OPEN-SOURCE SCRIPT
Strong Potential Asset Strategy (EMA + EMA)
During experiments with the market, I found out that simple strategy is the best solution. However, I decided to bring some of my ideas on the 2 MA strategy.
- Instead of SMA - there will be 2 EMA, so the strategy will be more sensitive to the latest data;
- There is an option, which regulates the difference between those 2 EMAs, this should protect us from false trend enter;
- There is an option "Exit tolerance", which regulates how much could be the difference between 2 EMAs after crossover. This supposed to protect us from the false trend exit.
Hope this will be helpful :)
- Instead of SMA - there will be 2 EMA, so the strategy will be more sensitive to the latest data;
- There is an option, which regulates the difference between those 2 EMAs, this should protect us from false trend enter;
- There is an option "Exit tolerance", which regulates how much could be the difference between 2 EMAs after crossover. This supposed to protect us from the false trend exit.
Hope this will be helpful :)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.