MA Trend Score

A Trend Score Indicator inspired by an interview by Navy Ramavat, where I liked the idea presented and decided to publish a script for it.

Disclaimer: I am not associated with Navy Ramavat in any manner.

The goal is to objectify the trend of an instrument and calculate a score which represents the trend strength and direction.

The score is calculated as follows:

• If price is > EMA 20 add 1 to the score
  
• If price is > EMA 50 add 1 to the score
  
• If price is > EMA 100 add 1 to the score
  
• If EMA 20 is > EMA 50 add 1 to the score
  
• If EMA 20 is > EMA 100 add 1 to the score
  
• If EMA 50 is > EMA 100 add 1 to the score
  
• If EMA 20 is < EMA 50 deduct 1 from the score
  
• If EMA 20 is < EMA 100 deduct 1 from the score
  
• If EMA 50 is < EMA 100 deduct 1 from the score
  

The highest score can be 6, and lowest score can be -6

The trend score can be used as per your discretion on the long and short side.

An example of using the trend score on the long side for position sizing is:

1. 100% position size if Score greater than 4
   
2. 75% position size if Score between 2-4
   
3. 50% position size if Score between 0-2
   
4. 25% position size if Score between 0 and -2
   
5. 0% position size if Score is less than -2