mohanee

EMA_cumulativeVolume_crossover [indicator]

mohanee Updated   
while I was doing some research with exp MA crossovers and volume indicator , I have noticed that when ema 50 is above cumulative volume of 100 period , shows to capture nice profits in that trend. Shorting also (ema50 cross down volume of 100 period) also shows nice results.

BUY
When ema50 crossover cumulative volume of 100 period

Exit
When ema50 cross down cumulative volume of 100 period


Short Selling
Reverse above BUY conditions

Back ground color shows blue when ema50 is above cumulative volume of 100 period, shows purple when ema50 is below cumulative volume of 100 period

I will publish the strategy for back testing later today


Warning
For the use of educational purpose only
Release Notes:
variable name corrected ...
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.

Want to use this script on a chart?