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Help writing this complex strategy
The level of ADX can help us to decide which system to use at a given point of time.
How to accomplish this goal
PLOT ADX(14) ON CHART.
IF...
1)ADX is below 20 - USE OSCILLATOR BASED SYSTEM(STOCHASTIC ETC.)
2)ADX is above 30 - USE TREND FOLLOWING SYSTEM(MACD ETC.)
3)ADX is at 45 or above it - Be in trade with strict stoploss.
4)ADX IS RISING FROM LEVEL BELOW 18 AND THEN GOING ABOVE 23 - USE TREND FOLLOWING SYSTEM
5)ADX DECLINING FROM LEVEL ABOVE 30 AND THEN GOING BELOW 27 - USE OSCILLATOR BASED SYSTEM
//MACD
r1 = Param( "Fast avg", 12, 2, 200, 1 );
r2 = Param( "Slow avg", 26, 2, 200, 1 );
r3 = Param( "Signal avg", 9, 2, 200, 1 );
ml = MACD(r1, r2);
sl = Signal(r1,r2,r3);
//stochastic
periods = Param( "Periods", 15, 1, 200, 1 );
Ksmooth = Param( "%K avg", 3, 1, 200, 1 );
Dsmooth = Param( "%D avg", 3, 1, 200, 1 );
periods = Param( "Periods", 15, 1, 200, 1 );
k=StochK( periods , Ksmooth);
d=StochD( periods , Ksmooth, DSmooth );
//ADX
range = Param("Periods", 14, 2, 200, 1 );
Avdx=ADX( range);
How to code that use MACD when the ADX is rising ( above mentioned conditions)or
how to code that use stoch when adx is declining( above conditions)
Deepak Patade, X - 1992, Nasik.
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