OPEN-SOURCE SCRIPT
Noro's TrendMA Strategy
The strategy uses 2 moving averages. Fast and slow. SMA or EMA - the user can select. Moving averages are needed to identify the direction of the trend.
Trend
If both moving averages are directed upwards, it 's uptrend.
If both moving averages are pointing down, it 's downtrend.
If the moving averages are directed in different directions, the trend has not changed.
Background
Lime color is uptrend.
Red color is downtrend.
By default, background display is disabled, but you can enable it in script settings.
Trading
If uptrend (lime background) - open long position (and close short position)
If downtrend (red background) - open short position (and close long position)
Reverse trading, no stop-loss and take-profit
Short positions can be removed and only long positions can be traded.
For
- crypto/USD (XBT/USD, ETH/USD, etc)
- timeframes: 1h, 4h, 1d
Trend
If both moving averages are directed upwards, it 's uptrend.
If both moving averages are pointing down, it 's downtrend.
If the moving averages are directed in different directions, the trend has not changed.
Background
Lime color is uptrend.
Red color is downtrend.
By default, background display is disabled, but you can enable it in script settings.
Trading
If uptrend (lime background) - open long position (and close short position)
If downtrend (red background) - open short position (and close long position)
Reverse trading, no stop-loss and take-profit
Short positions can be removed and only long positions can be traded.
For
- crypto/USD (XBT/USD, ETH/USD, etc)
- timeframes: 1h, 4h, 1d
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 publications is governed by House rules. Możesz go oznaczyć jako ulubione, aby użyć go na wykresie.
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