OPEN-SOURCE SCRIPT
Updated Arch1tect's New Toy (Strategy Tester Version)
Description:
The version of Arch1tect's New Toy indicator with Strategy Tester added.
This indicator tries to predict market trends by simply utilising 2 moving averages crossovers.
How it works:
How to use:
Note:
Settings are optimised for
XAUUSD on the M1 chart.
Extra:
The version of Arch1tect's New Toy indicator with Strategy Tester added.
This indicator tries to predict market trends by simply utilising 2 moving averages crossovers.
How it works:
- Buy signals are triggered when the faster MA crosses over the slower MA from the downside to the upside.
- Sell signals are triggered when the faster MA crosses under the slower MA from the upside to the downside.
How to use:
- Take buys when buy signal is triggered AND close existing sell position
- Take sells when sell signal is triggered AND close existing buy position
Note:
Settings are optimised for
XAUUSD on the M1 chart.Extra:
- Alerts are included.
- You can toggle between EMA, WMA and SMA to your liking.
- Indicator version:
Release Notes
Fixed TP/SL fixed pip targetOpen-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.