ceyhun

Bull and Bear Fear Expert by Walter Downs Strategy

Bull and Bear Fear Expert by Walter Downs Strategy
Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con las Normas internas. Puede marcarlo como favorito para usarlo en un gráfico.

¿Quiere utilizar este script en un gráfico?

Comentarios

can you made alert version?
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Buongiorno, qualcuno mi spiega come funziona questo indicatore, che non riesco a comprenderne i meccanismi e l'applicazione pratica? Sarei interessato, grazie
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ceyhun Cripto1
@Cripto1, grazie,
Bull Fear/ Bear Fear
The system is a trend follower that appears to get you in at the early in a trend. If the trend breaks down for any reason, the system seems to take you out with relatively little pain, and there is a relatively high
percentage of losing trades (usually around 50%).
Therefore, the system seems to perform best on issues that are prone to make prolonged moves.
+3 Responder
Cripto1 ceyhun
@ceyhun, Thank you. Some questions...
So does the system have a 50% false signal rate? And the strange coloring of the candles, how should it be read? And how should the scripts "-2 short" and "long +2" be interpreted? What do those "+2" and "-2" mean?
+2 Responder
ceyhun Cripto1
@Cripto1, bull blue
red bear
change time gray

Event calculation method you call -2, + 2 ...

BullFear = (highest (high, n) -lowest (high, n)) / 2 + lowest (high, n)
BearFear = (highest (low, n) -lowest (low, n)) / 2 + lowest (low, n)
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Cripto1 ceyhun
@ceyhun, Interesting. So, when, exactly, I should buy or sell by following the signals provided by the system? For example i see the system provides a couple of arrows over or under and bisides some candles...
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ceyhun Cripto1
@Cripto1,

The important thing is to find a trend, all indicators are forced horizontally.
Since it is a strategy, it gives 1 bar late.
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Cripto1 ceyhun
@ceyhun, I understood everything. I wait for my great-grandchildren to grow, in 20 years maybe some of them, if interested in trading, will be able to explain to me how this indicator works. I must confess to you that your explanations, however kind, are and remain, for me indecipherable.In fact, I continue to ask you specific questions which you, in your reply, continually evade. Excuse me, you know, but if I ask you to explain a specific thing, you cannot give me in response concepts not pertinent to the question ...So, i'll continue to respond you i've all understood while understanding nothing....
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@Cripto1, I find if you increase the time period to 30 that it works better on the higher time frames. You just need to have a system on top of this system to filter out the false signals, say something like whipsaws.
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Cripto1 JasonLeighton
@JasonLeighton, And, apologize my ignorance, "what are these whipsaws?"
Thank you....
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