Gold Spot / U.S. DollarEducation
SMA crossing and confirmation by multi time frame -By Mr.Somkiat
This strategy is to entry the order and close the order by...
1. **Buy Condition**: The 8-period SMA crosses above the 15 and 25-period SMAs, indicating upward momentum. Confirmation is required from the 1-hour time frame with a green candle.
2. **Sell Condition**: The 8-period SMA is below both the 15 and 25-period SMAs, with two red candles closing below the 8-period SMA. Confirmation is required with a red candle on the 1-hour chart.
3. **Exits**:
- A buy position closes if two red candles close below the 8-period SMA.
- A sell position closes if two green candles close above the 8-period SMA.
1. **Buy Condition**: The 8-period SMA crosses above the 15 and 25-period SMAs, indicating upward momentum. Confirmation is required from the 1-hour time frame with a green candle.
2. **Sell Condition**: The 8-period SMA is below both the 15 and 25-period SMAs, with two red candles closing below the 8-period SMA. Confirmation is required with a red candle on the 1-hour chart.
3. **Exits**:
- A buy position closes if two red candles close below the 8-period SMA.
- A sell position closes if two green candles close above the 8-period SMA.
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.