This strategy is based EMA of 8 different period and Ichimoku Cloud which works better in 1hr 4hr and daily time frame.
#A brief introduction to Ichimoku # The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
#A brief introduction to EMA# An exponential moving average ( EMA ) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average . An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average ( SMA ), which applies an equal weight to all observations in the period.
#How to use# The strategy will give entry points itself, you can monitor and take profit manually(recommended), or you can use the exit setup.
EMA (Color) = Bullish trend EMA (Gray) = Bearish trend
#Condition# Buy = All Ema (color) above the cloud. SELL= All Ema turn to gray color.
Please have an option to enable certain number of EMA. what if a user only needs 2 ema for backtesting/trading? rather than plenty of ema? i mean for backtesting purpose i wish there is an option to enable and disable certain amount of ema.
spy_pigeon
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I sincerely wish you blessings and good luck.
spy_pigeon
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A trend-following strategy is intuitive and a powerful weapon to avoid a bear market like this one.