Simple Alt Coin Strategy - EMA and MACD w/Profit and Stop by ShanghaiCrypto

macd ema cryptocurrency cryptotrader cryptotrading altcoins alts

This script prints BUY and SELL signals based on settings you input. I use it to save time while scrolling through charts deciding what alts I want to look at.

BUY SIGNALS
Positive EMA Crossover
Positive MACD Crossover
Single Candle Gains

SELL SIGNALS
Profit Capture
Stop Loss

I don't trade based just on the BUY or SELL from this strategy, but I have found that these indicators do very well well looking at the large cap alt coins. It backtests well.

Default Settings EMA 5/12/50, MACD 9/12/26, Single Candle Gain 10%, Stop 10%, Profit Capture 45%

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.

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