This strategy attempts to replicate the PowerX strategy as described in the book by by Markus Heitkoetter
Three indicators are used:
RSI (7) - An RSI above 50 indicates and uptrend. An RSI below 50 indicates a downtrend.
Slow Stochastics (14, 3, 3) - A %K above 50 indicates an uptrend. A %K below 50 indicates a downtrend.
MACD (12, 26, 9) - A MACD above the...
This script implements the Power X trading strategy by Markus Heitkoetter and Rockwell Trading. The strategy is described in detail in "The PowerX Strategy: How to Trade Stocks and Options in Only 15 Minutes a Day" written by Markus Heitkoetter.
The Power X trading strategy uses RSI, Slow Stochastic and MACD indicators. When RSI and Slow Stochastic are both...