Default parameters 1. RSI at 9. Over brought & Under sold to 50 to be used as a median. This can be altered to the traditional 70:30 or 60:40 2. WMA at 21 3. EMA at 3, Exponential for Intraday trades
hi. first thanku for sharing this. but I have a doubt in your heading "Key Factor Traced" where you have written - Volume: WMA (Weighted Moving Avg .) What you are saying is through WMA you are tracking volume. but that's not true. Weighted Moving Average doesn't consider Volume , it's simply giving more weightage to the latest prices while calculating moving average. Could you pls check and confirm here that you wanted to use WMA or VWMA which is Volume Weighted Moving Average.
jaymakwana50
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how to backtest this ??
Abhi-Enn
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Can you also add VWMA in it?
svb2006
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NEED AMIBROKER AFL FOR THIS
sreeramu
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why you had used sma at the place of wma , can i know the reason.?
abhaynair
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@sreeramu, This was a bug i missed. Thank you for bringing this up. I have updated the script to reflect WMA parameters instead of SMA.