© Investoz trendwarning — Strategy by Investoz
By Investoz
Performance Metrics
- Author: Investoz
- Symbol: OMXSTO:OMXS30
- Timeframe: 1 week
- Sharpe Ratio: −0.101
Description
Oct 2, 2020The indicator is built as an educational purpose and is therefore not a recommendation for buying/selling shares. The idea is to create a visual form in a graph that shows if there is any trend, both positive and negative. A dialog box with a warning tells you what trend prevails. In the code, there is an opportunity to take a position or go out of position if you want to create a strategy around this trend indicator. However, I strongly recommend not to rely solely on this indicator as a buy/sell decision as the results will most likely be negative if you buy on a positive trend and sell on a negative trend. It must be combined with other ideas and therefore this script works more as a complement to your own strategy. It is free for anyone to use this indicator and make it better.May 29, 2021Release NotesTotal number of days issue is now edited and I also changed the language from Swedish to English. I also changed the aesthetic of the indicator.May 30, 2021Release NotesMore language changes.Dec 13, 2021Release NotesUpdated to color.new() function.