Get started
vishnuashok123

20 EMA Daytrading Strategy

vishnuashok123  
Exponential Moving Average (EMA) daytrading signals
700
13
ema daytrading signals
20 EMA Daytrading Strategy


This strategy creates long and short signals based on a 20 EMA crossing condition. Works well in 4H timeframes or higher. Accuracy is around 60%.

BUY
  • When a green candle crosses above 20 EMA
  • Followed by another green candle which closes above the previous candle high

SELL
  • When a red candle crosses below 20 EMA
  • Followed by another red candle which closes below the previous candle low


Stop loss at ATR + 5
Take Profit at 1.3R
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?