This multi-timeframe strategy generates buy and sell entries based on two Moving Averages’ cross with an option to turn on trend direction confirmation through 3rd Moving Average selection. While all three moving averages can be selected from the following list:
SMA
EMA
DEMA
TEMA
LRC
WMA
MF
VAMA
TMA
HMA
JMA
Kijun v2
EDSMA
McGinley
Only long trades are enabled currently
Default Settings
I've set the default selection to the perfect options for 1D timeframe. You can modify all MAs selections and their lengths according to your selected timeframes. Following default settings are used:
Heiken Ashi Candles are selected by default as source
1st Moving Average selection is set to LRC (Linear Regression Curve)
Length of 1st Moving Average is set to 50
2nd Moving Average is set to EDSMA (Ehlers Deviation-Scaled Moving Average)
Length of 2nd Moving Average is set to 30
3rd Moving Average is set to HMA (Hull Moving Average)
Length of 3rd Moving Average is set to 200
Uptrend direction confirmation through 3rd Moving Average is set to false by default
Start date is set to start from 2013
Backtesting can also be done selecting %age of equity
Suggestions for Usage
Mostly winning trades by set defaults have no prominent drawdown so losing trades can be abolished with Stoploss. Would soon add Stoploss and Takeprofit options in next version. Also, if you want an alerts version of it then just comment below and would publish it later. I’ve found this strategy useful on 1D timeframe with described default settings but multiple Mas selections can be explored further.
I would love to see SL, take profit version of this. How do I reach you? Would be great if you can run with this indicator. My backtest is giving great outcomes. Want to confirm :)
DRAGONSTONECAPITAL
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I second this comment below!
MightyZinger
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This script works good for its purpose but I've recently been studying better ways to use Moving Averages. I've published multiple studies and strategies to explain those ways and yet this script is the simplest yet elegant way to make use of MAs. Multi-timeframe strategies always have problem with repainting and this script works without repainting without MTF. My target for this script is to add as many available MAs and their usage options as possible. So, it might take a while but I expect that wait will be worth it.