In my free time I felt like coding this strategy, and after backtesting it, it appears that the 30m time frame is the most profitable.
I only have been working on it for gold, but it should work similarly for silver as well.
This includes no pyramiding, and with pyramiding orders of 5, this strategy is upwards of 100% profitable.
Buy order - when price is above...
About the Oscillator :
The Rex Oscillator is a study that measures market behavior based on the relationship of the close to the open, high and low values of the same bar. The theory behind the Rex Oscillator is that a big difference between the high and close on a bar indicates weakness. Conversely, wide disparity between the low and close indicates...
Three RSI in one window allows different time frames to be seen on one chart. Also have a look what happens when the time frames cross.
Default setting is : 9, 18, 27 Adjust to fit your needs.
*Get Rekt at your own risk*
Tips BTC: 13CJxLuCKmccDvJDDrxa57NUKy7UEXFogz
This indicator plots any two securities as a spread ratio using either +,-,/, or *.
It also allows you to use a simple moving average of length 1 to n for your spread ratio.
If you know what you want to do but don't know how to code it, we can work it out, you can float me some cheese on paypal and I'll do a nice job. This indicator is yours for free.