ShanghaiCrypto

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

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.

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Comments

script is not giving positive results
+1 Reply
burgercrisis aruncena1234567
VERY bad results LOL!
Reply
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