This script combines a couple of popular indicators to create a reliable yet versatile opportunity to automate trades based on the . The idea is to use / crossovers to enter positions whilst taking advantage of a modified Channel to exit these positions at maximum profit.
The script has been backtested on various timeframes and proves effective in both trending and ranging markets.
I have also added the ability to limit your positions to only long, or short, if this is of preference.
Want to backtest this? A strategy version of this script is also available at no cost on my page - enjoy!
Any questions? Let me know!