SH's 315 Strategy - how to use if effectively

timepass

timepass

Moderator
#4,921
#4,921
A very interesting chart, Klewtar. It shows various facets of 315 strategy. Today the price has not touched 3EMA, so maybe risky traders can risk a contra trade (buy) today. If it doesn't touch 3EMA tomorrow (?Tuesday) then certainly a contra trade can be taken.

The yellow circles show two different places when the 3EMA moved against the trend, touched both 3 & 15 EMA on the same day, and continued in the direction of the trend.

Later whipsaws are also visible.



Klewtar said:
A whipsaw may not be the proper term. Here's the chart:
Click to expand...
 
columbus

columbus

Well-Known Member
#4,922
#4,922
vinst said:
KST is weighted average of ROC for 4 different periods.

Kletwar:
How different is KST result from MACD?
Click to expand...
Visually there is no difference between KST and RSI.Always RSI is most
preferred.

 
columbus

columbus

Well-Known Member
#4,924
#4,924
vinst said:
surprising ! KST as per my experience was much smoother than RSI. But in the picture attached, KST is very wiggly.
Click to expand...
Basically due to time frame, I took deliberately small TF (3min), so signals will cover at least 5 hours.
 
V

veeru1978

New Member
#4,926
#4,926
Dear All,
I find that many members have benefited from this strategy.
Could someone be kind enough to share amibroker afl for this strategy.
Thanks and best regards.
Veeru.
 
saivenkat

saivenkat

Well-Known Member
#4,927
#4,927
AFL for 315 strategy has already been shared..All one needs is 10 minutes of search..

Btw can anyone share the modified RSI indicator for using it with amibroker
( the one which is being compared with KST here)
 
TradeJoker

TradeJoker

Well-Known Member
#4,928
#4,928
veeru1978 said:
Dear All,
I find that many members have benefited from this strategy.
Could someone be kind enough to share amibroker afl for this strategy.
Thanks and best regards.
Veeru.
Click to expand...
// EMA Cross-315
Range1=Optimize("range1",3,1,100,1);
Range2=Optimize("range2",15,1,100,1);
Plot( Close, "Close", colorBlack, styleCandle );
Plot(EMA( Close,range1), "3d-ema", colorRed );
Plot(EMA( Close,range2), "15d-ema", colorBlue );
Buy = Cross(range1,range2);
Buy = Cross((Close),(EMA(Close,range1)));
Buystop = Ref(EMA(Close,range1),-1);
BuyPrice = Max(Buystop,Low);
Sell = Cross(EMA(Close,range2),(Close));
Sellstop = Ref(EMA(Close,range1),-1);
SellPrice = Min(sellstop,High);
Short = Sell;
Cover = Buy;
PlotShapes(shapeUpArrow*Buy,colorBlack);
PlotShapes(shapeDownArrow*Sell,colorRed);
GfxDrawText("EMA315", 4, 12, 350, 40);
 
A

ashwani chadha

Well-Known Member
#4,930
#4,930
klewtar said:
i have not back tested the (additional) strategy extensively. While reading the thread and my experience with 315, there are times when it is difficult to know when to exit 315. 315 has a very good initial entry but there are times when it seems that i should have exited a trend earlier (and kept more profits.)

i am not aware of the technical details of kst. I am sharing my newly discovered method of adding an earlier exit (and options for re-entry.) i have tried to use rsi's red line reading at ~50 (on a 60 minute time frame, 30 minutes or less is very inaccurate) for exits and re-entries but i'm not sure if it is effective (it will take a bit of time to fine tune the parameters of what to use most effectively for kst's or rsi's red line readings.)



uploaded with imageshack.us

the rsi's redline reading in the above image is reading 53.02
rsi's red line readings of 56, 50 or 44 could be used as the exit signal or re-entry signals (i have not tested the method extensively enough to know what the parameters should be if rsi was used instead of kst)

in the above, the option could be exit a long if rsi's red line dips below 56 or 50 and then re-enter a long if rsi's red line reading returns to 56. In kst, i can say exit a long if the red line reads as 0.00 and re-enter when the reading is 0.18
Click to expand...
dear klewtar,you have choose kst which is one of the best long term indicator,basically it is a substitute of macd rather then rsi,although its result look like rsi,when no extra volatility is there.but when extra volatility is there ,its result will differ from rsi.its result are consistent like break out strategy of slow and fast moving average,but still it don't have short comings of break out system like macd!!!your choice of indicator is perfect !!!
 
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