Absolute Strength Indicator Strategy

[Apprentice]

You have to distinguish
Strategy Mode
Signal - Show each CrossOver Signal
Strategy - For Trading Mode

Signal Type
Indicator / Signal Line CrossOver - Trade if we have Indicator / Signal Line CrossOver
Indicator / Indicator Line CrossOver - Trade if we have Indicator / Indicator Line CrossOver

ASI Strategy.lua

(21.61 KiB) Downloaded 1262 times

To make this work, please install.
viewtopic.php?f=17&t=2987&p=7205&hilit=Absolute+Strength+Indicator+Strategy#p7205

The Strategy was revised and updated on December 09, 2018.

[eMPGee]

Hi Apprentice,
You do great work. I have been using the ASI indicator for several months with great sucess. I am pleased to see that you have developed the ASI strategy.

Today I used the statagey and had several good trades, the only issue I am having; My stop and limit orders are not benig executed. I have all parameters set in the stratagey to place trailng stop and limit order. Any advice?

Thank you very much for all that you do? Great Work!

[Apprentice]

I'm not sure, I have to check.
I personally do not use strategies or indicators.

Are you from U.S.

[eMPGee]

I'm not sure, I have to check.
I personally do not use strategies or indicators.

Are you from U.S.

Yes, I am from the U.S.

[Apprentice]

As far as I know, U.S. trader can not set a stop order.
Due to regulatory restrictions.

"Close, Stop and Limit orders on individual trades for all United States based accounts are not functional as they are not compliant with the National Futures Association (NFA) Compliance Rule 2-43 (b)."

http://www.nfa.futures.org/news/PDF/CFT ... 112408.pdf

[sfrohock]

I just downloaded this strategy and it tells me I need an Absolute Indicator to run it. I've looked all over this site and am unable to find the correct Indicator. Help Please.
SteveF

[Apprentice]

Link for it, you can find on the top most post in this topic.

Or Here
viewtopic.php?f=17&t=2987&p=7205&hilit=Absolute+Strength+Indicator+Strategy#p7205

[arindam89]

ASI Strategy.png

You have to distinguish
Strategy Mode
Signal - Show each CrossOver Signal
Strategy - For Trading Mode

Signal Type
Indicator / Signal Line CrossOver - Trade if we have Indicator / Signal Line CrossOver
Indicator / Indicator Line CrossOver - Trade if we have Indicator / Indicator Line CrossOver

ASI Strategy.lua

To make this work, please install.
viewtopic.php?f=17&t=2987&p=7205&hilit=Absolute+Strength+Indicator+Strategy#p7205

hi apprentice
this is a great indicator
it can be used both in trending as well as range markets
but there is a small loophole in the strategy
loophole
for example when both signal and indicator line is bearish(on top)
and when there is crossover of indicator line and signal line it is opening a short position which i fell is wrong please make a correction

correction [u]
for example when both signal and indicator line is bearish(on top)
and when there is crossover of signal line and indicator line it must open a short position
thanks
by
arindam

[Apprentice]

Your request is added to the development list.

[Apprentice]

Bump up.