alexpunct

5 Exponential Moving Averages

5 Exponential Moving Averages:

8, 13, 21 - fast EMAs: enter when price touches one of them if all of them are parallel
55 - medium EMA: short/medium term trend (if the fast EMAs are above, trend is bullish; if the fast EMAs are below, trend is bearish)
200 - long term EMA: long term trend (if the fast and medium EMAs are above, trend is bullish; if the fast and medium EMAs are below, trend is bearish)

Moving averages cross strategy:
- when the moving averages cross, wait for the price to re-tag the slower one, then enter on market structure breakout (M/W/triangles)

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.

Want to use this script on a chart?