[STRATEGY] Follow the Janet Yellen
In the era of central bank's helicopter money, the market will always be skyrocketing up and up given enough time.
What's the strategy to profit from indices?
Only short the market when its in a state of euphoria /irrational exuberance bubble, or sell when it is confirmed (20% drawdown). Otherwise, you really have no reason not to long at every chance.
Conclusion:
Follow the printing press like a sheep.
What's the strategy to profit from indices?
Only short the market when its in a state of euphoria /irrational exuberance bubble, or sell when it is confirmed (20% drawdown). Otherwise, you really have no reason not to long at every chance.
Conclusion:
Follow the printing press like a sheep.
//@version=2
strategy("Follow the Janet Yellen", overlay=true)
// Input
close_price = close[0]
len = input(defval=100, minval=1, title="Linear Regression length")
linear_reg = linreg(close_price, len, 0)
linear_reg_prev = linreg(close[1], len, 0)
slope = ((linear_reg - linear_reg_prev) / interval)
plotarrow(slope, colorup=teal, colordown=orange, transp=40)
plot(linear_reg, color = red, title = "Linear Regression Curve", style = line, linewidth = 2)
if (slope < -10)
strategy.entry("Short", strategy.short)
if (slope > 75)
strategy.entry("Madness", strategy.short)
if (slope > 5 and slope < 20)
strategy.entry("Long", strategy.long)