OPEN-SOURCE SCRIPT
Seeking Alpha 1H Chart 1.2
Seeking Alpha 1H Chart - Strategy Description
The Seeking Alpha 1H Chart strategy is designed for swing traders looking for clear trend signals based on EMA crossovers, RSI confirmation, and volume analysis.
How It Works
✅ Golden Cross (BUY Signal) → The 20 EMA crosses above the 50 EMA, signaling an uptrend (Green Line, "BUY" Signal).
✅ Death Cross (SELL Signal) → The 20 EMA crosses below the 50 EMA, signaling a downtrend (Red Line, "SELL" Signal).
✅ RSI Scoreboard → Turns green when RSI is 55+ (strong buy signal), blue when neutral (50-54.9), and red when weak (<50).
✅ Volume Scoreboard → Highlights buying pressure in green and selling pressure in red with high/low volume readings.
✅ ATR-Based Stop Loss & Take Profit → Dynamically adjusts risk with 2x ATR stop loss and 4x ATR take profit.
Why Use This Strategy?
This strategy is perfect for traders looking for clean, easy-to-read signals without excessive chart clutter. It helps identify trend strength, momentum confirmation, and volume dynamics for better entry and exit decisions. 🚀
The Seeking Alpha 1H Chart strategy is designed for swing traders looking for clear trend signals based on EMA crossovers, RSI confirmation, and volume analysis.
How It Works
✅ Golden Cross (BUY Signal) → The 20 EMA crosses above the 50 EMA, signaling an uptrend (Green Line, "BUY" Signal).
✅ Death Cross (SELL Signal) → The 20 EMA crosses below the 50 EMA, signaling a downtrend (Red Line, "SELL" Signal).
✅ RSI Scoreboard → Turns green when RSI is 55+ (strong buy signal), blue when neutral (50-54.9), and red when weak (<50).
✅ Volume Scoreboard → Highlights buying pressure in green and selling pressure in red with high/low volume readings.
✅ ATR-Based Stop Loss & Take Profit → Dynamically adjusts risk with 2x ATR stop loss and 4x ATR take profit.
Why Use This Strategy?
This strategy is perfect for traders looking for clean, easy-to-read signals without excessive chart clutter. It helps identify trend strength, momentum confirmation, and volume dynamics for better entry and exit decisions. 🚀
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 publications is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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