CryptoMobster

The 6 Line Death Punch

If you are looking to discover what trend you are in, you need to first what direction the price is going in...

I've been using and testing a mixture of EMA's and SMA's for a long time and I've found that these ones are by far the best.

EMA 3
EMA 8
MA 20
EMA 55
MA 100
MA 200

EMA 3 & 8 Crossover is a good method for confirming a coin going to the upside or to the downside.

EMA 8 is known as the Trigger Line (trademarked brand) as one of the fib numbers it shows good support or resistance of a trend.

MA 20 universal way of seeing trend direction in the stock market, works well with crypto too.

EMA 55, another trusty fib number. Works very well and could trade off that alone as support and resistance .

MA 100 and MA 200. Long ranged moving averages which govern the overall longer-term trend.

LONG ENTRY

Option 1 - 3/8 crossover
Option 2 - Candles above EMA 8
Option 3 - Candles above MA 20
Option 4 - Candles Above EMA 55.

SHORT ENTRY

Option 1 - 3/8 crossover
Option 2 - Candles below EMA 8
Option 3 - Candles below MA 20
Option 4 - Candles below EMA 55.
Release Notes: NEW AND UPDATED V2.

If you are looking to discover what trend you are in, you need to first what direction the price is going in...

I've been using and testing a mixture of EMA's and SMA's for a long time and I've found that these ones are by far the best.

EMA 8
EMA 21
EMA 34
EMA 55
MA 100
MA 200


LONG ENTRY

Option 1 - 8/21 crossover
Option 2 - Candles above EMA 8
Option 3 - Candles above EMA34
Option 4 - Candles Above EMA 55.

SHORT ENTRY

Option 1 - 8/21 crossover
Option 2 - Candles below EMA 8
Option 3 - Candles below EMA 34
Option 4 - Candles below EMA 55.

Thank you. Hope you enjoy!
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

Thanks Ash
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Thank you for being a great teacher Mobster, much love and respect from South Africa! I love the way you simplify things. Keep planting the seed of grateness mate.
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