Description
The Sentiment Zone strategy is based on values of Sentiment Zone Oscillator (SZO) and their relation with dynamic overbought and oversold levels.
The strategy adds a BUY_AUTO order when any of the of the following conditions is fulfilled:
-
30 period SMA of SZO crosses above the zero level and price is higher than its 60 period EMA.
-
SZO is below the oversold line, its 30 period SMA is rising and price is higher than its 60 period EMA.
-
SZO crosses above the oversold line, its 30 period SMA is positive and 60 period EMA of price is rising.
The strategy adds a SELL_AUTO order when any of the of the following conditions is fulfilled:
-
30 period SMA of SZO crosses below zero.
-
SZO crosses below the "+7" level while its 30 period SMA is declining.
Input Parameters
| Parameter | Description |
|---|---|
price
|
The price used in main plot calculation. |
length
|
The number of bars used in main plot calculation. |
long length
|
The number of bars used in calculation of overbought and oversold levels. |
percent
|
The percentage used in calculation of overbought and oversold levels. |
Further Reading
1. "Sentiment Zone Oscillator" by Walid Khalil. Technical Analysis of Stocks & Commodities, May 2012.