4._.._.._.3._.._..(-7)
BABA._.._.._671._.._.._.._.55._.._.._6.3._.._.._.2._.._.(-23)
BYND._.._.._499._.._.._.._.67._.._..24._.._.._.._1._.._.140
MSFT._.._.._.271._.._.._.._.52._.._.._6.5._.._.._.2._.._..28
AMD._.._.._..539._.._.._.._.48._.._.._4.1._.._...13._.._.._0
NFLX._.._..8,695._.._.._.._.57._.._.._.7.4._.._.._2._.._.(-5)
BA._.._.._.1,448._.._.._.._..57._.._.._7.9._.._.._1._.._..97
ETFs
Symbol._.Profit %._.Trade %._.Pf._.Max DrDn._.B + H
SPY._.._.._.775._.._..66._.._..9.7._.._.1._.._.._.4
QQQ._.._.2,918._.._..66._.._.11._.._..1._.._.._.5
EEM._.._.._.463._.._..60._.._..7.1._.._.1._.._.._0
IWM._.._..2,060._.._..62._.._..9.1._.._.1._.._.(-3)
HYG._.._.._..18._.._..45._.._..2.2._.._.1._.._.._0.5
EWZ._.._.10,426._.._..62._...11._.._.._1._.._..26
LQD._.._.._..12._.._.._45._.._.2.3._.._.1._.._.._6
EFA._.._.._.236._.._.._52._.._.6.2._.._.1._.._..(-7)
FXI._.._.._..900._.._.._62._.._.8.3._.._.1._.._.(-15)
XLF._.._.._..393._.._...60._.._.6.8._.._.1._.._..(-3)
CRYPTOCURRENCIES
Symbol._.._.Profit %._.._.Trade %._.Pf._.Max DrDn._.B + H
BTC/USD._.100 million._.._.58._.._.12._.._.2._.._.._.(-8)
ETH/USD._.232 million._.._.54._.._..6.2._..4._.._.._(-54)
XRP/USD._.840 million._.._.52._.._..7._.._.4._.._.._(-21)
LTC/USD._.14 million._.._..51._.._..6.5._..5._.._.._..13
BCH/USD._.17 million._.._.51._.._..6._.._15._.._.._.(-5)
EOS/USD._.5 million._.._..49._.._..5.3._.._7._.._.._..13
BNB/USDT._.4 billion._.._..56._...15._.._..4.._.._.._128
BSV/USD._.299,000._.._.._.67._..109._.._..2._.._.._.(-8)
XLM/USD._.94 billion._.._..64._.._11._.._..3._.._.._..34
ADA/USD._.647,000._.._.._75._.._34._.._..1._.._.._.._3
FOREX PAIRS
Symbol._.._.Profit %._.Trade %._.Pf._.Max DrDn._.B + H
EUR/USD._.._.17._.._.._.37._.._.1.5._.._.2._.._.._.(-4)
USD/JPY._.._..9._.._.._..34._.._.1.2._.._.3._.._.._.(-1)
AUD/USD._.._.35._.._.._.45._.._.2.1._.._.2._.._.._.10
USD/CAD._.._.13._.._.._.35._.._.1.4._.._.3._.._.._..3
GBP/USD._.._.46._.._.._.38._.._.1.8._.._.3._.._.._.(-5)
NZD/USD._.._.39._.._.._.50._.._.2.6._.._.1._.._.._.(-6)
GBP/JPY._.._.66._.._.._.39._.._.1.9._.._.2._.._.._.(-6)
EUR/JPY._.._.25._.._.._.45._.._.2.1._.._.3._.._.._.(-5)
AUD/JPY._.._.65._.._.._.36._.._.1.9._.._.2._.._.._(-10)
EUR/GBP._.._.25._.._.._.45._.._.2.1._.._.3._.._.._..0.1
Three Line Break Backtest This is a modified version of the three line break price representation.
It is composed with 2 lines made of Close price values forming a “cloud”.
If the trend is bullish and the price breach the lower level of the green
cloud, a new bearish trend is taking place.
If the current trend is bearish and the price breakout the upper band of
the cloud, a new bullish trend is forming.
This is a “price action” indicator, signals may be filtered by long term trend
analysis with other indicators such as Supertrend for instance.
WARNING:
- For purpose educate only
- This script to change bars colors.
Ja, Vol - StrategyIncredibly sophisticated trading algorithm creates with non repaint take profit, re-entry and safety exit signals.
Combo Backtest 123 Reversal & Bear Power This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
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
Bear Power Indicator
To get more information please see "Bull And Bear Balance Indicator"
by Vadim Gimelfarb.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & (H-L)/C Histogram This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
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
This histogram displays (high-low)/close
Can be applied to any time frame.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Bandpass FilterThis is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
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 related article is copyrighted material from
Stocks & Commodities Mar 2010
You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal and ADXR This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
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.
Secon strategy
The Average Directional Movement Index Rating (ADXR) measures the strength
of the Average Directional Movement Index (ADX). It's calculated by taking
the average of the current ADX and the ADX from one time period before
(time periods can vary, but the most typical period used is 14 days).
Like the ADX, the ADXR ranges from values of 0 to 100 and reflects strengthening
and weakening trends. However, because it represents an average of ADX, values
don't fluctuate as dramatically and some analysts believe the indicator helps
better display trends in volatile markets.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal and Accelerator Oscillator (AC) This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
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 Accelerator Oscillator has been developed by Bill Williams
as the development of the Awesome Oscillator. It represents the
difference between the Awesome Oscillator and the 5-period moving
average, and as such it shows the speed of change of the Awesome
Oscillator, which can be useful to find trend reversals before the
Awesome Oscillator does.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal and Absolute Price Oscillator (APO) This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
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.
Secon strategy
The Absolute Price Oscillator displays the difference between two exponential
moving averages of a security's price and is expressed as an absolute value.
How this indicator works
APO crossing above zero is considered bullish, while crossing below zero is bearish.
A positive indicator value indicates an upward movement, while negative readings
signal a downward trend.
Divergences form when a new high or low in price is not confirmed by the Absolute Price
Oscillator (APO). A bullish divergence forms when price make a lower low, but the APO
forms a higher low. This indicates less downward momentum that could foreshadow a bullish
reversal. A bearish divergence forms when price makes a higher high, but the APO forms a
lower high. This shows less upward momentum that could foreshadow a bearish reversal.
WARNING:
- For purpose educate only
- This script to change bars colors.
