Home
    Product
    Support
    Purchase
    Company

Advanced trading software: technical analysis and neural networks

Empowering wise traders

Support Center
Publications
Tradecision FAQs
Improvian Consulting
Contact Support Team
Knowledgebase
Collection of Indicators
Custom Indicators
Custom Studies
TASC Traders' Tips
Active Trader Strategies
Golden Trading Rules
Traderís Quiz

Custom Indicators
Name: The Wilson Relative Price Channels
Description:

In “The Wilson Relative Price Channels” author Leon Wilson illustrates how to quantify the relationship between price action and strength. Based on his observation and the indicator created, we can build a trading strategy using Tradecision’s Strategy Builder. 

 

Entry Long
var
   Len := 30;
   OverB := 55;
   OverS := 45;
   RsiVal := RSI (Close, Len);
   OB := RsiVal - OverB;
   OS := RsiVal - OverS;
end_var
{avoiding wrong signals}
if HistorySize < Len * 2 then return false;
{generating a signal}
if CrossBelow (Close, Close - Close * OB / 100) then return true;

return false;

Exit Long
var
   Len := 30;
   OverB := 55;
   OverS := 45;
   RsiVal := RSI (Close, Len);
   OB := RsiVal - OverB;
   OS := RsiVal - OverS;
end_var
{avoiding wrong signals}
if HistorySize < Len * 2 then return false;
{generating a signal}
if CrossAbove (Close, Close - Close * OB / 100) then return true;

return false;

Entry Short
var
   Len := 30;
   OverB := 55;
   OverS := 45;
   RsiVal := RSI (Close, Len);
   OB := RsiVal - OverB;
   OS := RsiVal - OverS;
end_var
{avoiding wrong signals}
if HistorySize < Len * 2 then return false;
{generating a signal}
if CrossAbove (Close, Close - Close * OS / 100) then return true;

return false;

Exit Short
var
   Len := 30;
   OverB := 55;
   OverS := 45;
   RsiVal := RSI (Close, Len);
   OB := RsiVal - OverB;
   OS := RsiVal - OverS;
end_var
{avoiding wrong signals}
if HistorySize < Len * 2 then return false;
{generating a signal}
if CrossBelow (Close, Close - Close * OS / 100) then return true;

return false;

Function Name:  


Download to import into Tradecision.

How to use this strategy in Tradecision:
  1. Click Download.
  2. Save this strategy in a safe location on your hard drive.
  3. Open Tradecision and in the Tools menu click Strategy Builder.
  4. In the Strategy Builder dialog, click Import, locate the saved file and then click OK.
The strategy will be added to the Strategy list.
 
The Wilson Relative Price Channels
Tradecision Reviews
Video Tours
Ask a question

Site Map   |   Terms of Use   |   Privacy Policy   |   Risk Warning
Forex, equities or futures trading involves substantial risk of loss and is not suitable for all investors.
Copyright © 2001-2017 Alyuda Research, LLC.  All rights reserved