INVITE-ONLY SCRIPT
Momentum Strategy
Updated
This is only a DEMO, more filters will be added further: (This strategy is a combination of multiple scripts)
This strategy is incomplete so it cant be used as a signal provider but its VERY helpful when it comes to finding trades and making your life easier.
Alerts included for Longs and Shorts
For LONG:
-Filter 1 : Atleast 2 green squares
-Filter 2: Stochastic Rsi from bottom 0 to 50 + green background (it can be modified from settings for the values)
-Filter 3: EMA 10 below price bar (blue line)
-Filter 4: All long trades must be above 400 EMA ( big orange line,it can be modified from settings)
For SHORT:
-Filter 1 : Atleast 2 red squares
-Filter 2: Stochastic Rsi from top 100 to 50 + red background (it can be modified from settings for the values)
-Filter 3: EMA 10 above price bar (blue line)
-Filter 4: All short trades must be below 400 EMA ( big orange line,it can be modified from settings)
This strategy is incomplete so it cant be used as a signal provider but its VERY helpful when it comes to finding trades and making your life easier.
Alerts included for Longs and Shorts
For LONG:
-Filter 1 : Atleast 2 green squares
-Filter 2: Stochastic Rsi from bottom 0 to 50 + green background (it can be modified from settings for the values)
-Filter 3: EMA 10 below price bar (blue line)
-Filter 4: All long trades must be above 400 EMA ( big orange line,it can be modified from settings)
For SHORT:
-Filter 1 : Atleast 2 red squares
-Filter 2: Stochastic Rsi from top 100 to 50 + red background (it can be modified from settings for the values)
-Filter 3: EMA 10 above price bar (blue line)
-Filter 4: All short trades must be below 400 EMA ( big orange line,it can be modified from settings)
Release Notes
Added 200 EMA filterRelease Notes
Updated:-Removed Filter checkboxes.
-Added Type of filter options.
-Added only 2 type of alerts Long Momentum or Short Momentum
-Added as an option to plot Momentum lines.
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 AndresVasconez 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.
Want to use this script on a chart?
Warning: please read before requesting access.
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.