SoftKill21

MACD oscillator with EMA alert version 4H

This is the study/indicator alert version of the macd + ema strategy.

The strategy details are the following :
Is a simple, yet efficient strategy, which is made from a combination of an oscillator and a moving average.

Its setup for 4h candles with the current settings, however it can be adapted to other different timeframes.

It works nicely ,beating the buy and hold for both BTC and ETH over the last 3 years.
As well with some optimizations and modifications it can be adapted to futures market, indexes(NASDAQ, NIFTY etc), forex( GBPUSD ), stocks and so on.

Components:
MACD
EMA
Time condition
Long/short option

For long/exit short we enter when we are above the ema , histogram is positive and current candle is higher than previous.
For short /exit long , when close below ema , histo negative and current candles smaller than previous


If you have any questions please let me know !
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.

Want to use this script on a chart?

Comments

Hello Softkill 21

Brilliantly done, been using a very smiliar tactic for a while now, mostly done by hand eye coordination though, so it's very nice to have a built out skript, so i thank you.
Do you know a way to incorparate the skript in to a stock screener on tradingview, example being only show stocks that would be a "buy" according to your code?

Thanks in advance for any help!
Kind regards
Bulldog
+2 Reply
rvoda268 Bulldog15
@Bulldog15, bro can you give me that stratagy script
Reply
hi there, thanks for your time on this, as a new ish crypto trader im still learning the ins and outs and was looking into a sricpt like yours suggested.

Is there a way i can use this script and copy it onto my graphs? sorry for sounding thick :D

thanks in advance
Reply
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