OPEN-SOURCE SCRIPT
Momentum Strategy with MA20 & MA200
How to Use the Strategy:
1️⃣ Only take trades when:
MA20 is above MA200 (for buys) OR MA20 is below MA200 (for sells).
VWMA is above MA20 (for buys) OR VWMA is below MA20 (for sells).
MACD & RSI confirm momentum.
2️⃣ Exit Strategy:
Use 9-pip TP & 3-pip SL (adjust based on ATR for volatility).
If ATR is low, avoid trading to reduce fakeouts.
1️⃣ Only take trades when:
MA20 is above MA200 (for buys) OR MA20 is below MA200 (for sells).
VWMA is above MA20 (for buys) OR VWMA is below MA20 (for sells).
MACD & RSI confirm momentum.
2️⃣ Exit Strategy:
Use 9-pip TP & 3-pip SL (adjust based on ATR for volatility).
If ATR is low, avoid trading to reduce fakeouts.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — 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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — 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.