Tushar Chande | Trend-Antitrend System by Eugene

Strategy from the book "Beyond Technical Analysis" by Tushar S. Chande. This system combines counter-trend and trend-following trades together.

System Concept:

Trend-following entries (buy new highs and short new lows) are made when the ADX is above its 18-bar SMA. On the other hand, the ADX below its 18-bar SMA switches the system into counter-trend mode.

Strategy rules:

Entry rules

  • Enter short next bar at open If today's high was the highest high of the previous 25 bars but the 18-bar ADX was below its 18-bar SMA.

  • Enter long next bar at open If today's low was the lowest low of the previous 25 bars but the 18-bar ADX was below its 18-bar SMA.

Exit rules:

  • Exit long next bar at open when when the low was the lowest low of the previous 25 bars and the ADX is above its 18-bar SMA.

  • Cover Short next bar at open when when the high was the highest high of the previous 25 bars and the ADX is above its 18-bar SMA.

 

Author: Eugene
Category: Counter-Trend
Creation Date: 4/8/2017
Licence: Freeware
Availability: Globally
Instructions for Script Download
  1. In Wealth-Lab client software, open the Strategy Explorer (Ctrl+O)
  2. Click the "Download..." button
  3. Click "Begin Download"