ReturnAutoScaleMix

This is a very powerful indicator that provides a mix of three running totals of linear weighted returns. Each one is similar to a specific mode of ReturnAutoScale indicator.

The result is a scaled superposition of three integrated and difference-stationary time series, each for different trading strategy. Indicator displays three lines:

• yellow - slow market returns, corresponds to mode 0 in ReturnAutoScale;
• blue - medium market returns, corresponds to mode 1 in ReturnAutoScale;
• red - fast market returns, corresponds to mode 2 in ReturnAutoScale; 

Two trading strategies are possible:

1. conservative - buy when medium-term line is over long-term line, sell when medium-term is below long-term line;
2. risky - buy when short-term line is over medium-term line, sell when short-term is below medium-term (make sure there is no global trend).

Parameters:

• period - number of bars to use for linear weighted calculation; default value - 96;
• smoothing - period for EMA; default value - 5;
• price - price type to use; default value - open.