This strategy uses 4 to get Long or Short Signals
Length are: 4, 9, 18, 100
We take long positions when the order of the emas is the following:
green > yellow > red (As the color of Traffic Lights) and they are above white (Used as a filter for long positions)
We take short positions when the order of the emas is the following:
green < yellow < red (As the color of inverse Traffic Lights) and they are below white (Used as a filter for short positions)
Enable Long and/or Short Positions in settings
Enable Profit and Stop in strategy settings with different percentage to backtest the strategy. Also if it is better to use a Traditional Stop Loss or a Trailing Stop Loss based on ATR
Change filter resolution in settings for better strategy performance
This Strategy was tested on Crypto Market with good results in assets as BTC , ETH, BNB, ADA, LTC, XLM , BCH, among others
Feel free to optimize this strategy, optimizing its parameters. Each asset has its own "personality".
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.