exlux99

Full Swing Gold Vwap Macd SMO Strategy

This is a full strategy designed for gold market using 12h timeframe chart.

Its components are:
VWAP monthly
SMO oscillator
MACD histogram


Rules for entry:
For long: when enter when close of the candle is above vwap monthly, current histogram is higher than the previous one and SMO oscillator is above 0
For long: when enter when close of the candle is below vwap monthly, current histogram is lower than the previous one and SMO oscillator is below 0


Rules for exit:
We exit the trade if we get a reverse condition.
We also exit the trade based on a risk management system, both for SL and TP using % movements.


If you have any questions let me know !
Skrypt open-source

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.

Chcesz użyć tego skryptu na wykresie?