OPEN-SOURCE SCRIPT
EVWMA 6HR BF
Credit goes to QuantNomad for the idea behind this code. Here
is the original script.
This strategy simply goes long on a cross above zero of the calculated delta line and short on a cross down below zero.
The delta line is calculated using 2 volume based moving averages.
There is a fixed 9% stop loss but you can change this to an ATR Derived stop in the settings.
is the original script.
This strategy simply goes long on a cross above zero of the calculated delta line and short on a cross down below zero.
The delta line is calculated using 2 volume based moving averages.
There is a fixed 9% stop loss but you can change this to an ATR Derived stop in the settings.
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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