Texmoonbeam

Ultimate Moving Average Strategy Creator

Texmoonbeam Updated   
Have you ever wanted to create your OWN strategy, but don't have coding experience? Well now you can.
With simple settings, but millions of potential strategies and combinations, this indicator / strategy lets YOU make ALL the rules.

Start by choosing up to 4 moving averages from all the various types - Simple, Exponential, Hull, Volume-Weighted, etc. Choose the period and choose price source.

Now the fun part.

You select your values to compare and how to compare them. Want to test if the Fast Moving Average crosses over the Slow Moving Average? No problem. Want to add an additional test to check the closing price is greater than the Fast Moving Average? Done.

With additonal options to set take profit % and stop loss %, as well as a date range and the option for 'Long Only' positions, you can instantly see the results of any strategy in the strategy tester, then simply make an adjustment and refine the criteria without having to know or understand any of the complex coding and scripting.

I have tried many popular moving average strategies, but irrespective of the results, the thing that stood out to me was how inflexible they were. If it was designed to test a triple crossover, that's all it could do. With this indicator, literally anything is possible and modifying the parameters couldn't be easier.
Release Notes:
Fixed an issue with stop losses not executing, using strategy.close() instead of strategy.exit()
Release Notes:
Added volume as a source, now you can incorporate volume into moving averages and strategies, test if there is an increase or decrease in volume.
Release Notes:
Added a 3rd optional test into the buy and sell strategies.
Release Notes:
Added titles to the plots, so they are identifiable in the styles tab.
Release Notes:
Fixed and improved the strategy entry and exit positions. They are now much more accurate and responsive to changes in price, than they were previously.

Contact me directly on TradingView or Twitter for queries, for purchasing and indicator guides please check here www.tradingparadise.io/
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Texmoonbeam for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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.

Author's instructions

Please direct message me on TradingView or Twitter for queries and requests. For access and guides to all indicators visit www.tradingparadise.io/

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Warning: please read before requesting access.