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Strategy Based on Percent of Stocks Above/Below Key Moving

This Strategy looks to buy the market after the percentage of stocks below the 20 SMA moving average drops below 30% and crosses back above it. The strategy outperforms buy and hold on the S&P and more importantly only has a max draw down of 11% which gives it a much better risk adjusted performance then buy and hold alone.
It has three sell rules, 1. When the same indicator crosses into overbought territory. 2. Index Closes below the 200 SMA. 3. Stop Loss is triggered (default is Trailing stop loss).
The indicator used can be found here :

The Strategy has been coded so that all the variables can be adjusted so you can tweak it to get the best performance to whatever market you like. I have hard coded the best variables I could find to trade the
SPY.
You can track market breadth on the following markets:
Market Tickers Available = SP500 , DJI, NQ, NQ100, R2000, R3000, SP500 Financials, SP500 Materials, SP500 Energy, SP500 Staples, SP500 Discretionary, SP500 Industrials , SP500 Real Estates, Overall Market
The strategy can be used on any of these moving averages : 20, 50, 100, 150, 200
You can adjust the greed and fear levels to change when the strategy takes trades at Overbought and Oversold Levels
Stop Loss
Two Stop losses are available a fixed stop loss based on an ATR value or a trailing % Stop Loss
Regime Filters
Two Regime filters are available:
1. a simple moving average (Strategy wont take trades under the 200 SMA)
2. Advance/Decline Filter Details can be found here:![[KY]Cumulative Advance Decline Line](https://s3.tradingview.com/s/S1GcKule_mid.png)
Date Filter
It has three sell rules, 1. When the same indicator crosses into overbought territory. 2. Index Closes below the 200 SMA. 3. Stop Loss is triggered (default is Trailing stop loss).
The indicator used can be found here :

The Strategy has been coded so that all the variables can be adjusted so you can tweak it to get the best performance to whatever market you like. I have hard coded the best variables I could find to trade the
You can track market breadth on the following markets:
Market Tickers Available = SP500 , DJI, NQ, NQ100, R2000, R3000, SP500 Financials, SP500 Materials, SP500 Energy, SP500 Staples, SP500 Discretionary, SP500 Industrials , SP500 Real Estates, Overall Market
The strategy can be used on any of these moving averages : 20, 50, 100, 150, 200
You can adjust the greed and fear levels to change when the strategy takes trades at Overbought and Oversold Levels
Stop Loss
Two Stop losses are available a fixed stop loss based on an ATR value or a trailing % Stop Loss
Regime Filters
Two Regime filters are available:
1. a simple moving average (Strategy wont take trades under the 200 SMA)
2. Advance/Decline Filter Details can be found here:
![[KY]Cumulative Advance Decline Line](https://s3.tradingview.com/s/S1GcKule_mid.png)
Date Filter
受保護腳本
此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
受保護腳本
此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。