10ema Basic Swing Trade Strategy — Indicator by MattDeLong

trendanalysis movingaverage reallifetrading trendfollowing

STRATEGY INGREDIENTS
* DAILY chart
* 10 ema on daily
* 50 ema on daily

STRATEGY RECIPE SUMMARY
Wait for a CLOSE BELOW the 10 ema on the daily chart ...YESTERDAY. Wait for a CLOSE ABOVE the 10ema TODAY...ensure the price action is ABOVE the 50 ema on the daily chart ...buy at the close if the green arrow indicator is shown. Be sure to get your order filled BEFORE the market closes -- if you are using directional options...b/c you know, the options market doesn't have after hours.

BE AWARE of your own risk tolerance...step stops at appropriate levels...Take responsibility for your own trades. BACKTEST this strategy before using a LIVE MONEY TRADING ACCOUNT.

Release Notes:

I small tweak... changed the sma50 to ema50 and the green arrow only shows when the ema10>ema50

Open-source script

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?