Support Board
Date/Time: Wed, 27 Nov 2024 10:45:49 +0000
[User Discussion] - Higher Time Frame Filter for Automated Strategy
View Count: 272
| [2023-08-23 18:05:04] |
| User185631 - Posts: 12 |
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I have an automated strategy I am building and one of the key inputs is a Hull MA on a higher time frame chart, using the slope of the MA for directional bias. When the slope of the MA flattens before changing, it can lead to a large number of signals hurting the performance of the system. As of right now, I'm using a Color Bar Alert condition for when the slope is flat. Even still, there is a fair amount of indecision when the higher time frame trend is shifting direction. I'm wondering if 1) there is a better way to filter these periods of transition or 2) is there another study in the Sierra catalog that I should consider? Any feedback is appreciated! |
| [2023-08-23 19:54:14] |
| Sawtooth - Posts: 4120 |
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I'm wondering if 1) there is a better way to filter these periods of transition or 2) is there another study in the Sierra catalog that I should consider?
Use this example formula to determine slope direction:Spreadsheet Example Formulas and Usage: Formula that Matches the Slope Coloring of a Study Subgraph Line If you are using the Trading System Based On Alert Condition study (instead of a spreadsheet study), use the Spreadsheet Formula study, and convert the formula to Alert syntax: where: @3 is [0] @4 is [-1] @5 is [-2] Z4 is [-1] of this Spreadsheet Formula study When using this formula, the slope direction will not change in flat segments. Also, be aware that using the Study/Price Overlay study will occasionally give a signal that disappears, or appears late. The 'Data Copy Mode' and 'Bar Time Matching Method' settings can mitigate this anomaly but there is no way to always avoid them. |
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