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Golden Star is an technical signal that first was introduced in 2007 by J. Stromberg at the website getagraph.com. The signal derives from the well know Golden Cross that uses the 200 days moving average and the 50 days moving averages to define what has been argued by many to be the best technical signal of them all. Backtesting prove very strong results on the signal which has a delay of 2 days.
The Golden Star signal differs from the Golden Cross by adding more conditions for the signal to appear. For instance, the moving averages has to be selected based on the time frame selected. In addition, it has to cross the price line at a given pattern as show bellow.
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