Discussion of article "Learn how to design a trading system by Chaikin Oscillator"
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New article Learn how to design a trading system by Chaikin Oscillator has been published:
Welcome to our new article from our series about learning how to design a trading system by the most popular technical indicator. Through this new article, we will learn how to design a trading system by the Chaikin Oscillator indicator.
In this topic, we will design a step-by-step blueprint to help us to create our trading system for every mentioned strategy and I believe that this step is very important as it will organize our ideas in a way that achieves our target. Now let us start doing that.
According to this strategy, we need to create a trading system that returns a specific comment on the chart once a specific condition is met. we need the trading system to check the Chaikin oscillator value every tick and when this value became above the zero level, we need the trading system to appear on the chart a comment with a buy signal and the current Chaikin value each one in a separate line. In the other scenario, we need the trading system to return a comment with a sell signal and the current Chaikin value each one in a separate line when the Chaikin value became below the zero level.
The following is a picture of this blueprint.
Author: Mohamed Abdelmaaboud