Dreadblitz

Strategy Follow Line MTF Any MM Average

The objective is only to evaluate different configurations of the indicator "Follow Line MTF Any MM Average".

The strategy does not have position management, it's very basic, this indicator should be used to see trend, range zones, evaluate the best areas to enter the market, use higher time frames to confirm a direction can be useful.

I do not recommend using only this indicator to trade, because you can lose all your money if you do not know what you are doing.


I hope you find it useful.
Successes
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.

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Comments

Hello have you an explanation about the parameters that can we move in properties of the indicator ?
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whether this repaints?
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hi.the display in the tester is not correct.
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hi and first, very thank you for your indicator. Do you know if it's possible to add a sound when picture appears on graph ? Great work by the way. Sam
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How can I put alerts? Thank you
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Could you please share your configuration for report? I was using same 1H chart data from binance and using default confugration and try to run backtesting since 2020.1 but I did not get such good performance report or such big profit factor.
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Dreadblitz HighTopMoon
@HighTopMoon, Hi, I don't remember the settings, try WMA, 4H, per 60, I don't recommend that you use it as a trading strategy, just to find good settings, regards
+1 Reply