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Tutorial05

Arch1tect's New Toy

Tutorial05 Updated   
Exponential Moving Average (EMA) Trend Analysis moving average sma
32
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ema trendanalysis moving average sma
Description:
Arch1tect's New Toy tries to predict market trends by simply utilising 2 moving averages crossovers.

How it works:
  • Buy signals are triggered when the faster MA crosses over the slower MA from the downside to the upside.
  • Sell signals are triggered when the faster MA crosses under the slower MA from the upside to the downside.

How to use:
  • Take buys when buy signal is triggered AND close existing sell position
  • Take sells when sell signal is triggered AND close existing buy position

Note:
  • Settings are optimised for XAUUSD on the M1 chart.

Extra:
Release Notes:
Added plot line display for 2nd MA
Release Notes:
you can now choose different MA types for both MAs
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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