I’m back testing with adx indicator, but I’m unable to understand what offset parameter is for. Is it same as smoothening period which is present on zerodha chart?
Hey @iinfi1, the Offset value lets you access previous candle data i.e if you select ADX with an offset of -2, you will access the ADX value of 2nd last candle. If you set the offset as -1, you will access the ADX value of the last candle. This is applicable for all indicators, having this option in Streak.
Follow up question. I accidentally setup the ADX offset as 14. Positive 14. What happens in that case?
I saw results completely different when offset was 0 and +14.
e.g I want to capture scenarios where ADX has moved from below 25 to above 25 (with other scenarios like RSI being met)
e.g. ADX(14) greater than 25
ADX(14,-1) less than 25
Does this make sense?
The values are considered as -14 since at point 0, it is not possible to predict ADX at +14.
Yes, you can implement this in Streak too. You need to backtest and look at the transaction history to see if the conditions are optimum or not.
dear @Krishnendu the CROSS over logic does not seem to work in streak
Pls help me understand why not
yr streak help blog says 1. Buy strategy: +DI(14) crosses above -DI(14) and ADX(14) higher than 20
which seems to imply cross over will work. but see my backTEST results for 4th March 21 and chart for nifty … they do not seem to match
why two extra entries when ONLY one cross over?
Please share your strategy share link and I will help you with this.
hi @Krishnendu I actually got it myself. I was not using Symbol so entry was working on the OPT contract not on nifty
Thanks for reply