Description
The HACOLT strategy generates signals based upon HACOLT study values.
Long Entry signal is generated when HACOLT reaches the "100" limit; Short Entry signal, when it falls to zero. Long Exit is performed when HACOLT fails to keep value of 100.
Input Parameters
| Parameter | Description |
|---|---|
tema length
|
The number of bars used to calculate TEMA. |
ema length
|
The number of bars used to calculate EMA. |
candle size factor
|
The factor used in short candle determination. Values lower than 1.1 will provide faster exits. |
Further Reading
1. "Long-Term Trading Using Exchange Traded Funds" by Sylvain Vervoort. Technical Analysis of Stocks & Commodities, July 2012.
2. "Trading with the Heikin-Ashi Candlestick Oscillator" by Sylvain Vervoort. Technical Analysis of Stocks & Commodities, December 2008.
Backtesting is the evaluation of a particular trading strategy using historical data. Results presented are hypothetical, and there is no guarantee that the same strategy implemented today would produce similar results.
Technical analysis is not recommended as a sole means of investment research.
For educational purposes only. Not a recommendation of a specific security or investment strategy.