Discussion of article "Learn how to design a trading system by VIDYA"
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New article Learn how to design a trading system by VIDYA has been published:
Welcome to a new article from our series about learning how to design a trading system by the most popular technical indicators, in this article we will learn about a new technical tool and learn how to design a trading system by Variable Index Dynamic Average (VIDYA).
In this topic, we will design a step-by-step blueprint to help us to create our trading system for each mentioned strategy smoothly.
Strategy one: VIDYA trend identifier
According to this strategy, we need to create a trading system that can be used to generate signals with trend type. We need the trading system to check two values which are current close and current VIDYA value to determine what is the trend type. If the current close value is greater than the VIDYA value, it will be a signal that the trend is up.
So, we need the trading system to return a comment on the chart with the following values:
The other scenario, if the current close value is lower than the current VIDYA value, it will be a signal that the trend is down.
So, we need the trading system to return a comment on the chart with the following values:
The following is the blueprint of this strategy:
Author: Mohamed Abdelmaaboud