This is an improved version of my earlier script, the objective of the script is to provide simple trading entry and exist based on Moving average crossover as a foundation with some dependent conditions.
This trend following system allows a trader to capture the maximum benefit in a trade from entry to exit while it doesn't guaranteed a top or a bottom exit / entry, the trader will be able to setup an entry signal, and follow up on the trade with stop loss adjustment during the entire trade.
this is mainly targeted at new traders looking to trade profitably without blowing up their account.
I am open to feedback.
regards
This trend following system allows a trader to capture the maximum benefit in a trade from entry to exit while it doesn't guaranteed a top or a bottom exit / entry, the trader will be able to setup an entry signal, and follow up on the trade with stop loss adjustment during the entire trade.
this is mainly targeted at new traders looking to trade profitably without blowing up their account.
I am open to feedback.
regards
Versionshinweise:
This script updates the existing script with early detection of price weakness and prints a pink candle to indicate such. user is encouraged to move stop loss to just below the pink candle in other to ensure that the user avoids incoming losses. also the entry trigger for short position has been changed in other to improve profitability