OPEN-SOURCE SCRIPT
20 EMA Daytrading Strategy
20 EMA Daytrading Strategy
This strategy creates long and short signals based on a 20 EMA crossing condition. Works well in 4H timeframes or higher. Accuracy is around 60%.
BUY
SELL
Stop loss at ATR + 5
Take Profit at 1.3R
This strategy creates long and short signals based on a 20 EMA crossing condition. Works well in 4H timeframes or higher. Accuracy is around 60%.
BUY
- When a green candle crosses above 20 EMA
- Followed by another green candle which closes above the previous candle high
SELL
- When a red candle crosses below 20 EMA
- Followed by another red candle which closes below the previous candle low
Stop loss at ATR + 5
Take Profit at 1.3R
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.