OPEN-SOURCE SCRIPT
Oliver Valez Triple MA Strategy
Strategy Logic:
Trend Identification:
200 MA acts as the primary trend filter
Price above 200 MA = Bullish trend (green background)
Price below 200 MA = Bearish trend (red background)
Trading Signals:
Long Entry: 20 MA crosses above 50 MA + Price > 200 MA
Short Entry: 20 MA crosses below 50 MA + Price < 200 MA
Risk Management:
Adjustable stop loss (2% default)
Adjustable take profit (4% default)
Automatic position closing on opposite crossover signals
Customization Options:
Switch between SMA/EMA
Adjust MA lengths
Modify risk parameters
Change visual styles
How to Use:
Apply to any liquid asset (works best on daily timeframe)
Look for entries in the direction of the 200 MA trend
Use confluence with price action at key levels
Combine with volume analysis for confirmation
Key Features:
Triple MA confirmation system
Trend-filtered entries
Built-in risk management
Visual trend identification
Flexible input parameters
This strategy combines trend following with momentum signals while maintaining disciplined risk management - crucial principles in Oliver Valez's trading methodology.
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Trend Identification:
200 MA acts as the primary trend filter
Price above 200 MA = Bullish trend (green background)
Price below 200 MA = Bearish trend (red background)
Trading Signals:
Long Entry: 20 MA crosses above 50 MA + Price > 200 MA
Short Entry: 20 MA crosses below 50 MA + Price < 200 MA
Risk Management:
Adjustable stop loss (2% default)
Adjustable take profit (4% default)
Automatic position closing on opposite crossover signals
Customization Options:
Switch between SMA/EMA
Adjust MA lengths
Modify risk parameters
Change visual styles
How to Use:
Apply to any liquid asset (works best on daily timeframe)
Look for entries in the direction of the 200 MA trend
Use confluence with price action at key levels
Combine with volume analysis for confirmation
Key Features:
Triple MA confirmation system
Trend-filtered entries
Built-in risk management
Visual trend identification
Flexible input parameters
This strategy combines trend following with momentum signals while maintaining disciplined risk management - crucial principles in Oliver Valez's trading methodology.
New chat
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 publication is governed by House rules. You can favorite it to use it on a chart.
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