OPEN-SOURCE SCRIPT
Updated PT - EMA/SMA Spread AND Combination with MultipleTimeFrame
You can now combine multiple timeframe EMA/SMA as in profit trailer and see which areas will be then used for PT if you for example use a 15 minute EMASpread and 60 minute Spread.
- From what i can see the lowes the timeframe the faster it reacts but a lot of times you will get stuck with a bag due to a coin having 2 drops. Thiw might help you find a sweetspot so that you can picky only the high reward low risk trades.
- From what i can see the lowes the timeframe the faster it reacts but a lot of times you will get stuck with a bag due to a coin having 2 drops. Thiw might help you find a sweetspot so that you can picky only the high reward low risk trades.
Release Notes
Enabling positive spread capabilityOpen-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.