OPEN-SOURCE SCRIPT
My Moving Average Crossover Strategy
Overview of the My Moving Average Crossover Strategy
Moving Averages:
A short-term moving average reacts more quickly to price changes, while a long-term moving average smooths out price fluctuations over a longer period.
The strategy generates trading signals based on the crossover of these two averages:
Buy Signal: When the short-term MA crosses above the long-term MA
Sell Signal:
Implementing Take Profit and Stop Loss
1. Take Profit Levels - 10
2. Stop Loss Levels - 5
3. Take Profit Dynamic - 20
4. Stop Loss Dynamic - 2.5
Moving Averages:
A short-term moving average reacts more quickly to price changes, while a long-term moving average smooths out price fluctuations over a longer period.
The strategy generates trading signals based on the crossover of these two averages:
Buy Signal: When the short-term MA crosses above the long-term MA
Sell Signal:
Implementing Take Profit and Stop Loss
1. Take Profit Levels - 10
2. Stop Loss Levels - 5
3. Take Profit Dynamic - 20
4. Stop Loss Dynamic - 2.5
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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