The concept of the Fibonacci Bands indicator was described by Suri Dudella in his book "Trade Chart Patterns Like the Pros" (Section 8.3, page 149). These bands are derived from Fibonacci expansions based on a fixed moving average, and they display potential areas of support and resistance. Traders can utilize the Fibonacci Bands indicator to identify key price...
**MartinGale Strategy** is a popular money management strategy used in trading. It is commonly applied in situations where the trader aims to recover from a losing streak by increasing the position size after each loss. In the MartinGale Strategy, after a losing trade, the trader doubles the position size for the next trade. This is done in the hopes that a...
Level: 5 Background In order to celebrate the breakthrough of 4000 followers of my account, I decided to release the Sextan backtesting framework for free use to help more quantitative traders quickly evaluate any technical indicators. The version released this time is based on the algorithm framework optimization of the old version, and integrates the new...
Level: 2 Background There is a Chinese proverb that says: "The great way leads to simplicity". This indicator is the representative of this meaning. Through the processing of the most common MACD indicator data, it is possible to quickly determine the market price: whether the current price is at a historical high or low, whether a reversal will happen soon,...
Level: 5 Background Backtesting of technical indicators and strategies is the most common way to understand a quantitative strategy. However, the complicated configuration and adaptation work of backtesting many quantitative tools makes many traders who do not understand the code daunted. Moreover, although I have written a lot of strategies, However, I am...
Level: 5 Background Backtesting of technical indicators and strategies is the most common way to understand a quantitative strategy. However, the complicated configuration and adaptation work of backtesting many quantitative tools makes many traders who do not understand the code daunted. Moreover, although I have written a lot of strategies, However, I am...
Level: 5 Background Are you tired of traditional Japanese candlesticks? Do you want to try a new type of candle master chart? This is my private L5 version, which introduces "Market Season Bands" for oversold and overbought status, historical resistance and support arrows in dynamic forms, inherent pyramiding for buy and sell. Function L3 Price Positioning...