The 350 Swing Trade
The article by Dr. Barbara Star in this issue, ďThe 350 Swing TradeĒ, demonstrates decreasing the indicatorsí lookback period to increase the sensitivity to smaller price moves and identify the beginning and end of a short-term price swing.
Using Indicator Builder, one needs to create the RSI MA indicator:
RSI MA indicator:
RSILength:"Enter the RSI Length:", 3;
SMALength:"Enter the SMA Length:", 3;
Then one needs to create the 350 Swing Alert Strategy using Tradecisionís Strategy Builder:
Entry Long Signal:
return SMA(RSI(C,RSILength),SMALength) <= 20;
Entry Short Signal:
return SMA(RSI(C,RSILength),SMALength) >= 80;
Download to import into Tradecision.
How to use this indicator in Tradecision:
The indicator will be added to the Custom Indicators list.
- Click Download.
- Save this indicator in a safe location on your hard drive.
- Open Tradecision and in the Tools menu click Indicator Builder.
- In the Indicator Builder dialog, click Import, locate the saved file and then click OK.