ADX+BB %B+AO+EMA Strategy [PineMyths] #2

Jan 15, 2022

Indicator List

• ADX (14,14)
  
• Bollinger Bands %B (20,close,2) 
  
• Awesome Oscillator
  
• EMA(5), EMA(21), EMA(50), EMA(200)
  

Strategy Rules and Conditions
LONG Side

• EMA(5) > EMA(21)
  
• EMA(50) > EMA(200)
  
• BB %B > 0.75
  
• ADX > 15
  
• Awesome Oscillator > 2
  

SHORT Side

• EMA(5) < EMA(21)
  
• EMA(50) < EMA(200)
  
• BB %B < 0.25
  
• ADX > 15
  
• Awesome Oscillator < -2
  

Stop: Fixed %2
Take Profit: Fixed %1