Multi Entry Signal Strategy by TradeSmartThis strategy is intended to test different entry signals. You can use 13 different entry signals in the strategy.
Available signals with all their settings:
Heikin Ashi
RSI + EMA
Wavetrend
MACD
Stochastic RSI
Squeeze Momentum
Kairi Relative Index
SSL
Supertrend
Parabolic SAR
Chandelier Exit
Directional Movement Index
Quantitative Qualitative Estimation
For exact rules of entries please relate to the tooltips of each entry signal. All the signals can be used together or separately in the strategy.
Additional settings that can be used:
Trend Filter (limit long or short entries based on a moving average of your choice)
Exit Strategy settings (ATR is used to determine stop loss and take profit levels)
Trailing Loss Setups (you can use 3 different types of trailing losses)
Setups (you can set Long and Short entries as well as the order size based on either Capital % or Risk %)
Date Range (you can limit trades to specific date ranges)
Trading Time (you can limit on which days to trade)
Kairi
Kairi Relative Index Leading IndicatorHere is a leading indicator based on the relatively obscure Kairi Relative Index. The Kairi comes from Japan and is similar to the popular RSI, although it is believed that it predates the RSI significantly.
The Kairi measures the difference between the current price and its SMA as a percentage of the moving average.
We made a few modifications to the Kairi to improve its timing and balance its sensitivity. First, we calculated a 'fast' and 'slow' Kairi Relative Index. To do this, it calculates the difference between the current price and a SMA with a length of 7 periods for the fast Kairi. Then, the difference between the current price and an SMA of length 24 is calculated for the slow Kairi.
The big modification is using a 25 period SMA of slow Kairi Relative Index values as the threshold for buy and sell signals. When the fast Kairi line crosses above the white line(the threshold) it is considered a bullish signal, while a bearish signal comes when it crosses back below the same white line. This solved the issue with the Kairi having slower reaction time than the RSI. As the chart shows, this setup allowed it to catch not only major trends but also predict unexpected price spikes.
Users can adjust all 3 lengths, as well as adjust the option to have the slow Kairi displayed on the chart(shown in second pane).
Kairi Relative IndexKairi Relative Index indicator script. The Kairi Relative index is an old Japanese metric with unknown origins.
