maxits

Traffic Lights Strategy

4HS Crypto Market Strategy
This strategy uses 4 ema 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 ema (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 ema (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 ema 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".
Open-source Skript

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.

Möchten Sie dieses Skript auf einem Chart verwenden?