Simple Calculations as Technical indicators

Pls go thro the XLS sheet attached. important to note the change in the indicator FACTOR from +ve to -ve and vice-a-versa.

Good calls for entry. I don't know aBOUT THE EXITS. yOU MAY IMPROVE IT FOR EXIT OPTIONS.

Further the calls require a confirmation viz. change in closing price as per the call or not. Also advised to check the confirmation from Candlestick pattern and Pivot point.

For detaILS PLS SEE MY PREVIOUS POST

Have no knowledge on how to open this Excell sheet ,seems all Hebrew.

Hehehe
seems to be some problem in the file format

this is an openoffice file. i am attaching proper excel file.
hth, Ranjeet.

pl.explain your system.

Hi dsanjyot,

The system you have given is just a simple moving average cross-over system. It is a 5-period simple MA crossing 26-period simple MA. When the 5-period MA goes below the 26-period MA the factor becomes negative and you get a SELL signal. When it goes above, the factor turns positive and it is a BUY signal. It just as simple as that. This is a well-known trading system.

All moving average cross-over methods give very good results in a well defined trend but fail miserably when there is no definite trend. This is what is happening in your case also.

Regards

-Anant