OPEN-SOURCE SCRIPT
MacD 200 Day Moving Average Signal Crossover Strategy
This works on most time frames, but I noticed the 4 hour for BTCUSD on coinbase seems to work well as an example. The strategy is pretty simple. I was inspired by a youtube video that said to backtest their strategy so I did. Most of the time it doesn't work but sometimes it's pretty good as in the case I showed.
Basically, you buy if the MacD crossers over the signal line and the histogram is below 0 and you are above the 200 day moving average. Do the opposite to sell!
Basically, you buy if the MacD crossers over the signal line and the histogram is below 0 and you are above the 200 day moving average. Do the opposite to sell!
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.
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