OrcChieftain

Ampleforth Rebase MACD

This script reveals Ampleforth rebase levels which are going to always work. In addition to that is MACD crossovers serving as potential buy/sell entries. You can set alerts for MACD crossovers and price entering balanced value area (0.96 - 1.06).

MACD signals can be used to automatically open a position and entering a balanced value area can be used as take-profit. Since the price will always move to this level, using this strategy without leverage should be profitable.

Ampleforth seems like a nice asset to trade since it is unlikely to correlate with anything else. At least not when it gets to the extreme levels.

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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