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RolandoSantos
9 okt 2020 02:20

TKP McClellan Summation Index Stochastics Strategy 

ProShares UltraPro QQQNASDAQ

Beskrivning

This strategy uses NYSE McClellan summation Index as an input for Stochastics to produce Buy/Sell signals. Buy signal is produced when Stochastics K Line Closes over 50, and Sell signal when closes under 50.

Info on McClellan Summation Index: investopedia.com/terms/m/mcclellansummation.asp

Info on Stochastics: investopedia.com/articles/technical/073001.asp


Simple yet effective strategy, let me know if you have any questions!

Versionsinformation

I've added two things in this update.

1. Time stamp so you can now back-test from a different start date... for example, since 2019, the strategy is 90% profitable on TQQQ.

2. I added the ability to change the threshold on Buy/Sell crossover level.
Kommentarer
cooney_s
Nice addition to the library. Stochastics are misleading unless those using it are proficient at cycle analysis. In my opinion, TSI, True Strength Index offers far superior output. :)
liten
@cooney_s, Hey Cooney! Thanks for the suggestion ! this got me interested, I have a love -hate relationship with the Stochastics
My experience is that it is
- more correct going upwards than downwards
- works better in longer time frames and worse in shorter ones
sometimes it leads me astray completely
what is the advantage of the TSI over Stochastics in your opinion?
- on which timeframes do you use it and with which settings for 1 m, 3 m 1h, 4h, etc.
Thanks
L
cooney_s
@liten, see private messge
RolandoSantos
This strat is only meant for daily timeframe... McClellan summation index is an EOD data point
PGX-X
Unsupported Resolution Error on all time frames won’t load ! Please fix buddy love your work ... Also trying to find an FSTO and nobody seems to make one with the classic defaults that Webull makes for their FSTO . It’s simple but I do not do pine script ;)
dpanday
I can't see any signals on any pair
genkir
How to make it work with another resolution?
imranikhan
Thanks for sharing Rolando. Let me know if there's any way I can contribute/donate to you or charities you support
Mer