OPEN-SOURCE SCRIPT
Updated NCrypt30 Breadth Strategy (Long Only, SMA 60, 7% SL)
Breadth indication is the top 30 coin on coinbase by marketcap excluding BTC ETH & Stables to show overall alts sentiment. Trade will trigger when breadth hits 0 = the top 30 tokens on coinbase are all under the 60sma on the 4hr timeframe. The strategy has the trade close when breadth hits 100 or hits the stop loss which i have set at 7%, although is changeable to your risk tolerance.
Release Notes
I have now included an alert signal.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.