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Elder momentum strategy
In a follow up to the already publisehd Elder indices would it be possible to code the momentum strategy he proposes in his book?
The rules can be described as follows:
Buy signals (indicated by a blue dot)
if MACD (12,26,9) histogram is rising (on the close today>yesterday) AND EMA (13, close) is rising,
sell signal (red dot) if MACD (today) < MACD (-1) AND EMA is falling.
no dot if just one is true.
It is a simple strategy, but looks promising for ST trading
The rules can be described as follows:
Buy signals (indicated by a blue dot)
if MACD (12,26,9) histogram is rising (on the close today>yesterday) AND EMA (13, close) is rising,
sell signal (red dot) if MACD (today) < MACD (-1) AND EMA is falling.
no dot if just one is true.
It is a simple strategy, but looks promising for ST trading
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