PROTECTED SOURCE SCRIPT
Custom Trading Strategy (1H)
Overview: This indicator is a technical tool designed for the 1-Hour timeframe (1H).
It combines Trend following with Momentum to filter false signals.
The strategy only triggers a signal when three classic indicators align perfectly.
How it Works? The script plots a green "N" label when the following 4 conditions are met simultaneously:
MACD: Both MACD Line and Signal Line must be above Zero (Bullish Territory).
MACD Crossover: A bullish crossover occurred either on the current bar or the previous bar.
SMA: Simple Moving Average (5) crosses over SMA (20).
RSI: Relative Strength Index is above 50 (Positive Momentum).
Features:
Clean Chart: Calculates SMAs and Stop Loss levels in the background without cluttering the chart with lines.
Only the signal label "N" is displayed.
Filtering: Filters out weak signals by requiring RSI > 50 and MACD > 0 confirmation.
It combines Trend following with Momentum to filter false signals.
The strategy only triggers a signal when three classic indicators align perfectly.
How it Works? The script plots a green "N" label when the following 4 conditions are met simultaneously:
MACD: Both MACD Line and Signal Line must be above Zero (Bullish Territory).
MACD Crossover: A bullish crossover occurred either on the current bar or the previous bar.
SMA: Simple Moving Average (5) crosses over SMA (20).
RSI: Relative Strength Index is above 50 (Positive Momentum).
Features:
Clean Chart: Calculates SMAs and Stop Loss levels in the background without cluttering the chart with lines.
Only the signal label "N" is displayed.
Filtering: Filters out weak signals by requiring RSI > 50 and MACD > 0 confirmation.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.