Description
The EightMonthAvg strategy compares monthly price with its average of specified type and length. It adds a BUY_AUTO order at the last bar of the month if the average crosses below the price; SELL_AUTO order if it crosses above.
As was proposed by strategy's author Brooke Gardner, it should use an 8 month Simple Moving Average with monthly Close.
Input Parameters
| Parameter | Description |
|---|---|
price
|
The price used in calculation. |
length
|
The length of the moving average, in months. |
average type
|
The type of average used in calculations. |
Further Reading
1. "Trading High-Yield Bonds Using ETFs" by Brooke Gardner. Technical Analysis of Stocks & Commodities, June 2012.