Here's a screenshot of the table I have here, just so that we could still keep up with the results: image

Gathering Empirical Data on Forex Signals

I was still unsure if I should test both classical and hidden divergences together, but then I decided that it's better to test each one by itself to get a better idea of the stats of each one. So here are the test results of the classical ...

Gathering Empirical Data on Forex Signals

Here are the tests for RSI(14) entering overbought/oversold territory. I can say that the results were just as anticipated. We have seen that this type of signal was more accurate than the other signals tested on RSI. We also know by now that ...

Gathering Empirical Data on Forex Signals

I decided to organize the overall results in a table so that we'll always have a reference: url I will add it to the first post for future reference. You could sort all the entries by indicator, period, signal, accuracy and frequency. You could ...

Gathering Empirical Data on Forex Signals

Finally! A signal that is at least a bit accurate, or at least one that qualifies as an actual signal. The following tests were made on RSI(5), to check how often price goes up when RSI crosses level 70 upwards and thus enters the "overbought" area. ...

Gathering Empirical Data on Forex Signals

Sure, here they are. I basically divide the number of occurrences by the total numbers of bars in a test. file file file file

Gathering Empirical Data on Forex Signals

I have just finished testing the overbought/oversold area exit on RSI(14), and the results are not as uniform as the previous tests. By that I mean that if you look at the detailed report you won't see the same thing that we saw in previous tests ...

Gathering Empirical Data on Forex Signals

I just finished testing the RSI(5) signal from exiting the overbought/oversell areas, and I have to say I didn't expect these results. The signal was much less accurate than I had anticipated. The signal I tested is when RSI(5) crosses level 70 ...

Gathering Empirical Data on Forex Signals

As I was about to start the new tests, I realized there was a mix up in my previous tests. The results above were actually for RSI crossing the 50 line, not the ones for it exiting the overbought/oversold areas. Sorry about that, my files got mixed ...

Gathering Empirical Data on Forex Signals

I just finished testing the same signal on RSI(14) and the results are interesting. The accuracy is better on all timeframes and all pairs by at least 2%. Here are the overall Frequency and Accuracy rates: image Compared to RSI(5), ...

Gathering Empirical Data on Forex Signals

I have finished testing on RSI(5), and I have attached the detailed results in a pdf. Just like in the first two tests on EURUSD and AUDUSD, the rest of the pairs showed little to no improvement in accuracy, leading to an overall 47% accuracy of the ...

Gathering Empirical Data on Forex Signals

A free limited version of the indicator is now available. It works on H1 only but it's free to use for as long as you want: url

The Tangram Indicator

I'm offering a 7-day free trial for the Signal Strength Meter: url And here's a video that explains everything about the Signal Strength Meter: video

Signal Strength Meter

May 10th to 15th 2020: Here are last week's results using the Tangram indicator on 3 pairs: EURUSD, GBPUSD and EURGBP on H1. Total profit: +270 Pips Win rate: 52.3% image image image Settings used: Oscillator Period: 30 Oscillator Level: 60 ...

The Tangram Indicator

Friday May 1st Results of Trading the Tangram Indicator on EURUSD H1: Total Trades: 2 Long Trades Total Profit: +120 Pips Trade #1: +60 Pips -Bought at 1.09457 at 01:00 GMT -Closed at Take Profit at 1.10057 at 14:35 GMT Trade #2: +60 Pips -Bought at ...

The Tangram Indicator