Ducanhdavinci

DUCANH - KELTNER CHANNELS + EMA STRATEGY

Ducanhdavinci Updated   
This is a strategy/combination of warning indicators using 3EMA and Keltner Channels.
I set up this strategy with the aim of reducing analytical labor in the market. When this strategy warns signals, then buy or sell.
This strategy setup works for timeframes, however it can still work for different timeframes.
It works well with Gold in various timeframes. If you want to apply it to other currency pairs, you must fine-tune the parameters for maximum efficiency.
The strategy details are as follows:
Ingredient:
EMA50 + EMA120 + SMA
Keltner Channels

Long position Alert:
EMA50 is above EMA120
The candlestick touches the lower KC band
Long position alert will trigger when the candlestick reaches the above conditions and the candlestick starts crossing up to the SMA

Short position Alert:
EMA50 is below EMA120
The candlestick touches the upper KC band
A short position alert will trigger when the candlestick reaches the above conditions and starts crossing down to SMA

Recommended RR: 1:3
If you have any questions please let me know !
Release Notes:
The new version has an additional 1 Keltner Channels for those who need to use 2 Keltner Channels to increase the accuracy of the entry point.
Release Notes:
Improved entry point performance. At the same time, I have installed additional warnings for risk entry points.
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 a 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.

Want to use this script on a chart?