OPEN-SOURCE SCRIPT
Channel Trend and 3 EMA Stratgy MHG-V.6.1.4
Dear Traders..
This Startgy use the 3 tools
1- Trend Detection
2- draw the Ascending and Descending channels
3- Use the 3 Moving average for take the acceptant for position entry.
If ascending channel and make the buy signal, then watch the EMA 2 if the price above the 2 EMA you can open the Long position.
SL alittle under the 2 EMA Curve.
for short position riverce the above manual...
This Startgy use the 3 tools
1- Trend Detection
2- draw the Ascending and Descending channels
3- Use the 3 Moving average for take the acceptant for position entry.
If ascending channel and make the buy signal, then watch the EMA 2 if the price above the 2 EMA you can open the Long position.
SL alittle under the 2 EMA Curve.
for short position riverce the above manual...
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 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.