Polyrithmic Trend 2 — Strategy by MarkLudgate

trendanalysis btc bitcoin cryptocurrency crypto trendtrading riskreward ether eth

This script is designed to work on cryptocurrency.

This idea is to capture large amounts of the trend but to be able to get out when the support begins to break.

To use this script:
Buy signal:
- When the price is above the white moving average
- When the price goes over the buy line (higher / blue)
- When trading view says buy

Sell signal
- Move a stop up with the pink line and wait to be stopped out

Release Notes:

Updated to buy at the buy line. Has a broader use across more cryptos and market types.
Lowered profit factor with overall gain in actual profit over the general market

Release Notes:

minor fixes

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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.

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