- ago
Can you use only one indicator in a Rotation Strategy?
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- ago
#1
Please don't use too generalized topic titles.

WAS: Rotation Strategy
IS: Use only one indicator in a Rotation Strategy

What does it mean "only one indicator"? Your question needs clarification.
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- ago
#2
when I start a new rotation strategy the system only gives me the possibility to implement one indicator in the strategy, I can not use multiple indicators there or do I understand something wrong here Example: RSI> 30 and Close> SMA(200)
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- ago
#3
Yes, one indicator only as a binary condition based on value comparison - and not as some logical one that involves "Indicator1 above/below Indicator2" or the like. Vote for this feature request if you like to see this implemented in a future build of WL:

Market Timing Filter for Rotation strategies

A code-based Rotation strategy implemented as custom C# code could be beefed up to include a more complex logic.
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Best Answer
Glitch8
 ( 11.36% )
- ago
#4
You can create a custom indicator that boils down whatever other indicators you want to use into one, and then use that in the Rotation Strategy. But at the end of the day it’s based on one indicator.
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- ago
#5
QUOTE:
You can create a custom indicator that ...

There's no reason to create a "special" composite indicator if you can employ the TimeSeries.BooleanTest(...) method to do this for you within your strategy. You may want to smooth the composite result.
CODE:
TimeSeries rsiComposite = TimeSeries.BooleanTest(bars.Close > SMA.Series(bars.Close, 20), _rsi1, _rsi2);
I often wondered why anyone would want such a weird function, but you may have discovered a bona fide application for it. Crazy....
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